Deal Charts

ABL Deal Chart 2007 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/1/07 through 12/31/07.

LENDER(S) & ROLE BORROWER & INDUSTRY AMOUNT* STRUCTURE & NOTES
SABIC Innovative Plastics Holding B.V.
Manufacturer/Chemicals, Fertilizers, Plastics, Metals
GE Corporate Lending
Co-Admin. Agent
9200.0 Revolver 
Supports GE's Plastics acquisition/GE Capital Markets: joint bookrunner
Linens Holding Co.
Retailer/Home Furnishings
GE Capital Markets
Admin. Agent, Collateral Agent
700.0 Revolver 
GE Canada Finance: Canadian admin. agent, collateral agent
Finlay Enterprises, Inc.
Retailer/Fine Jewelry
GE Corporate Lending
Lender
550.0 Revolver
Supports Bailey Banks & Biddle acquisition/GE Capital Markets: Sole Bookrunner
Behringer Harvard
Provider/Commercial Real Estate
KeyBanc Capital Markets, Wachovia Securities
Co-Lead Arrangers
500.0 $300MM Revolver/$200MM Term Loan
Three-year terms/Wachovia: syndication agent; Aareal Bank & Westdeutsche Immobilienbank: co-documentation agents; KeyBank: admin agent
Ruddick Corp
Operater/Harris Teeter supermarkets, American & Efird Inc
Wachovia Capital Finance
Admin Agent
450.0 $350MM Revolver/$100MM Term Loan
Five-year term/Lenders: BB&T, Regions Bank, Bank of America, JPMorgan Chase Bank, RBC, CoBank, others
Corrections Corporation of America
Provider/Corrections Management Services
Bank of America
Admin Agent
450.0 Revolver
Five-year term/Arrangers: Banc of America Securities, Wachovia Capital Markets
X-Rite Inc Lender
Provider/Color Printing
Ableco Finance
Lender
415.0 $40MM Revolver/$270MM First Lien Term Loan/$105MM Second Lien Term Loan
Supports recap
Coinstar, Inc.
Provider/4th Wall Solutions for retailers
Bank of America
Sole, Exclusive Administrative Agent, Swing Line Lender
400.0 Revolver
Five-year term/Banc of America Securities, J.P. Morgan Securities: joint lead arrangers, joint book managers/JPMorgan Chase Bank: syndication agent/Keybank, U.S. Bank, Wells Fargo Bank: co-documentation agents
Interstate Bakeries Corp.
Baker, Distributor/Bread, Sweet Goods
Silver Point Finance
Lender
400.0 Exit Financing
Builders FirstSource Inc.
Manufacturer/Structural, Related Building Products
Wachovia Capital Markets, UBS Investment Bank
Joint Arrangers
350.0 Revolver
Five-year term/Participants: Wachovia Bank, administrative agent/GE Capital
Sportsman's Warehouse
Retailer/Outdoor Sporting Goods
GE Commercial Finance Corporate Lending
Admin Agent
325.0 Revolver
Arranger: GE Capital Markets
Wells Dairy Inc
Provider/Dairy Products
Ableco Finance
Agent
310.0 $125MM Revolver/$185MM Term Loan
Supports refinancing
Syntax-Brillian Corp.
Distributor/LCD HDTVs, Digital Cameras, Entertainment Products
Silver Point Finance
Arranger
250.0 Revolver
Citi, CIT, Wells Fargo Foothill, Wachovia, Durham Capital: participating
RTI International Metals, Inc.
Producer/Titanium Mill Products, Metal Components
Citigroup Global Markets, PNC Capital Markets/Citibank
Joint Lead Arrangers/Admin. Agent
240.0 Revolver
Five-year term/Fifth Third Bank, PNC Bank: co-syndication agents
Newpark Resources Inc
Provider/Drilling Fluids, Temporary Worksites, Access Roads
JP Morgan Chase Bank
Lead Lender
225.0 $175MM Revolver/$50MM Term Loan
Replaces previous facility
Quality Distribution LLC
Provider/Bulk Transportation, Related Services
Credit Suisse, Cayman Islands/Credit Suisse Securities/GE Capital
Lenders
225.0 Revolver
Five-and-a-half-year term
Spectrum Brands, Inc.
