Deal Charts

ABL Deal Chart 2010 Q4

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

Operator/Applebee's, IHOP restaurants
Barclays Bank/Raymond James Realty/Barclays Capital
Admin Agent/Doc Agent/Jt Lead Arranger, Jt Book Manager
950.0 $50MM Revolver/$900MM Term Loan
Revolver: Five-year term/Term loan: Seven-year term/Goldman Sachs: Jt lead arranger, joint book manager, syn agent
Provider/Interactive Communications, Entertainment Services
Credit Suisse, SunTrust Robinson Humphrey
Joint Lead Arrangers, Joint Bookrunners
770.0 $50MM Revolver/$175MM Term Loan A/$545MM Term Loan B
Term loans support Sunflower Broadband acquisition
CACI International
Provider/Professional Services, IT
Bank of America Merrill Lynch
Admin Agent, Joint Bookrunner
750.0 $600MM Revolver/$150MM Term Loan
Five-year term/JP Morgan Chase Bank affiliates, SunTrust, Citizens Bank of PA, Wells Fargo Bank: Joint bookrunners
Vishay Intertechnology
Manufacturer/Semiconductors, Passive Electronic Components
JPMorgan Chase Bank/J.P. Morgan Securities
Admin Agent/Lead Arranger, Jt Bookrunner
450.0 Revolver
Five-year term/Comerica, Bank Leumi USA: Jt bookrunners, co-syn agents
Bristow Group
Provider/Helicopter Services
SunTrust Bank
Admin Agent 
375.0 $175MM Revolver/$200MM Term Loan
Five-year term/JPMorgan Chase, BofA, Wells Fargo, Regions Bank, BBVA Compass: Senior lenders
O'Neal Steel
Full-Line Metal Service Center
U.S. Bank Asset Based Finance
Admin Agent, Lead Bookrunner 
350.0 Revolver
Four-year term/Supports growth
TeleTech Holdings 
Provider/Business Process Outsourcing, Revenue Generation
Lead Bank
350.0 Revolver
Five-year term/Wells Fargo, BofA Merrill Lynch, JPMorgan Chase, others participated
Alliance Laundry Systems
Manufacturer/Commercial Laundry Products
BMO Capital Markets, Morgan Stanley Senior Funding
Co-Syndication Agents
345.0 $60MM Revolver/$285MM Term Loan
Revolver: Five-year term/Term loan: Six-year term/Bank of Nova Scotia, PrivateBank: Co-doc agents/BofA: Admin agent, lender
Delphi Financial Group
Provider/Integrated Employee Benefit Services
Bank of America Merrill Lynch, U.S. Bank
Joint Lead Arrangers, Book Managers
300.0 $175MM Revolver/$125MM Term Loan
Revolver: Three-year term/Term loan: Five-year term/Replaces existing $350MM facility
Buckeye Technologies
Manufacturer/Specialty Fibers, Non-Woven Materials
Bank of America 
Left Lead Arranger, Admin Agent
300.0 Revolver
Five-year term/J.P Morgan, Regions Bank: Joint lead arrangers/RBS Citizens Bank: Syn agent
Thompson Creek Metals Co
Mining Company
JPMorgan Chase Bank/Royal Bank of Canada
Admin Agent/Syn Agent
290.0 Revolver
Four-year term/J.P. Morgan Securities, RBC Capital Markets: Jt bookrunners, jt lead arrangers
Provider/Medical Technology
JP Morgan Chase Bank
Admin Agent 
250.0 Revolver
Five-year term/J.P. Morgan Securities, Merrill Lynch: Joint lead arrangers, joint bookrunners
Lightower Fiber Networks
Provider/Fiber Network, Broadband Services 
GE Capital Media, Communications & Entertainment
Admin Agent
230.0 $40MM Revolver/$190MM Term Loan
GE Capital Markets: Lead left bookrunner/Portion used in Lexent Metro Connect acquisition
Interline Brands
Provider/Maintenance, Repair, Operations Products
JPMorgan Chase
Admin Agent
225.0 Revolver
Five-year term
Titan Machinery 
Operator/Agricultural, Construction Equipment Stores
Wells Fargo Securities
225.0 Revolver
