Deal Charts

ABL Deal Chart 2008 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/1/08 through 6/30/08.

LENDER(S) & ROLE BORROWER & INDUSTRY AMOUNT* STRUCTURE & NOTES
O'Reilly Automotive Inc
Retailer/Auto Aftermarket Tools, Supplies, Accessories
Bank of America, Lehman Brothers
Lenders
1200.0 Revolver
Supports CSK Auto merger
Scientific Games International Inc
Supplier/Instant Tickets, Systems, Services
JPMorgan Chase Bank/J.P. Morgan Securities, Banc of America Securities
Admin Agent/Joint Lead Arrangers, Joint Bookrunners
800.0 $250MM Revolver/$550MM Term Loan
Matures on March 1, 2010/BofA, UBS Securities: co-syn agents/ING Capital, Bank of Tokyo: co-doc agents
KapStone Paper and Packaging Corp
Producer/Kraft Paper
LaSalle Bank, Banc of America Securities
Lenders
585.0 $100MM Revolver/$485MM Term Loan
Supports MeadWestvaco Kraft Division acquisition
KapStone Paper and Packaging Corp
Producer/Kraft Paper, Dunnage Bags
Bank of America 
Admin. Agent
555.0 Revolver
Supports North Charleston Kraft Division acquisition
W. W. Grainger Inc Lender
Supplier/Facilities Maintenance Products
Wachovia Capital Markets
Lender
500.0 Term Loan
Four-year term
Nortek Inc
Manufacturer/Ventilation, HVAC Products
Bank of America, Credit Suisse Cayman Islands Branch and Goldman Sachs Credit Partners
Lead Arrangers, Bookrunners
350.0 Revolver
Five-year term
Nash-Finch Company
Distributor/Food Products, Support Services
Bank of America
Admin Agent, Collateral Agent, Swing Line Lender, L/C Issuer
300.0 Revolver
Bank of Montreal: syn agent, joint lead arranger; U.S. Bank: documentation agent; BofA Securities: joint lead arranger, sole book mgr
SP Newsprint Co
Producer/Newsprint
GE Corporate Lending
Lender
275.0 Revolver
GE Capital Markets: arranger/Supports acquisition by private investors
Cott Corp
Provider/Retailer-brand Soft Drinks
J.P. Morgan Chase Bank, GE Capital
Admin Agent/Co-Collateral Agent
250.0 Revolver
Five-year term
Alcon Entertainment LLC
Developer, Producer/Movies, TV Programming
CIT Communications, Media & Entertainment
Sole Lead Arranger
245.0 $185MM Revolver/$60MM Mezzanine
CIT: co-bookrunner, JP Morgan Chase: co-bookrunner, administrative agent on revolver
Presidio Inc
Provider/IT Infrastructure, Services
PNC Capital Markets, JP Morgan Securities
Co-Arrangers - Revolver
240.0 $115MM Revolver/$125MM Receivables Securitization
Market Street Funding: A/R securitization
Textainer Ltd
Lessor/Intermodal Containers
Bank of America
Lead Lender
205.0 Revolver
Five-year term/Participants: Fortis Capital, Wells Fargo, KeyBank, Union Bank of California, among others
Intertape Polymer Group Inc
Manufacturer/Polyolefin Plastic, Paper-Based Packaging Product
Bank of America Business Credit
Lender
200.0 Revolver
Banc of America Securities: sole lead arranger, sole book manager
Consolidated Precision Products Corp 
Manufacturer/Components, Sub-Assemblies
CIT Bank
Lender
157.0 Revolver
Deal Source: Arlington Capital Partners/CIT Leveraged Finance - Transportation: co-documentation agent
Westmoreland Coal Company
Operator/Coal, Power Projects
PNC Capital Markets
Arranger
150.0 Revolving Credit Line/$125MM Term Loan
PNC Bank particpated in Revolving Credit Line/Refinances existing debt
California Pizza Kitchen Inc
Operator/Casual Dining Chain
Bank of America, JPMorgan Chase Bank
Admin. Agent/Syn Agent
