Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/1/07 through 3/31/07.
| LENDER(S) & ROLE | BORROWER & INDUSTRY | AMOUNT* | STRUCTURE & NOTES | |||||
|---|---|---|---|---|---|---|---|---|
| OSI Restaurant Partners | Inc. Owner of Outback Steakhouse |
other restaurant chains | Deutsche, Bank of America Lenders |
2700.0 | $1.1B Term Loan/$250MM Revolvert/$530MM Real Estate Loan/$800MM High-yield Bond Sale Supports taking company private/Term loan: seven-year term/Revolver: six-year term |
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| Hospira | Inc. Specialty pharmaceutical |
medication delivery company | ABN AMRO, Citigroup Global Markets, Morgan Stanley Senior Funding Lead Arrangers |
1900.0 | $500MM Term Loan/$1.43B Bridge Loan Supports Mayne Pharma acquisition/Bridge loan: one-year term/Term loan: three-year term |
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| Kelson Holdings | LLC Power plant holding company |
Merrill Lynch Lead Arranger, Sole Bookrunner |
1700.0 | First lien facility/Second lien facility/Mezzanine loan facility Supports recap, replayment of debt |
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| Prism Business Media Holdings | Inc. Business-to-business media/information company |
GE Commercial Finance - Global Media & Communications Administrative agent, co-underwriter |
966.0 | Revolver Supports Penton Media, Inc. acquisition |
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| AK Steel Holding Corp. Manufacturer/Steel products |
Bank of America Admin., Collateral Agent |
850.0 | Revolver Replaces previous facilities |
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| Kyphon | Inc. Developer/Medical devices for spinal function |
Bank of America Lender, arranger |
625.0 | $425MM Syndicated Term Loan/$200-$300MM Revolver Supports St. Francis Medical Technologies acquisition |
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| NorTex Gas Storage Company Operator/Gas storage facilities |
Barclays Capital , West LB Lead Arrangers, joint bookrunners |
335.0 | $280MM Construction, term loan/$55MM Working capital facility Supports installation of cryogenic gas processing plants |
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| Alexander & Baldwin Inc. | Matson Navigation Company Diversified corporation/Property development |
Management; ocean transportation; food products | First Hawaiian Bank, Bank of Hawaii, Central Pacific Bank, Bank of America, Wells Fargo, BNP Paribas Lenders |
325.0 | Combined credit line/A&B: $225MM, Matson: $100MM Replaces previous $358.5MM credit lines |
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| Chattem | Inc. Manufacturer/OTC healthcare products |
toiletries | dietary supplements | Bank of America Lender |
300.0 | Term Loan Supports acquisition of five Johnson & Johnson OTC brands |
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| Lenox Group | Inc. Tabletop |
collectible | giftware company | UBS Loan Finance and UBS Securities Lender |
275.0 | Revolvers Refinances previous debt |
||
| Standard Motor Products | Inc. Manufacturer/Automotive replacement parts |
GE Capital Markets Agent |
275.0 | Revolver Five-year term/$50MM accordion feature |
||||
| Town Sports International Holdings | Inc. Operator/Fitness Clubs |
Deutsche Bank Securities Sole Lead Arranger, Book Manager |
260.0 | $75MM Revolver/$185MM Term Loan Deutsche Bank serves as Admin. Agent |
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| Ascendia Brands | Inc. Provider/Premium value segments of health |
beauty products sector | Wells Fargo Foothill, Watershed Administrative Arranger, agent first lien lenders/Agent second lien lenders |
246.0 | Revolver Supports acquisition of Healing Garden, Calgon brands |
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| TNS | Inc. Provider/Data communications services |
GE Capital Lender |
240.0 | $15MM Revolver/$225MM Term Loan B Revolver: six-year term/Term Loan: seven-year term |
||||
| Aventine Renewable Energy Holdings | Inc. Producer |
distributor/Ethanol | biodiesel | JPMorgan Chase Bank Lead Lender |
200.0 | Revolver Five-year term |
||
| Callon Petroleum Co. Operator/Gulf Coast oil |
gas properties | Merrill Lynch Capital Corp. Lender |
200.0 | Revolver Seven-year term/Supports BP Exploration and Production Co. Entrada Field acquisition |
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| KB Toys | Inc. Mall-based toy retailer |
GE Commercial Finance - Corporate Lending Lender |
200.0 | Asset-based Credit Facility Refinances existing debt |
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| Cliffstar Corporation Producer/Private label fruit juices |
GE Commercial Finance - Corporate Lending Lender |
175.0 | Cash Flow Credit Facility Replaces previous debt |
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| KRG Capital Partners | LLC | Tecta America Corp. management KRG: Private equity firm/Tecta America: Roofing contractor |