Wells Fargo Bank, BofA, CoBank, U.S. Bank, Bank of the West, Bremer Bank participated/Repays facility with GE Comm'l Distribution Finance
Provider/Integrated Clinical Documentation Solutions
GE Capital/SunTrust Bank
Admin Agent/Syn Agent
225.0 $25MM Revolver/$200MM Term Loan
Refinances debt/Supports acquisition of Spheris assets
Hersha Hospitality Trust
Real Estate Investment Trust
TD Bank/TD Securities (USA)
Sole Admin Agent/Lead Arranger, Book Manager
225.0 Revolver
Three-year term/Replaces existing $135MM credit facility
The Dolan Company
Provider/Services, Business Information
U.S. Bank/Wells Fargo Ban
Lead Bank/Syn Agent
205.0 Revolver
Five-year term/Associated Bank, BofA, Bank of the West, Comerica Bank participated
International Automotive Components Group NA
Supplier/Automotive Parts
GE Capital, Corporate Finance
200.0 Revolver
GE Capital Markets: Sole lead arranger
Massey Energy
UBS Securities/Deutsche Bank Securities
Sole Lead Arranger/Co-Syn Agent
200.0 Revolver
Capital One Lev Finance: Doc agent, CIT: Coll agent, co-syn agent, UBS: Admin agent, UBS Loan Finance: Swing-line lender
Shuffle Master
Provider/Gaming Supplies
Wells Fargo Securities, Banc of America Securities 
Joint Lead Arrangers, Bookrunners
200.0 Revolver
Wells Fargo: Admin agent, L/C issuer, swing line lender/BofA: Syn agent/Union Bank: Doc agent/Compass Bank, Comerica participated
Symmetry Medical
Provider/Orthopedic Implants, Instruments
J.P. Morgan Securities, Wells Fargo Bank Securities
Joint Lead Arrangers, Joint Bookrunners 
200.0 Revolver
Five-year term/JPMorgan Chase: Admin agent/Wells Fargo: Syn agent/BofA, Fifth Third, PNC: Co-doc agents/Periculum Capital Co: Placement agent
PC Mall 
Provider/Technology Products, Services
Wells Fargo Capital Finance/Merrill Lynch/Bank of America
Admin Agent, Coll Agent/Co-Ld Arranger, Co-Bookrunner/Syn Agent
180.0 Revolver
4.25-year term/PNC Bank participated
Myers Industries
Manufacturer/Polymer Products
J.P. Morgan Securities and Key Banc Capital Markets
Joint Arranger
180.0 Revolver
Five-year term/JPMorgan Chase Bank: Admin agent
Provider/Specialty Pharmacy, Home Care Products
Healthcare Finance Group 
Lender, Agent
150.0 Revolver
RBC Bearings
Manufacturer/Plain, Roller, Ball Bearings
JPMorgan, KeyBanc Capital Markets
Co-Lead Arrangers
150.0 Revolver
Five-year term/BofA, Wells Fargo, RBS Citizens, Fifth Third participated
Big 5 Sporting Goods
Retailer/Sporting Goods
Wells Fargo Capital Finance/Wells Fargo Bank/Bank of America
Arranger/Admin Agent, Collateral Agent/Doc Agent
140.0 Revolver
Four-year term/PNC Bank, Union Bank participated/Repays facility with CIT Group/Business Credit, others
EasyLink Services International 
Provider/Messaging Services, E-Commerce Solutions
SunTrust Bank
Lead Lender
130.0 $20MM Revolver/$110MM Term Loan
Supports Xpedite Systems acquisition
Starwood Property Trust
Commercial Real Estate Finance Company
Bank of America 
125.2 Revolver
Three-year term/Goldman Sachs Mortgage Co. provided $150MM warehouse facility
Einstein Noah Restaurant Group 
Operator/Casual Restaurants
Bank of America/Wells Fargo Bank
Admin Agent/Syn Agent
125.0 Revolver
BofA Securities, Wells Fargo Bank: Co-lead arrangers, co-book managers
Quality Technology Services 
Provider/Data Centers, Managed Services
KeyBank/KeyBanc Capital Markets
Arranger, Admin Agent/Lead Arranger
125.0 Revolver
Citibank, Credit Suisse, Deutsche Bank Trust Co Americas, RBC participated
Michael Baker Corp.