150.0 Revolver
Five-year term/Banc of America Securities: sole lead arranger, sole book manager
Inteva Products LLC
Supplier/Automotive Interiors, Closure Systems
Wachovia Capital Finance
Co-Lead Arranger, Admin. Agent
145.0 Revolver
Capital Access Network Inc
Provider/Leveraging Edge Data, Systems, Technology
Wells Fargo Foothill, Brown Brothers Harriman
Lenders
140.0 Revolving Credit Line
Wells Fargo Foothill, Fifth Third Bank: commercial paper conduit
Anchor Drilling Fluids USA Inc
Provider/Drilling Fluids, Handling Services
CIT Energy
Co-Syndication Agent
139.5 Revolver/Term Loan
Deal Source: Castle Harlan
Cole Operating Partnership II LP
Investor/Single-, Multi-Tenant Properties
Banc of America Securities/JP Morgan Chase Bank/Bank of America
Lead Arranger/Syn Agent/Admin Agent
135.0 Revolver
Three-year term /U.S. Bank, Charter One, Comerica Bank participated
Kinney Drugs Inc
Operator/Drug Stores
GE Corporate Lending
Lender
125.0 Revolver
GE Capital Markets: arranger
VeraSun Energy Corp
Producer/Renewable Fuel
UBS Investment Bank
Lender
125.0 $40MM Letters of Credit
Maturity: May 30, 2011/Replaces previous $30MM facility
Sauder Woodworking Co
Manufacturer/Ready-to-Assemble Furniture
Bank of America Business Capital
Lender
120.0 Revolver
Banc of America Securities: underwriter
Griffon Corporation Telephonics Corp
Manufacturer/Garage Doors
J.P. Morgan Securities
Sole Lead Arranger, Sole Bookrunner
100.0 Revolver
Five-year term/ BofA, HSBC, M&T, Capital One, US Bank, Wachovia particpated
Value City Department Stores Inc
Operator/Discount Department Stores
National City Retail Finance
Lender
90.0 Revolver
OMNI Energy Services Corp
Provider/Integrated Services to Geophysical Companies
Fifth Third Bank
Lender
90.0 $25MM Revolver/$50MM Term Loan with $15MM Term Tranche
Refinances previous debt
Como Fred David Group
Operator/Women's Apparel Company
CIT Group
Lender
90.0 Revolving Credit Line/Term Loan
Supports recap by GB Merchant Partners, Crystal Capital
Zeledyne LLC
Owner/Glass Manufacturing Plants
Bank of America Business Capital
Lead Lender
80.0 Revolver
leveraged buyout of the glass operations of Automotive Components Holdings
Behringer Harvard
Operator/Commercial Real Estate
Bank of America Securities/Bank of America
Lead Arranger/Admin Agent
75.0 Revolver
Fifth Third Bank, BMO Capital Markets Financing: co-lenders
NATIXIS Financial Products Inc
Provider/Financial, Management Services
NewStar Financial
Lender
75.0 Warehouse Line
Maturity: May 22, 2009
Fox & Hound Restaurant Group
Operator/Entertainment Restaurants
GE Franchise Finance
Lender
73.8 Revolver
Supports Champps Americana acquisition
CL Wiring LP
Supplier/Railroad Signal Materials
Wachovia Capital Finance
Sole Lender
70.0 Revolver
Klipsch Group Inc
Manufacturer/audio products
Chase Business Credit
Lender, Syndicator
65.0 Term Loan/Canadian Sub-Limit
Supports combination of U.S., Canadian, European operations
M Space Holdings LLC
Provider/Modular Buildings
Siemens Financial Services
Lender
60.0 Revolver
Three-year term /U.S. Bank, Charter One, Comerica Bank participated
Astronics Corp
Provider/Lighting, Power Generation, Systems
HSBC Bank
Lead Lender
60.0 Revolver
BofA, KeyBank participated/Five-year term
Merix Corp
Manufacturer/Circuit Boards
Bank of America
Lender
55.5 Revolver
Five-year term/replaces previous facility with Bank of America