Merrill Lynch Capital Lead arranger, bookrunner, administrative agent |
175.0 | Revolver Supports investment in Tecta America Corp. |
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| Brightpoint | Inc. Provider/Wireless devices |
logistics services | Banc of America Securities Lead Arranger |
165.0 | Revolver Five-year term/Can be increased to $240MM/Replaces existing facilities |
|||
| Krispy Kreme Doughnuts | Inc. Retailer |
Wholesaler/High-quality doughnuts | Credit Suisse Sole Bookrunner, Sole Lead Arranger, Administrative Agent |
160.0 | $50MM Revolver/$110MM Term Loan Revolver: six-year term; Term Loan: seven-year term |
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| Nu Horizons Electronics Corp. Distributor/Semiconductor components |
Citibank Agent |
150.0 | Revolver Refinances existing debt/Investment in new distribution facility |
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| Leor Energy LP Privately held oil and gas exploration |
production company | JPMorgan Chase Bank Agent |
150.0 | Revolver Support funding of a seven-rig drilling program/Three-year term |
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| James River Coal Co. Coal mining company |
Morgan Stanley, GE Commercial Finance Agent |
135.0 | $60MM synthetic letter of credit/$40MM term loan/$35MM revolving line of credit Morgan Stanley: Sole Lead Arranger/Lenders |
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| Intermedia Outdoor | Inc. Outdoor Magazine Group |
GE Commercial Finance - Global Media & Communications Joint Lead Arranger, Joint Bookrunner |
130.0 | Revolver Supports PRIMEDIA Outdoors acquisition |
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| Keystone Automotive Operations | Inc. Distributor/Auto parts |
Bank of America Business Capital Lender |
125.0 | Revolver Banc of America Securities acted as underwriter |
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| Anthony | Inc. Manufacturer/Refrigerator |
freezer doors | accessories | Merrill Lynch Capital Sole lead arranger, sole bookrunner, administrative agent |
125.0 | Revolver Supports refinancing of the company |
||
| Master-Halco | Inc. Manufacturer/Security |
access control products | U.S. Bank Business Credit Lender |
115.0 | Revolver Includes $25MM subcomponent to Canadian subsidiary/Refinances existing facility |
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| Navarre Corporation Publisher |
Distributor/Home entertainment | multimedia product | GE Corporate Lending, Monroe Capital Advisors Lenders |
110.0 | $95MM Revolver/$15MM Term Loan GE Capital Markets arranged the transaction |
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| Tower Energy Group Distributor/Petroleum products |
City National Bank, Citi Commercial Asset Based Finance Agent, Syndications agent |
105.0 | Revolver |
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| Hines Nurseries | Inc. Operator/Network of eight nursery facilities |
Bank of America Business Capital Lender |
100.0 | Revolver Refinances existing debt |
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| McMoRan Oil & Gas Company KRG: Private equity firm/Tecta America: Developer |
Producer/Oil & natural gas | JPMorgan Chase Bank, Toronto-Dominion Securities Administrative agent/syndication agent |
100.0 | Term Loan Five year term/Supports repayment of borrowings of existing facility |
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| Mothers Work | Inc. Retailer/Maternity apparel |
Banc of America Securities Lender |
90.0 | Term Loan B |
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| Hawk One Security | Inc. Protective services company |
Platinum Funding Group Lender |
80.0 | A/R Facility |
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| Northstar Aerospace | Inc. Manufacturer/Flight critical gears |
transmissions | JP Morgan Chase Bank, Fifth Third Bancorp Lenders |
80.0 | $60MM Revolver/$20MM Term Loan J.P. Morgan Securities is arranger/Replaces previous facility |
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| Golden Gate Capital | Circle Peak Capital Private equity firms |
Monroe Capital Co-syndication Agent |
80.0 | Revolver Supports RocketDog acquisition/Wachovia Bank acted as admin. agent |
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| Tweeter Home Entertainment Group | Inc. Retailer/Specialty consumer electronics |
GE Commercial Finance - Corporate Lending Lender |
75.0 | Revolver Supports restructuring |
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| Tweeter Home Entertainment Group | Inc. Retailer/Specialty consumer electronics |
GE Capital Corporation Lender |
75.0 | Revolver Five-year term |
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| Measurement Specialties | Inc. Manufacturer/Sensors |
sensor-based systems | GE Commercial Finance, JP Morgan Chase Bank, Wachovia Bank Lenders |
75.0 | Revolver Supports BetaTHERM Sensors, YSI Temperature acquisitions |
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| Benihana Inc. Restaurant operator |
