Deal Charts

ABL Deal Chart 2009 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/1/09 through 9/30/09.

LENDER(S) & ROLE BORROWER & INDUSTRY AMOUNT* STRUCTURE & NOTES
Unisource Worldwide Inc
Distributor/Paper, Packaging, Facility Supplies
Banc of America Securities/Wells Fargo Foothill/GE Capital Markets
Lead Lenders
575.0 Revolver
BCBG Max Azria Group Inc
Retailer/Women's Apparel, Accessories
GE Capital, Corporate Retail Finance 
Co-Collateral Agent
403.0 Revolver
SunGard Data Systems Inc
Provider/Software, IT Services
GE Capital
Lender
316.0 A/R Securitization Facility
GE Capital Markets: sole lead arranger
Rite Aid Corp
Retailer/Drugstores
GE Capital Corporate Retail Finance
Lender
290.0 Revolving Credit Line
GE Capital Markets: joint lead arranger/Funding part of overall $1B ABL
SKECHERS USA Inc
Designer/Footwear
Wells Fargo Foothill/Bank of America
Co-Lead Arrangers
250.0 Revolver
Four-year term/CIT, U.S. Bank, HSBC Business Credit, PNC, Union Bank, Capital One Leverage Finance participated
American Campus Communities Inc
Developer, Owner/High-Quality Student Housing Communities
KeyBank
Admin Agent
225.0 Revolver
Three-year term/Funds acquisitions
CORE Financial Group LLC
Provider/ABL, Venture Debt, Middle-Market Lease Facilities
Autobahn Funding Company
Lender
225.0 Revolver
Four-year term/Facility was increased by $100MM/Supports ABL platform growth
Kaman Corp
Covers/Aerospace, Industrial Distribution Markets
Bank of America/The Bank of Nova Scotia/RBS Citizens
Co-Lead Arrangers
225.0 Revolver
Three-year term/JPMorgan Chase, KeyBanc, TD Bank, BB&T, Fifth Third, Webster Bank, others participated
Charming Shoppes Inc
Retailer/Women's Apparel
Wells Fargo Retail Finance/Bank of America Merrill Lynch
Joint Lead Arrangers, Joint Bookrunners
225.0 Revolver
Three-year term/GMAC Comm'l Finance, JPMorgan Chase, U.S. Bank, Barclays Bank participated
Entertainment Properties Trust
Developer/Properties
KeyBank
Agent
215.0 Revolver
1.5-year term/Replaces existing revolver
Texas Industries Inc
Supplier/Building Materials
Bank of America Business Capital
Lender
200.0 Revolver
Refinances existing debt
Quiksilver Inc
Manufacturer/Apparel, Footwear
GE Capital, Corporate Retail Finance
Collateral Agent
200.0 Revolver
GE Capital Markets: co-lead arranger
Sotheby's
Provider/Art Auction, Private Sales, Financing
GE Capital/HSBC Bank
Agent, Lender/Joint Lead Arranger, Joint Bookrunner
200.0 Revolver
Three-year term/GE Capital Markets: Joint Lead Arranger, Joint Bookrunner
Methanex Corp
Supplier/Methanol
RBC Capital Markets
Arranger
200.0 Revolver
Two-and-a-half-year term/Replaces existing revolver
Quiksilver Inc
Producer/Apparel
Bank of America/GE Capital
Joint Lead Arrangers
200.0 Revolver
Three-year term/Rhône also provided five-year $150MM term loan
Omega Healthcare Investors Inc
Investor/Long-Term Care Industry
Banc of America Securities/Deutsche Bank Trust Co Americas
Joint Lead Arrangers
200.0 Revolver
Three-year term/BofA: admin agent; UBS Securities, GE Capital also participated
First Capital
Provider/Financial Services
DZ BANK
Lender
175.0 Revolver
Supports future funding
CIBER Inc
Provider/Pure-Play System Integration Consultancy 
Bank of America
Admin Agent, Swing Line Lender, L/C Issuer
155.0 $105MM Revolving Credit Line/$50MM Term Loan
Three-year term/BofA Securities, BBVA Compass Bank: jt lead arrangers, co-bookrunners
Kumho Tire USA Inc
U.S. Distributor/South Korea-based Kumho Tire Co
GE Capital, Corporate Finance
Admin Agent
151.0 Revolver
GE Capital Markets: co-lead arranger
Smithfield Foods Inc
Processor/Pork
GE Capital Corporate Finance
Lender
150.0 Revolver