Merix Corp
Manufacturer/Circuit Boards
Bank of America Business Capital
Sole Lender
55.0 Revolver
Replaces previous facility
CHF Industries Inc
Manufacturer/Bedding, Bathroom Items, Window Coverings
CIT Commercial Services
Agent
50.0 Revolving Credit Line
MVC Capital
Provides/Long-term Debt, Equity Investment Capital
BB&T Company
Lender
50.0 Revolver
Two-year term
Summer Infant Inc
Distributor/Juvenile Health, Safety, Wellness Products
Bank of America
Lender
46.0 $36MM Working Capital/$10MM Acquisition Facility
Supports Kiddopotamus & Co. acquisition/Replaces previous facilities
InfoSonics Corp
Provider/Wireless Handsets, Accessories in Latin America
Wells Fargo Century
Lender
45.0 Revolver
Two-year term/Replaces previous facility
Robinson Steel Co Inc
Producer/Steel Sheet, Plate
Bank of America Business Capital
Lender
43.5 Revolver/Term Loan
Refinances previous debt
Exactech Inc
Developer/Orthopaedic Implant Devices
SunTrust Bank
Lead Agent
40.0 Revolving Credit Line
Five-year term/Compass Bank participated
Kyklos Bearing International Inc
Manufacturer/Wheel Bearings
Bank of America Business Capital
Lender
40.0 Revolver/Term Loan
Supports acquisition of Delphi's Wheel Bearings Division
MedPlast Inc
Manufacturer/Molded Plastic, Rubber Components
Monroe Capital, CIT Healthcare
Co-lender/Agent
39.0 Revolver
Supports acquisition by Baird Capital Partners
Lyon Workspace Products LLC
Manufacturer/Industrial Storage, Workspace Products
Capital One Leverage Finance
Lender
33.6 $24MM Revolving Credit Line/$9.559MM Term Loan
Term Loan: Three-year term
Trillion Communications Corp
Provider/Electronic Components
GE Commercial Distribution Finance
Lender
30.0 Revolver
Two-year term/Replaces previous facility
Jamba Inc
Holding Company/Jamba Juice Co.
Wells Fargo Foothill
Arranger, Admin. Agent, Lender
25.0 Revolver
Five-year term
Gulf Coast Machine & Supply Co
Manufacturer/Forgings
PNC Bank 
Lender
23.5 Revolver
Supports recap by Industrial Opportunity Partners
Wafer Reclaim Services LLC
Provider/Polishing, Cleaning Used Wafers
Bridge Finance Group
Lender
22.5 Revolver
$3MM Revolver/$9.5MM Term Loan/$10MM Acquisition Facility
Nudo Products Inc
Manufacturer/Laminated Panel Systems
NewStar Financial
Lead Arranger
22.0 $4MM Revolver/$18MM Term Loan
Supports acquisition by RFE Investment Partners and mgt/Lenders: First Bank, GarMark Advisors, Bank of NY
Nelson & Associates Interior Design and Space Planning Inc
Operator/Facilities Design, Consulting Firm
PNC Bank
Lender
20.9 $15MM Revolver/$4.1MM Term Loan/$1.75MM Term Overadvance
Rubio's Restaurants Inc
Operator/Restaurants
Pacific Western Bank
Lender
20.0 $5MM Revolving Credit Line/$15MM Non-Revolving Line
Hamilton Specialty Bar Inc
Manufacturer/Steel Bars
Wachovia Capital Finance
Sole Lender
20.0 Revolver
MAP Pharmaceuticals Inc
Developer/New Therapies for Children, Adults
Oxford Finance Corporation
Lead Lender
20.0 Working Capital Loan
Matures in October 2011/Silicon Valley Bank participated
Hamilton Specialty Bar Inc
Manufacturer/Steel Bars
Wachovia Capital Finance
Sole Lender
20.0 Revolver
ASC Signal Corp
Provider/Satellite Antennas, Electronic Subsystems, Solutions
PNC Bank
Lender
20.0 Acquisition Financing
Supports Andrew Satellite Communications Group acquisition
Transfac Capital LLC
Factor/Transportation Sector