Wachovia Bank Lender |
75.0 | Revolver Supports restaurant construction, related costs |
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| Quantum Foods LLC Processor/Beef Products |
GE Commercial Finance, Corporate Lending Lender |
71.0 | Revolver Refinances previous debt |
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| Magellan International Trading Corp. Distributor/Engineering steel bars |
PNC Bank Lender |
70.0 | Revolver Refinances existing credit facility |
|||||
| Omni Energy Services Corp. Provider/Drilling services to the oil industry |
LaSalle Business Credit Lead Lender |
64.5 | $39.5MM Term Loan/$25MM Working Capital Revolving Line of Credit Supports acquisitions |
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| Wire Rope Corporation of America | Inc. Manufacturer/Wire rope |
electromechanical cable | HSBC Business Credit Agent |
60.0 | Revolving Line of Credit Supports Fox Paine Capital Fund III, LP's Wire Rope acquisition |
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| Oversee.net Technology-driven media company |
Banc of America Securities, Comerica Bank, California Bank and Trust, Silicon Valley Bank Lenders |
60.0 | Revolver Bank of America: administrative agent/Five year term |
|||||
| Tangent Rail Corp. Provider/Wood products |
rail & track services for railroad industry | Merrill Lynch Capital Sole lead arranger/Administrative agent |
59.0 | Revolver Supports recap/Finances existing debt |
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| American Industrial Partners investor group Private equity firm |
GMAC CF Structured Finance Division Lender |
56.0 | Revolver Supports Collins Industries, Inc. acquisition |
|||||
| Omega Protein Corporation | Inc. Manufacturer/Heart-healthy fish oils |
Bank of America Lead lender |
55.0 | $20MM Revolver/$35MM Term Loan Five-year terms/Replaces previous debt |
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| Jaco Electronics | Inc. Distributor/Electronic components |
CIT Capital Securities Lender |
55.0 | Revolver Replaces previous $40MM GMAC facility |
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| SMP Aviation Seller/Aircraft Parts |
Capstone Business Credit Lender |
52.5 | $35MM Factoring/$17.5MM PO Financing Supports inventory purchases, expansion into Europe and India |
|||||
| Lawson Steel | Inc. Distributor/Flat rolled steel products |
U.S. Bank Business Credit Agent |
50.0 | Revolver |
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| Gran Tierra Energy | Inc. Producer/International oil |
gas exploration | Standard Bank Lender |
50.0 | Revolver Three-year term/Supports petroleum operations in South America |
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| TiVo | Inc. Provider/Television digital video recorders |
Citigroup Lender |
50.0 | Revolving line of credit Syndicate of eight banks participating |
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| Infinity Energy Resources | Inc. Independent energy company |
Amegy Bank Lender |
50.0 | Revolver Two-year term/Initial borrowing base: $27MM |
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| AEA Investors Provider/Private equity industry |
Merrill Lynch Capital Administrative agent, co-lead arranger |
45.0 | Revolver Supports Industrial Controls acquisition |
|||||
| Wind Point Partners Private equity investment firm |
GE Antares Admin Agent |
43.0 | $10MM Revolver/$12MM Term Loan A/$12MM Term Loan B/$9MM CapEx Facility Supports The Matrixx Group, Inc. acquisition |
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| Fraser Papers | Inc. Provider/Integrated specialty paper |
CIT Business Credit Canada Lender |
40.0 | Bridge Loan Facility 120-day term/Supports Katahdin Holdings acquisition |
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| American Business Lending | Inc. Provider/Licensed SBA non-bank lender |
Wells Fargo Foothill Lender Finance Lender |
40.0 | Revolver |
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| Encore FBO | LLC Operator/Fixed-based network for aviation industry |
Merrill Lynch Capital Lead Arranger, Admin. Agent |
40.0 | Revolver |
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| A123 Systems Supplier/High-power lithium-ion batteries |
GE Commercial Finance Lead lender |
40.0 | Revolver Other investors include: The Protector & Gamble Co., Alliance Capital, FA Technology Ventures, North Bridge Venture Partners, Sequoia Capital |
|||||
| ABRY Partners | LLC Private equity fund |
Merrill Lynch Capital Lead arranger, administrative agent |
39.5 | Revolver Supports PSI Services acquisition |
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| Adobe Oilfield Services | Inc. Provider/Oilfield electrical |
production repair services | PNC Business Credit, M&I Business Credit Lenders |
37.5 | Revolver One-year term |
|||
| Alden Resources | LLC Independent mining company |
NGP Capital Resources Company Lender, agent |