Provider/Architecture, Engineering, Construction Services
Citizens Bank of Pennsylvania 
Lead Bank
125.0 Revolver
PNC Bank, Wells Fargo participated/Supports future acquisitions
Huttig Building Products
Distributor/Millwork, Building Materials, Wood Products
GE Capital, Corporate Finance
120.0 Revolver
GE Capital Markets: Co-lead arranger/Refinances an existing credit facility
Provider/Web, Data, E-Mail Security
Bank of America/Banc of America Securities, KeyBank
Lead Lender/Arrangers
120.0 Revolver
Five-year term/Refinances previous debt
Community Education Center
Provider/Offender Reentry, In-Prison Treatment Services
Wells Fargo Capital Finance 
105.0 $40MM First Lien Revolver/$65MM First Lien Term Loan
Four-year term/Ares Capital, TPG Opportunities Partners provided $130MM second lien term loan
AFC Enterprises 
Franchisor, Operator/Popeyes Restaurants
JPMorgan Chase Bank/J.P. Morgan Securities, Merrill Lynch
Admin Agent/Jt Lead Arrangers, Jt Bookrunners
100.0 $60MM Revolver/$40MM Term Loan 
Five-year term/Bank of America: Syndication agent
GOJO Industries
Manufacturer/Skincare Products, Dispensing Systems
PNC Bank, Steel City Capital Funding 
100.0 Revolver
Supports PURELL brand name acquisition /Refinances existing debt
National Health Investors
Healthcare Real Estate Investment Trust
Regions Bank
100.0 $50MM Revolver/$50MM Term Loan
Revolver: Three-year term/ Term loan: Five-year term/Replaces previous $100MM facility
Vertellus Specialties
Manufacturer/Specialty Chemicals
PNC Bank
Admin Agent
85.0 Revolver
Four-and-a-half-year term
Morton's Restaurant Group 
Operator/Company-Owned Upscale Steakhouses
Goldman Sachs Bank USA
70.0 $10MM Revolver/$60MM Term Loan
Five-year term/Replaces previous $70MM credit facility
Great Lakes Home Health and Hospice
Provider/Home Healthcare, Hospice Care 
CIT Healthcare and CIT Capital Markets
Admin Agent, Sole Bookrunner, Joint Lead Arranger
68.5 Revolver
Supports In-House Hospice acquisition/CIT Bank provided $15MM/Deal source: Pouschine Cook Capital Management
National Technical Systems
Provider/Engineering Services
Comerica Bank
Admin Agent, Joint Lead Arranger, Bookrunner
65.0 $25MM Revolving Credit Line/$20MM Term Loan/$20MM Acquisition Line
Five-year term/U.S. Bank: Jt lead arranger, syn agent/Bank of the West also participated
Sport Chalet
Retailer/Sports Equipment, Apparel, Accessories
Bank of America
65.0 Revolver
Four-year term
The Pasha Group
Provider/Transportation Services
Wells Fargo 
64.0 $35MM Revolver/$7MM Term Loan/$12MM Real Estate Loan/$10MM Commitment Letter
Arch Aluminum & Glass
Distributor/Architectural Glass, Aluminum Products
Burdale Capital Finance
Co-Lead Arranger
55.0 Revolver/Term Loan 
Three-year term/BofA: Co-lead arranger, agent/Repays previous loan
Gladstone Commercial 
Real Estate Investment Trust
Capital One
50.0 Revolving Credit Line
Three-year term/BB&T: Lender/Replaces $50MM revolving credit line with KeyBank as agent
Celadon Group 
Provider/Long Haul Freight Services
Bank of America
Lead Arranger
50.0 Revolver
Five-year term/Wells Fargo Bank participated/Refinances existing credit facility