Proficio Bank
Lender
17.5 Rediscount Facility
Phoenix Footwear Group Inc
Developer/Footwear, Accessories
Wells Fargo Bank
Lender
17.0 Revolver
Replaces previous facility with Manufacturers and Traders Trust
Freedom Medical Inc
Provider/Electronic Medical Equipment, Services
PNC Bank 
Lender
16.0 Revolver
Laureate Pharma Inc
Provider/Protein Production
PNC Bank
Lender
15.4 $9MM Revolver/$2.4MM Term Loan/$4MM CAPEX
Deal Source: Saints Capital
Depomed Inc
Provider/Pharmaceuticals
GE Healthcare Financial Services , Oxford Finance
Lenders
15.0 Revolver
Alliance Consulting Group Associates Inc
Provider/IT Solutions
PNC Bank
Lender
15.0 Revolver
Deal Source: Saints Capital
Somaxon Pharmaceuticals Inc
Provider/Specialty Pharmaceuticals
Oxford Finance, Silicon Valley Bank
Lender
15.0 Revolver
Berliner Communications Inc
Provider/Outsourced Services
PNC Bank
Lender
15.0 Revolver
Three-year term/Replaces previous facility with Presidential Financial
JT Shannon Lumber Co
Supplier/Hardwood
Wachovia Capital Finance
Sole Lender
15.0 Revolver
AeroGrow International Inc
Manufacturer/AeroGarden Products
First Capital/First National Bank
Lender
14.5 $12MM Revolving Credit Line/$1MM Credit Line
Company directors led $1.5MM standby commitment
Sunbelt Steel Texas Inc
Distributor/Steel Round Bar
PNC Bank
Lender
14.0 Revolver
Supports acquisition of company by Freestone Partners
House of Spices (India) Inc
Distributor/Ethnic Foods
PNC Bank
Lender
14.0 Revolver/Term Loan
Innatech LLC
Producer/Plastic Injection Molded Components
Bridge Finance Group
Lender
13.5 $8MM Revolving Credit Line/$5.5MM Term Loan
Supports refinancing of previous debt
Dave Carter & Associates Inc 
Distributor/RV Parts, Equipment
Wachovia Capital Finance
Sole Lender
13.0 Revolver/Term Loan
Morgan's Foods
Operator/YUM Brands, KFC Franchises
GE Franchise Finance
Lender
12.6 Revolver
ClearPoint Business Resources Inc
Provider/Workforce Management Solutions
ComVest Capital
Lender
12.0 $3MM Revolver/$9MM Term Loan
NWP Services Corp
Provider/Transaction Processing Solutions
ORIX Venture Finance/Comerica Bank
Lenders
11.5 $7.5MM Term Loan/$4MM Credit Line
Term Loan: Four-year term
Zoe's Kitchen
Operator/Restaurants
GE Franchise Finance
Lender
11.0 $10MM Revolver/$1MM Equity Investment
Supports development of approximately 50 company-operated restaurants
Cerus Corp
Provider/Biomedical Products 
Wells Fargo Bank
Lender
10.0 Revolving Credit Line
Replaces previous facility with Manufacturers and Traders Trust
Luna Innovations Inc
Manufacturer/New-Generation Products
Silicon Valley Bank
Lender
10.0 Revolving Credit Line
Four-year term
Hendricks Companies Inc
Operator/Building Supply Businesses
Bridge Finance Group
Lender
10.0 Revolving Credit Line
Sentinel Fluid Controls LLC
Distributor/Hydraulic, Lubrication Products
Marquette Business Credit
Lender
9.4 A/R Revolver/EquipTerm Loan/Cash-Flow Loan, Acquisition Line
Supports development of approximately 50 company-operated restaurants
DCL Medical Laboratories LLC
Provider/Clinical Trial Lab Services
Healthcare Finance Group
Lender
9.0 $5MM Revolver/$4MM Term Loan
Ronson Corp
Manufacturer/Consumer Products
Wells Fargo Business Credit
Lender
7.8 $4MM Revolving Credit Line/$2.9MM, $.83MM Term Loans
Replaces previous facilities with CIT Comm'l, EPIC Aviation, Bank of the West, BofA Leasing