36.5 | Revolver Refinances existing debt, coal properties acquisitions |
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| G.I. Joe's | Inc. Retailer/Sports |
auto accessories | Crystal Capital Fund , Wells Fargo Retail Finance Agent, Lead Lender |
35.0 | Second Lien Facility Supports recap and sale to Gryphon Capital |
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| Nexus Integration Services | Inc. Provider/IP Communications |
Internet Protocol solutions | GE Capital Solutions Commercial Distribution Finance Lender |
35.0 | Working Capital Facility |
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| Juniper Communities Operator/Senior housing facilities |
GE Healthcare Financial Services Lender |
34.9 | First Mortgage Facility Seven-year term |
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| Clinton Aluminum | LLC Aluminum Service Center |
National City Business Credit Lender |
33.0 | $25MM Revolver/$6.4MM Term Loan/$1.6MM CapEx Line Acquisition financing for private equity group |
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| Moss | Inc. Manufacturer/Tension fabrics for exhibit booths |
Merrill Lynch Capital Lead Arranger, Admin. Agent |
30.5 | Revolver Supports Nichols, Inc. acquisition |
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| Beecher Carlson Provider/Commercial insurance |
risk management | NewStar Financial Admin Agent |
30.0 | Revolver Supports future acquisitions |
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| Al Solutions Newly formed entity of Tremont Associates |
NewStar Financial Admin Agent |
30.0 | Mezzanine Financing Supports Jamegy, Inc acquisition |
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| Contango Oil & Gas Company Natural gas |
oil company | Centaurus Capital Lender |
30.0 | Term loan facility Supports exploration, development activities |
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| Bell Industries | Inc. Distributor/Electronic components/Electronic imaging/Recreational products |
Wells Fargo Foothill Lender |
30.0 | Revolver Supports SkyTel acquisition/Five-year term |
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| Valley Presbyterian Hospital Acute care facility |
Healthcare Finance Group Lender |
28.0 | $17MM Revolver/$11MM Real Estate Term Loan |
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| Enduracare Therapy Management Services | Inc. Provider/Contract rehabilitation services |
Healthcare Finance Group Lender |
27.0 | $20MM Revolver/$7MM Term loan |
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| USA Bouquet LLC Distributor/Bouquets |
fresh cut flowers | Merrill Lynch Capital Lead Arranger, Bookrunner, Admin. Agent |
26.5 | Revolver Supports recap by FdG Associates |
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| Dura-Bond Industries | Inc. Producer/Steel line pipe |
National City Business Credit Lender |
26.0 | $25MM Revolver/$1MM CapEx Line of Credit |
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| Network Liquidators | Inc. Provider/Used networking equipment |
accessories | PNC Business Credit, Jefferson Capital Partners I Lenders |
25.7 | $10MM Revolver/Capital funding/Subordinated debt Replaces existing credit facility |
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| Darwin Professional Underwriters | Inc. Specialty insurance group |
JPMorgan Securities Lead Arranger, Bookrunner |
25.0 | Revolver Three-year term/JP Morgan Chase Bank was admin agent |
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| FiberNet Telecom Group | Inc. Operator/Integrated interconnection facilities |
CapitalSource Lender |
25.0 | $6MM Revolver/$14MM Term Loan/$5MM CapEx Loan Five-year terms/Repays previous debt |
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| FranklinCovey Provider/Learning |
performance services | JP Morgan Chase, Zions First National Bank Lenders |
25.0 | Revolver |
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| Hooper Holmes | Inc. Provider/Medical-related services to insurance companies |
Citi Commercial Asset-Based Finance Lender |
25.0 | Revolver |
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| Vision Care Holdings | LLC Operator/ EyeGlass World |
The LASIK Vision Institute | Crystal Capital Fund Agent |
24.0 | Term Loan |
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| Cortec Group Fund IV L.P. Provider/Lower middle-market buyouts |
NewStar Financial Lender |
24.0 | $4MM Revolver/$20MM Term Loan Five-year terms/Supports investment in Construction Glass Industries Corp. |
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| Penwest Pharmaceuticals Co. Specialty pharmaceutical company |
Merrill Lynch Capital Lender |
24.0 | $12MM Term Loan May borrow additional $12MM through September 15, 2008 |
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| ClearPoint Business Resources | Inc. Provider/Workforce management solutions |
Manufacturers and Traders Trust Company Lender |
23.0 | $20MM Revolver/$3MM Term Loan Supports ALS, LLC (doing business as ASG) acquisition |