Supplier/Consumer Products
Goldman Sachs Credit Partners, Wachovia Bank
Lender
225.0 Revolver
The Providence Service Corp
Provider/Home, Community-Based Social Services
CIT Capital Securities
Sole Lead Arranger, Sole Bookrunner
213.0 $40MM Revolver/$173MM Term Loan
Supports LogistiCare, Inc acquisition
American Broadband Communications LLC 
Operator/Local Exchange Carriers, Related Businesses
Ares Capital
Lender
200.0 Acquisition Facility
Supports continued acquisition initiatives
Rex Energy Corp.
Provider/Oil, Gas
KeyBank, BNP Paribas, M&T Trust Co., Sovereign Bank, Allied Irish Banks
Lead Lenders
200.0 Revolver
Five-year term/Replaces previous debt
Boston Market Corp
Operator/Restaurants
Ableco Finance
Collateral Agent
145.0 $40MM Revolver/$15MM Term Loan A/$25 Term Loan B/$35MM Term Loan C/$16MM DD Term Loan B/$14MM DD Term Loan C
Supports refinancing
DG FastChannel Inc
Provider/Digital Media Services
BMO Capital
Lender
145.0 Revolver
Six-year term/Support Vyvx acquisition
AmeriMark Direct LLC
Marketer/Women's Apparel, Cosmetics, Jewelry, etc.
Ableco Finance
Lender
135.0 $20MM Revolver/$115MM Term Loan
Supports recap
Big Rock Sports, LLC
Distributor/Sporting Goods
Wachovia Capital Finance
Managing Agent
130.0 Revolver
NameMedia, Inc.
Provider/Digital Real Estate
BofA Securities
Arranger, Administrative Agent
125.0 Revolver
Five-year term/Refinances previous debt
Ambulatory Services of America Inc
Operator/Healthcare Services
GE Healthcare Financial Services
Sole Lead Arranger, Sole Bookrunner
123.5 $20MM Revolver/$70MM First Lien Term Loan/$33.5MM Second Lien Term Loan
Acted as Admin Agent for First Lien Loans/Supports Innovative Dialysis Systems acquisition
Golden Circle
Manufacturer/Shelf Stable Fruit, Vegetables, Juices, etc.
GE Commercial Finance
Lender
120.0 Revolver
Anchorage Capital Partners provided $35.5MM in new equity
New York & Company, Inc.
Retailer/Women's Apparel
Wachovia Capital Finance
Lead Arranger, Admin. Agent
118.5 $90MM Revolver/$28.5MM Term Loan
Arlington Capital Partners
Private Equity Firm
GE Capital Markets
Sole Lead Arranger, Bookrunner
117.3 Revolver
Supports Daily Racing Form acquisition/GE Media, Communications & Entertainment: admin agent
Sigma International Group Inc
Distributor/Pipe Fittings, Accessories, etc
PNC Bank
Lender
110.0 $80MM Revolver/$30MM Term Loan
PNC also arranged a $30MM second lien loan/Supports acquisition by Frontenac Company
Terra Renewal Services, Inc.
Recycler/Liquid Organic Waste, Yellow Grease
Merrill Lynch Capital
Sole Lead Arranger, Sole Bookrunner, Admin. Agent
109.0 Revolver
Supports Farming Inc., Blue Iron Equipment, Vista Services acquisitions
Rexnord Funding LLC
Supplier/Power Transmission, Water Management Products
GE Corporate Lending
Lender
100.0 Trade A/R Securitization
Foothills Resources Inc
Provider/Oil, Gas Exploration
Wells Fargo Foothill, Regimen Capital Advisors
Lender
100.0 $50MM Revolver/$50MM Term Loan
Five-year term
Storm Cat Energy Corp
Provider/Oil & Gas
Regiment Capital Advisors, Wells Fargo Foothill
Lenders
80.0 $50MM Revolver/$30MM Term Loan
Maturity: Sept. 27, 2011
Hahn Automotive Warehouse, Inc.
Distributor/Automotive Aftermarket Parts
PNC Bank
Lender
80.0 Revolver
Supports Prime Automotive Parts Co. acquisition
Meadowcraft, Inc.
Manufacturer/Wrought Iron Patio Furniture, Accessories
Webster Business Credit
Lender
80.0 Revolver 
Three-year term
Apple & Eve, LLC
Manufacturer/Juice
Ares Capital
Lead Arranger, Admin. Agent, Collateral Agent
78.5 Revolver 
Completed in conjunction with ClearLight investment
Kataman Metals, Inc.