Three-year term/GE Capital Markets: joint bookrunner/Part of $1B facility provided by JPMorgan
American Dental Partners Inc
Business Partner/Dental Group Practices
KeyBank/RBS Citizens/Bank of America
Lead Lenders
130.0 $50MM Revolver/$80MM Term Loan
TD Bank, Regions Bank, CapitalSource participated/Retires existing revolver, term loan
Univita Health Inc
Provider/Home-Based Healthcare
GE Capital Healthcare Financial Services
Admin Agent
97.5 Revolver
GE Capital Markets: sole bookrunner, co-lead arranger/Refinances existing debt
Kelly Services Inc
Provider/Staffing Services
J.P. Morgan Chase
Lead Lender
90.0 Revolver
Three-year term/J.P. Morgan Securities: lead arranger, sole bookrunner
Syms Corp
Operator/Off Price Apparel Retail Chain
Bank of America
Admin Agent, Collateral Agent, Sole Lender, LOC Issuer
75.0 Revolver
Three-year term/Replaces facility with Israel Discount Bank of New York
Cedar Creek Inc
Distributor/Lumber, Manufactured Wood
Bank of America Business Capital
Lender
55.0 Revolver
Refinances existing debt/ClearRidge Capital: advisor
Eastern Mountain Sports
Retailer/Outdoor Apparel, Gear
Wells Fargo Retail Finance
Lender
50.0 Revolver
Three-year term/Rhône also provided five-year $150MM term loan
American Biltrite Inc
Operator/Flooring, Industrial & Jewelry Businesses
Wachovia/FGI Finance
Lender
42.0 Wachovia: $38MM Revolver, Term Loan/FGI: $4MM Revolver
Replaces existing credit agreement
Purchasing Power LLC
Provider/Employee Product Purchase Program
Bank of America Business Capital
Lender
40.0 Revolver
Facility contains a $20 million accordion feature
Heritage Auction Galleries Inc
Auctioneer/Collectibles
Wells Fargo Business Credit
Lender
35.0 Credit Line
Support auction, sales operations/Replaces previous credit line with Sovereign Precious Metals
AccentCare Inc
Provider/Home Healthcare Services
CapitalSource
Lender
35.0 $25MM Revolving Credit Line/$5MM Term Loan/$5MM Acquisition Line
Refinances existing debt
Auxilium Pharmaceuticals Inc
Provider/Specialty Biopharmaceuticals
Silicon Valley Bank
Lender
30.0 Revolving Credit Line
Two-year term
The Wornick Co.
Supplier/Ready-to-Eat Meals
PNC Bank
Lender
30.0 Revolver
Refinances existing debt
Wise Foods Inc
Manufacturer/Salty Snacks
GMAC Commercial Finance/Siemens Financial Services
Lender, Arranger/Lender, Syndication Agent
25.0 Revolving Credit Line/Term Loan
Supports growth
AccessOne MedCard Inc
Provider/Alternative Hospital Payment Programs
GE Capital Healthcare Financial Services
Lender
25.0 Revolver
GE Capital Markets: sole lead arranger, sole bookrunner
AHMC Healthcare Inc
Operator/Acute Care Hospitals
Healthcare Finance Group 
Lender
17.5 Revolver
Financing is for affiliated entity of company
HIOSSEN Inc
Producer/Surgical Dental Implants
Citibank 
Lender
16.0 Revolver
Supports U.S. manufacturing, distribution system expansion
StarTek Inc
Provider/Business Process Outsourcing Services
UMB Bank Colorado 
Lender
15.0 Revolver
Replaces previous $10MM facility with Wells Fargo
Transcend Services Inc
Provider/Medical Transcription Services
Regions Bank
Lender
12.0 $5MM Revolver/$7MM Term Loan
Term Loan: Four-year term/Portion supports Medical Dictation Services acquisition
Pandora Media Inc
Provider/Internet Radio
Bridge Bank Technology Banking Division
Lender
10.0 Credit Line
Supports growth
NewPath Networks LLC
Developer/Fiber-Fed Wireless Carrier Networks
Square 1 Bank
Lender
10.0 Credit Line
Supports expansion of DAS networks
Novis Pharmaceuticals LLC
Distributor/Specialty Therapeutics
CapitalSource
Lender
10.0 Revolver
Meridian Sports Clubs California LLC
Operater/Middle-Market Health Clubs
Praesidian Capital Investors
Lender
10.0 Revolver
FocalPoint Partners: advisor