Hampshire Group 
Provider/Women's, Men's Apparel
Wells Fargo Capital Finance
50.0 Revolver
Four-year term/Replaces previous $48MM asset-based revolver
Wise Foods
Manufacturer/Salty Snack Foods
Ally Commercial Finance/Siemens Financial Services
Lender, Arranger/Lender, Syn Agent
48.0 Revolving Credit Line/Term Loan
Deal source: Palladium Equity Partners/Refinances existing debt
Sleep Innovations
Manufacturer/Advanced Foam Comfort Solutions
Wells Fargo Capital Finance
Sole Agent
45.0 Revolver
Four-year term/Supports refinancing strategy
BFG Supply Company
Distributor/Greenhouse, Nursery Supplies 
42.5 $35MM Revolver/$7.5MM Term Loan
Supports acquisition by Tricor Pacific Capital
Planet Fitness
Owner, Operator/Fitness Centers
GE Capital, Corporate Finance
40.0 Revolver
GE Capital Markets: Sole lead arranger/Supports growth
Provider/Compound Semiconductor-Based Components, Subsystems
Wells Fargo
35.0 Revolver
Three-year term/Replaces previous $14MM revolver with BofA
Alimera Sciences
Provider/Prescription Ophthalmic Pharmaceuticals
MidCap Financial/Silicon Valley Bank
32.5 $20MM Revolving Credit Line/$12.5MM Term Loan
SVB provided revolver/Both provided term loan
HHI Group Holdings
Manufacturer/Highly Engineered Forged Components 
Bank of America Merrill Lynch
Sole Lead Arranger
30.0 Term Loan
Supports company recap
System One Holdings
Provider/Engineering, Technical Staffing Services
PNC Bank
25.0 Revolver
Funds also went to affiliate Utility Partners of America/Refinances existing debt
Enhanced Oil Resources
Provider/Oil, Natural Gas Exploration
Regions Bank
25.0 Revolver
Three-year term
Multi-Media Retailer
Crystal Financial
Lead Lender
25.0 Five-year term/Replaces previous $20MM revolver
Vishay Precision Group
Producer/Sensors, Sensor-Based Systems
JPMorgan Chase Bank/RBS Citizens
Agent/Joint Bookrunner
25.0 Revolver
Video Display
Provider/Innovative Display Technology
RBC Bank
Admin Agent
24.0 $17.5MM Revolver/$6.5MM Term Loans 
Three-year term/Georgia's Community & Southern Bank participated
Compass Automotive Group
Manufacturer/Safety-Critical Automotive Components
LBC Credit Partners 
24.0 Term Loan
Deal source: Monomoy Capital Partners/Supports refinancing
P&F Industries
Manufacturer/Air-Powered Tools
Capital One Leverage Finance
22.0 $15.91MM Revolver/$6.09MM Term Note
Three-year terms/Replaces previous facility with Citibank, HSBC Bank USA
Millennium Management
Investment Management Firm
CapitalSource, CapitalSource Healthcare Credit Group
20.6 $6MM Revolver/$14.56MM Term Loa
Storage Products Group
Provider/Storage Solutions
PNC Bank
20.0 Revolver
Supports management buyout/Pegasus Capital participated
eVestment Alliance
Provider/Financial Industry's Institutional Investment Database
Silicon Valley Bank
19.0 Revolving Credit Line/Term Loan
Supports expansion, product development
Keystone Powdered Metal Company
Manufacturer/Powdered Metals Products
Huntington Bank Asset Based Group 
18.0 Revolver
SnF Management
Provider/Healthcare Services
Oxford Finance 
16.0 Revolving Credit Line/Term Loan
Supports purchase of additional properties in CA