Provider/Factoring, Invoice Financing
National City Business Credit
Lender
75.0 Revolver
Bibby Financial Services (Holdings) Inc
Consultant/Non-Ferrous Metal
Bank of America Business Capital
Administrative, Collateral Agent
75.0 Revolver
Hickory Farms, Inc.
Marketer/Specialty Food Items
PNC
Lender
75.0 Revolver
Wynnchurch Capital
Private Equity Investment Firm
Bank of America Business Capital
Lender
65.0 $40MM Revolver/$25MM Term Loan
Supports Metzeler Automotive Profile Systems acquisition
The Gordian Group
Provider/Data, Technology Services
FirstLight Financial
Co-Lead Arranger, Documentation Agent
52.0 Revolver
Deal Source: The Wicks Group of Companies
Mini Skool Early Learning Centers Inc
Provider/Child-Care Facilities
Ableco Finance
Agent
51.5 $5MM Revolver/$36.5MM Term Loan A/$10MM Term Loan B
Supports acquisition
Republic Financial Corp
Investment Firm: Special Assets, Structured Finance, Private Equity, Aviation
American Capital
Lender
50.0 Acquisition Line
Minefinders Corp Ltd
Provider/Precious Metals Mining, Exploration
Scotia Capital
Lender
50.0 Revolver
Three-year term
NxStage Medical , Inc.
Manufacturer/Dialysis Products
Merrill Lynch Capital
Lead Lender
50.0 $20MM Revolver/$30MM Term Loan
Three-and-a-half-year term
Rock of Ages Corp.
Manufacturer/Finished Granite Memorials, Blocks
CIT Business Credit
Lender
50.0 $20MM Revolver/$30MM Term Loan
Five-year term/Replaces previous debt
Fiber Composites, LLC
Manufacturer/Composite Decking, Railing, Fencing
Bank of America Business Capital
Lender
48.9 $40MM Revolver/$8.9MM Term Loans
Refinances previous debt
Growth Partners Industries LLC
Private Equity Firm
GE Antares Capital Industrial
Admin. Agent
48.0 $24MM U.S. Revolver/EUR16.7MM Revolver
Supports Atlas Material Testing Technology acquisition
Long Lines, LLC
Provider/Communications
GE Capital Markets/GE Media, Communications & Entertainment
Co-Lead Arranger, Sole Bookrunner/Admin. Agent
47.0 Debt Financing
Engineered Machine Products Inc
Manufacturer/Diesel Engine, Power Hydraulic Components
Ableco Finance
Lender
44.1 $17MM Revolver/$27.1MM Term Loan
Supports refinancing
CIVC Partners, GrowthPath Capital LLC
Provides/Growth & Buyout Capital, Provider/Private Equity
GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
43.5 $17.5MM Revolver/$26MM Term Loan
GE Antares Capital: administrative agent
Hackney Ladish, Inc.
Manufacturer/Commodity, Hi-Yield, Specialty Fittings
NewStar Financial
Lead Lender, Admin. Agent
43.0 Revolver
Supports partial recap in company
UIB Capital Ltd
Private Equity Firm
Monroe Capital
Sole Arranger, Agent
40.5 Revolver
Supports electronics manufacturing services company acquisition
Zep Inc
Provider/Specialty Cleaning, Maintenance Solutions
Wachovia Capital Finance
Sole Lender
40.0 A/R Securitization
Gander Mountain Co
Retailer/Outdoor Products
Bank of America
Lender
40.0 Term Loan
Supports Overton's Inc acquisition
Accubuilt Inc
Provider/Specialty Vehicles
NewStar Financial
Sole Lead Arranger, Syndication Agent
40.0 Revolver
Supports company recap
Merit Mountainside, LLC
Provider/Healthcare
Siemens Financial Services
Lender
40.0 $15MM Revolver/$25MM Term Loan
Five-year term/Supports Mountainside Hospital acquisition
American Hardwood Industries LLC
Manufacturer/Lumber Products
PNC Bank
Lender, Lead Syndicator
40.0 $25MM Revolver/$15MM Term Loan
Supports Blue Triangle Hardwood, Graham Lumber Company, Hardwood Lumber Manufacturing acquisitions
Brittany Stamping LLC
Provider/Industrial, Automotive Stamping
Wachovia Capital Finance
Sole Lender
38.0 Revolver
Explorico International
Distributor/Oil, Gas Pipe
Ableco Finance
Agent
37.5 Second Lien Loan
Supports acquisition
Glenoit LLC/Ex-Cell Home Fashions, Inc.