American Tack & Hardware Co
Distributor/Electrical, Lighting Products
PNC Bank
Lender
10.0 Revolver
Supports acquisition by Synergy Enterprises
AJC Logistics, LLC
Provider/Transportation Solutions
RBS Business Capital
Lender
10.0 Revolver
MiddleBrook Pharmaceuticals Inc
Developer/Anti-Infective Products
Silicon Valley Bank
Lender
10.0 Revolving Credit Line
Two-year term
Axium Healthcare Pharmacy Inc
Provider/Therapy-Management Programs
Gemino Healthcare Finance
Lender
9.5 $7MM Revolving Credit Line/$2.5MM Term Loan
Refinances existing debt
The Swan Corp
Manufacturer/Fiberglass Products
First Capital
Lender
9.2 $7.5MM Revolving Credit Line/$1.65MM Term Loan
inContact Inc
Provider/On-Demand Contact Center Software
Zions First National Bank
Lender
8.5 Revolving Credit Line
Two-year term/Replaces previous credit line
VisionQuest National Ltd
Provider/Behavioral Health, Education Programs
Gemino Healthcare Finance
Lender
7.5 Revolving Credit Line
Pays off existing debt
Texana Security LLC
Provider/Security Alarms
CapitalSource Security Lending Group
Lender
7.0 Revolver
Three-year term/Supports future acquisitions
EnduraCare Acute Care Services LLC
Provider/Therapy Program Management
Gemino Healthcare Finance
Lender
6.5 $4MM Revolving Credit Line/$2.5MM Term Loan
Williams Metals and Welding Alloys Inc
Supplier/Various Metals & Alloys
Sovereign Business Capital
Lender
6.1 $6MM Revolving Credit Line/$.1MM CAPEX Credit Line
Ramtron International Corp
Designer/Semiconductors
Silicon Valley Bank
Lender
6.0 Revolving Credit Line
Two-year term/Replaces existing $4MM line
Vinvision Inc
Distributor/Wine
Bridge Bank
Lender
6.0 Term Loan
Supports funding for new warehouse
Wise Components Inc
Provider/Voice, Data Products
Sovereign Business Capital
Lender
5.5 Revolving Credit Line
Supports growth
E2 Consulting Engineers Inc
Provider/Professional Services
Bridge Bank
Lender
5.5 Accounts Receivable Credit Line
Two-year term/Replaces existing $4MM line
Gamma Medica-Ideas Inc
Developer/Digital Molecular Imaging Systems
Bridge Bank
Lender
5.0 Revolving Credit Line 
Psilos Group, Capital Resource Partners provided $14MM equity/$5MM mezzanine debt
Vx Capital Partners
Investment Firm/Aircraft, Aviation Assets
Bridge Bank
Lender
5.0 Revolver/Term Loan
Supports expansion of aircraft, engines investments
ACM Aviation LLC
Provider/Aircraft Management, Charter Services
Bridge Bank
Lender
5.0 Revolver
Supports its expansion efforts
Laurand Associates Inc
Distributor/Aluminum Raw Material
Sterling National Bank
Lender
4.5 Revolving Credit Line
Recover Health
Provider/Home Healthcare Services
Gemino Healthcare Finance
Lender
4.5 $3MM Revolving Credit Line/$1.5MM Term Loan
Supports acquisition of Recover Health
eMagin Corp
Provider/OLED Technology
Access Business Finance
Lender
3.0 Credit Line
Provides additional financing for capital program
Implant Sciences Group
Supplier/Homeland Security Systems, Sensors 
DMRJ Group
Lender
3.0 Revolving Credit Line
Supports product building
iWeb Group Inc
Provider/Internet Hosting Services
BMO Bank of Montreal
Lender
3.0 Revolver
Supports fund servers
Metron Aviation Inc
Provider/Aircraft Traffic Flow Mgt Products
Bridge Bank
Lender
3.0 Revolver
Supports company growth
Codon Devices Inc
Operator/Biotechnology Firm
GE Healthcare Financial Services
Lender
3.0 Revolver
Supports growth
PokerTek Inc
Manufacturer/Automated Poker Tables
Silicon Valley Bank
Lender
2.5 Revolver
One-year term
Ecology Roof Systems Corp
Distributor/Environmentally Friendly Roofing Products
Keltic Financial Services
Lender
2.5 Revolving Credit Line
Crocs Inc
Manufacturer/Footwear
PNC Business Credit
Lender
0.0 Revolver