Commercial Solutions
Distributor/Bearings, Power Transmission Equipment, Products
Bank of America
16.0 Revolver
Three-year term/Replays previous facility
Lighting Science Group
Manufacturer/LED Lighting Solutions
Wells Fargo Capital Finance
15.0 Revolver
Three-year term
Global Telecom & Technology
Provider/Internet, Managed Data Solutions
Silicon Valley Bank
15.0 $5MM Revolving Credit Line/$10MM Term Loan
Revolver: Two-year term/Term loan: Five-year term/Refinances, repays previous debt
Adams Produce Company
Distributor/Specialty Produce, Food Products
10.5 $7.5MM Revolving Credit Line/$3MM Term Loan
Deal source: CIC Partners/Supports company recap
Seller, Recycler/Used Cell Phones, Pagers, Other Handheld Electronics
Huntington Bank Asset Based Group 
10.0 Revolver
Care Realty
Real Estate Company
CapitalSource, CapitalSource Healthcare Credit Group
9.0 Revolver
Bacterin International Holdings
Developer/Bone Graft Material, Anti-Infective Coatings
Western Technology Investment
8.0 Revolver
Middlebury Securities: Placement agent/Bridge Bank also provided $5MM in A/R financing
MSM Holding Co/Bellwright Industries
Manufacturer/Metal Components 
Keltic Financial Services
6.5 $3.5MM Revolving Credit Line, $1.5MM Term Loan/$1.5MM Revolving Credit Line
$1.5MM Revolver went to Bellwright, other debt to Mid-State Machine
New England Office Supply
Distributor/Office Products, Furniture
Webster Bank
5.6 $5MM Revolver/$.6MM Equipment Financing
Coast Radio Company
Operator/Radio Stations
Bridge Bank
5.0 $4.5MM Term Loan/$.5MM Credit Line
AdCare Health Systems
Provider/Senior Living, Healthcare Facility Management
Gemino Healthcare Finance
5.0 Revolving Credit Line
Monroe Staffing Services
Provider/Temporary Staffing, Permanent Placement 
Sterling Resource Funding 
5.0 Credit Line
EnergyConnect Group
Provider/Smart Grid Demand Response Services
Silicon Valley Bank, Partners for Growth
4.0 Revolving Credit Line
One-year term
Black Box Distribution
Distributor/Skateboard-Lifestyle Shoes, Apparel, Skateboards
Marquette Business Credit 
4.0 Revolver
Refinances existing facility/Supports growth
Azure Dynamics
Manufacturer/Hybrid Electric, Electric Components, Powertrains
Silicon Valley Bank
4.0 Credit Line
Two-year term
Operator/Cord Blood Stem Cell Banks
Peninsula Bank Business Funding
2.5 Working Capital Line of Credit
Southern Pines Trucking
Provider/Transporting Hazardous, Radioactive Materials
Transportation Alliance Bank
2.0 Revolver
American Power Group
Provider/Duel Fuel Technologies
Iowa State Bank
2.0 Revolving Credit Line
Provider/Fabric, Draperies, Custom Fabrication
Sterling National Bank
1.9 Revolving Credit Line
Replaces existing lender
Bethel Health & Rehabilitation Center
Provider/Health, Rehab Services
CapitalSource, CapitalSource Healthcare Credit Group
1.4 Revolver
Communications III
Provider/Visual Communication Networks
Thermo Credit
0.9 Revolver
Expands operations
Convo Communications
Provider/Video Relay Services for Deaf
Bridge Bank
0.5 Credit Line
All Access Telecom
International Wholesale Carrier
Thermo Credit
0.3 Revolver
Supports growth