Manufacturers/Decorative Bath, Home Fashion Products
Wachovia Capital Finance
Sole Lender
35.0 Revolver
Al-Morrell Development LLC, Oasis International Waters, Inc.
Provider/Operations, Facilities & Logistics Solutions, Provider/Bottled Water
Crystal Capital Fund
Lender
35.0 Debt Financing
Refinance previous debt
Sigma International Group Inc
Distributor/Ductile Iron, Cast Iron Fittings
Monroe Capital/Ares Capital
Lender/Agent
30.0 Second Lien Facility
Deal Source: Frontenac Company
Vitesse Semiconductor Corp.
Developer/Semiconductor Solutions
Whitebox VSC
Lender
30.0 Debt Financing
Four-year term
Delta Industrial Services, Inc.
Manufacturer/Specialty Web Converting, Packaging Equipment
Textron Financial Business Credit 
Lender
30.0 $26MM Revolver/$4MM Stretch Term Loan
House of Taylor Jewelry, Inc.
Provider/Jewelry
New Stream Capital
Lender
30.0 $25MM Revolver/$5MM Term Loan
Three-year term
United Road Services, Inc.
Provider/Vehicle Transportation, Logistic Services
Crystal Capital Fund
Documentation Agent, Lead Investor
27.0 Second Lien Term Loan
Supports acquisition by The Gores Group
Knopf Automotive LLC
Distributor/New & Used Auto Parts
Wachovia Capital Finance
Sole Lender
25.0 Revolver
Personal-Touch Home Care, Inc.
Provider/Home Care Services
Healthcare Finance Group
Lender
25.0 Revolver
Zayo Bandwidth, Inc.
Provider/Fiber-based Bandwidth Services
Hercules Technology Growth Capital
Lender
25.0 Debt Facility
Madison-Kipp Corporation
Producer/Machined Components, System Subassemblies
Bridge Finance Group
Lender
23.4 $12MM Revolver/$8.4MM Term Loan, CAPEX Line
EMG Partners
Private Equity Firm
PNC Financial Services Group
Lender
22.1 $17.5MM Revolver/$4.6MM Term Loan
Supports American Sports Works acquisition
Spyglass Cedar Creek LP
Provider/Oil, Gas Exploration, Development
CIT Group
Lender
22.0 Revolver
Austin Ribbon & Company
Provider/IT Solutions
IBM Global Financing
Lender
22.0 Revolver
Wabash Technologies Inc
Manufacturer/Sensors, Fuel Injection
Ableco Finance
Admin Agent
20.0 Revolver
Supports refinancing
PA Inc
Distributor/Pipe, Tubing, Fittings, Flanges
PNC Bank
Lender
20.0 Revolver/Term Loan
Supports acquisition by Freestone Partners
Dominion Business Finance, LLC
Provider/Working Capital Financing
Wells Fargo Foothill Lender Finance
Lender
20.0 Revolver
Dover Saddlery Inc
Retailer/Equestrian Products
RBS Citizens Bank
Lender
18.0 Line of Credit
BCA Mezzanine Fund led a $5MM sub-debt facility
Redstone American Grill Inc
Owner/Upscale Casual Restaurant
GE Capital
Lender
16.5 Revolver
Supports growth
Tri-State Delivery, Inc.
Provider/Specialty Trucking
PNC Bank
Lender
15.6 $15MM Revolver/$.6MM Term Loan
Deb Shops Inc
Retailer/Specialty Apparel
Prospect Capital
Lender
15.0 Second Lien Investment
Supports acquisition by Lee Equity Partners affiliate
Ready Mixed Concrete Co
Provider/Concrete, Related Products
Citi
Lender
15.0 Revolver
Tropic Oil Company Inc
Distributor/Petroleum Products
Citi
Lender
15.0 Revolver
GVI Security Solutions, Inc.
Provider/Video Surveillance Security Solutions
Wells Fargo Bank
Lender
15.0 Revolver
Three-year term
Life Generations Healthcare, LLC
Operator/Skilled Nursing Facilities, Assisted Living Facilities
Crystal Capital Fund
Agent
15.0 Second Lien Term Loan
Mealey's Furniture Holdings, Inc.
Retailer/Furniture
NewStar Financial
Sole Lender, Admin. Agent
15.0 Revolver
Supports Mealey's recap by Parallel Investment Partners
Solarflare Communications, Inc.