Alden Healthcare and Senior Living
Provider/Therapy Services, Equipment, Supplies
Gemino Healthcare Finance
Lender
7.5 Revolver/Term Loan
Replaces previous facility with Manufacturers and Traders Trust
Atlantis Systems Corp
Provider/Training
ComVest Capital
Lender
6.6 $4MM Revolving Credit Line/$2.6MM Term Loan
Term Loan: Three-year term
Global Med Technologies Inc
Provider/E-Health, Medical IT
Silicon Valley Bank
Lender
6.0 Revolver
Supports acquisition of Inlog, SA, Inlog, SAS, and its German subsidiary
Solicore Inc
Supplier/Electrolyte Batteries
BlueCrest Capital Finance
Lender
5.0 Debt Financing
Genesis Financial Services Fund LLC
Mezzanine Debt Fund
Proficio Bank
Lender
5.0 Credit Line
Teletouch Communications Inc
Provider/U.S. Cellular, Radio, Services
Thermo Credit
Lender
5.0 Revolver
Two-year term/ Replaces previous factoring facility
HemaCare Corp
Provider/Blood Products, Services
Wells Fargo Business Credit
Lender
5.0 $4.75MM Revolving Credit Line/$.25MM Credit Line
Three-year term/Replaces facility with Comerica Bank
WBS Connect
Provider/Technology Services
Silicon Valley Bank
Lender
3.5 Revolver
Supports expansion
Solar Power Inc
Provider/Solar Energy Solutions
Bridge Bank
Lender
3.0 Credit Line
Digital Lightwave Inc
Provider/Deployment, Management of High-Performance Networks
Optel Capital
Lender
2.5 Credit Line
Physicians Choice LLC
Provider/Home Health Services
Marquette Business Credit
Lender
2.1 $.5MM A/R Revolver/$1.6MM Term Loans
Grant Family Farms
Provider/Organic Vegetables
Bridge Finance
Lender
2.0 Revolving Credit Line
SupportCare Inc
Provider/Home Healthcare
Gemino Healthcare Finance
Lender
2.0 Revolver
Enterprise Tool and Die Inc
Manufacturer/Metal Stamping Dyes
Marquette Business Credit
Lender
2.0 $2MM Revolving Credit Line
Supports North Central Equity subsidiary acquisition
CHDT Corp
Provider/Management Services
Sterling National Bank
Lender
2.0 Credit Line
Mid-West Tech Inc
Supplier/Technical Software, Hardware, Training Equipment
Bridge Business Bancorp
Lender
2.0 SBA 7(a) Term Loan
CareAnyware Inc
Provider/Software-as-a-Service Applications
Saas Capital
Lender
2.0 Revolver
Draught Technologies LLC, SJS Properties LLC
Manufacturer/Draught Dispensing Equipment
Bridge Business Bancorp
Lender
1.9 SBA 7(a) Term Loan
Supports future acquistions, refinancing of previous debt
Post Press Productions Inc (d/b/a P3 Inc)
Provider/Mailing, Metering, Stamping, Related Services
Bridge Business Bancorp
Lender
1.8 SBA 7(a) Term Loan
Refinances previous debt
KEC LLC (dba I-70 Wrecker Service & Garage)
Provider/24-hour Wrecker Service
Bridge Business Bancorp 
Lender
1.5 SBA 7(a) Term Loan
Flight Test Associates Inc
Provider/Aircraft Services
Bridge Business Bancorp 
Lender
1.4 SBA 7(a) Term Loan
Stran Technologies
Manufacturer/Fiber Optics, Connectors, Systems
Sovereign Business Capital
Lender
1.1 Revolving Credit Line
Supports future acquistions, refinancing of previous debt
Reliant Molding Inc
Provider/Plastic Molding Services
Keltic Financial Services
Lender
1.0 Revolving Credit Line
Dial 023 GmbH
Provider/Long Distance
Thermo Credit
Lender
1.0 Revolver
Gomez Packaging Corp
Manufacturer/Finish Packaging
Bridge Business Bancorp 
Lender
0.6 SBA 7(a) Term Loan
Limpert Brothers Inc
Manufacturer/Original Marshmallow Fluff, Dessert Toppings
Marquette Commercial Finance
Lender
0.3 Revolver