Developer/Ten Gigabit Ethernet Technologies
Hercules Technology Growth Capital
Lender
15.0 Venture Debt Financing
Housatonic Partners, Tucker Partners
Private Equity Firms
Patriot Capital Funding
Lender
13.8 Revolver
Supports Aircraft Fasteners International acquisition
In Zone, Inc./In Zone Brands, Inc.
Distributor/Beverage Products/Distributor - Insulated Cups, Mugs, etc.
Webster Business Credit
Lender
10.3 Revolver
Three-year term
The Standard Group
Manufacturer/Paperboard Folding Cartons
National City Business Credit
Lender
10.0 Revolver
MerchantCircle
Provider/Online Networks of Local Business Owners
Square 1 Bank 
Lender
10.0 Revolver
Newtek Business Services, Inc.
Provider/Business Services, Financial Products
North Fork Bank
Lender
10.0 Revolver
Newtek subsidiary Crystaltech Webhosting will also use facility
FHG Enterprises, Inc.
Franchisee/Checkers Drive-In Restaurants
GE Franchise Finance
Lender
10.0 Revolver
Supports Checkers Restaurant refinancing
Sportexe Holdings, LLC
Developer/Indoor, Outdoor Synthetic Turf
North Fork Business Capital
Lender
10.0 Revolver
Diomed Holdings, Inc.
Developer/Minimally Invasive Medical Technologies
Hercules Technology Growth Capital
Lender
10.0 Term Loan
Three-year term
Aerocare Holdings, Inc.
Provider/Oxygen, Respiratory Services, Medical Equipment
Healthcare Finance Group
Lender
9.0 $7MM Revolver/$2MM Term Loan
Supports Durable Medical Equipment sector acquisition
Next Inc.
Distributor/Promotional Products, Imprinted Sportswear
National City Bank
Lender
7.5 Line of Credit
ATS Group, LLC
Provider/Staffing, Recruiting, Consulting
PNC Bank
Lender
7.3 $6MM Revolver/$1.3MM Term Loan
Supports ATS Services acquisition, Dunhill Staffing Systems merger
U.S. Miniature Lamps, Inc.
Manufacturer/Incandescent, Fluorescent Lamps, Lighting
Platinum Funding Group
Lender
7.2 A/R Financing
Cardium Therapeutics, InnerCool Therapies
Manufacturer/Therapeutic Products, Devices
Life Sciences Capital
Lender
5.0 Commercial Credit Facility
Arcadia Products, Inc.
Provider/Alternate Site Healthcare Services, Products
Presidential Healthcare Credit Corp.
Lender
5.0 Revolver
Three-year term
Aerosol Specialties, LLC
Producer/Private Label, Contract Packaging
Marquette Business Credit
Lender
4.9 Revolver
Neopart USA
Distributor/Transit Bus Parts
Marquette Business Credit
Lender
4.8 Revolver/Term Loan
Norsan Meats Inc
Distributor/Meat
Marquette Business Credit
Lender
4.2 Revolver, Term Loan
ATSI Communications Inc
Operator/Digerati Networks, Telefamilia Communications
Wells Fargo Business Credit
Lender
3.0 A/R Facility
Decorize, Inc.
Provider/Home Accents
Guaranty Bank
Lender
3.0 Line of Credit
Thermal Energy International Inc
Provider/Energy & Emission Reduction, Bioenergy Solutions
Toronto-Dominion Bank
Lender
2.5 Line of Credit
Five-year term
Nextera Enterprises, Inc.
Operator/Woodridge Labs: Developer/Branded consumer Products
NewStar Financial
Lender
2.5 Bridge Loan
Truition, Inc.
Provider in the field of eCommerce Platform technology
Wellington Financial
Lender
2.5 Venture Debt
Zevotek Inc
Manufacturer/IONIC BULB
Star Funding
Lender
2.0 PO, Factoring Facility
Karbach Holdings Corp.
Provider/Large-Scale, High-Profile Graphics Projects
Amcore Bank
Lender
2.0 Revolver
Houlihan Smith & Co.: exclusive financial advisor
MicroSeismic, Inc.
Provider/Microseismic Monitoring, Passive Seismic Imaging
Square 1 Bank
Lender
2.0 Line of Credit
Victory Energy Services LLC
Provider/Saltwater Disposal
Marquette Business Credit
Lender
2.0 Revolver, Term Loans
Gudebrod Inc
Manufacturer/Braids, Yarns, Dental Floss, etc
Business Alliance Capital Company
Lender
1.3 $1MM A/R Working Capital Facility/$.3MM Line of Credit