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| Titan Global Holdings | Inc. Diversified holding company |
Greystone Business Credit II Lender |
22.6 | $15MM Revolver/$7.6MM Term Loan Three-year terms/Repays existing credit facilities |
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| Life Care Centers of America | Inc. Operator/Skilled nursing |
assisted living | retirement centers | GE Healthcare Financial Services Lender |
22.0 | First Mortgage Debt Financing Supports acquisition of two skilled nursing facilities |
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| Trigeant | Ltd. Refiner/Heavy |
sour crude stock to asphalt | American Capital Strategies Lender |
22.0 | Term loan GE will also commit $10MM letter of credit subfacility |
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| Brynwood Partners V L.P. Private equity firm |
NewStar Financial Lender |
22.0 | $6MM Revolver/$16MM Term Loan Six-year terms/Supports majority ownership in S. Walter Packaging acquisition |
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| Minson Corp. Manufacturer/Mallin outdoor furniture |
pastel dining furniture | FTC Commercial Corp. Arranger, Agent |
20.0 | Revolver |
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| Target Logistics | Inc. Provider/Time definite freight forwarding |
logistics services | Wells Fargo Bank Lender |
20.0 | Revolver Three-year term |
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| Ygnition Networks | Inc. Provider/Broadband services |
Full Circle Capital, First Capital Lenders |
20.0 | Revolver Supports subscriber acquisitions |
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| Design Within Reach | Inc. Provider/Furnishings |
accessories | Wells Fargo Retail Finance Lender |
20.0 | $15MM Revolver/$5MM Letters of Credit Five-year term/Replaces Wells Fargo HSBC Trade Bank loan |
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| Priszm Canadian Income Fund Operator/Quick service restaurants |
National Bank of Canada Lender |
20.0 | $10MM Working capital revolver/$10MM Acquisition line Supports KFC franchisees acquisitions, capital investment |
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| Geer Senior Housing Complex Operator/Senior housing properties |
Merrill Lynch Capital Healthcare Finance Group Lender |
19.9 | $18.85MM Term Loan/$1MM Revolving Credit Line |
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| Audax Group Investor/Middle-market companies |
NewStar Financial Lender |
17.0 | $5MM Revolver/$12MM Term Loan Supports Silent Preferred Partners acquisition/Five-year terms |
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| CLVR Acquisition | Inc./RLM Acquisition | Inc. Manufacturer/Gold jewelry/Designer/Gold |
silver jewelry | Webster Business Credit Corp. , Israel Discount Bank of New York, Valley National Bank Lender |
16.0 | Revolver Three-year term/Supports acquisition of the companies |
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| LifeHouse Retirement Properties | Inc. Operator/Assisted living |
skilled nursing facilities | Bridge Finance Group Lender |
15.6 | $3.4MM Revolving Line/$12.18MM Term Loan Supports skilled nursing facilities acquisition |
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| WebSideStory | Inc. Provider/Intelligence Solutions |
Silicon Valley Bank Lender |
15.0 | Revolver Repays $20MM in principal from Visual Sciences merger |
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| New World Equipment Funding | LLC Commercial |
industrial equipment company | HealthCapital Lender |
15.0 | Revolver |
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| Rincon Industries | Inc. Conglomerate/Precision sheet metal manufacturing |
data center equipment | Bridge Finance Group Lender |
14.5 | $2.45MM Revolving line/ $12MM Term loan Supports acquisition of Paris Precision Products |
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| The Weatherly Group | LLC Private equity fund |
North Fork Business Capital Lender |
14.0 | $6.5MM Revolving Line of Credit/$7.5MM Term Loan Facility Support Fab-Tech, Inc. acquisition |
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| The Dickie Grabler Co. Metal Stamping Business |
National City Business Credit Lender |
12.5 | $9.0MM Revolver/$3.5MM Term Loan Acquisition financing for private equity group |
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| A. Stucki Company Manufacturer/Railcar control products |
National City Business Credit Lender |
10.0 | Revolver Provides acquisition financing for private equity group |
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| Newtek Business Services | Inc. Provider/Business services |
financial products | Wells Fargo Business Credit Lender |
10.0 | Revolver Supports CDS Business Services, Inc. acquisition |
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| Zogenix | Inc. Specialty pharmaceutical company |
GE Healthcare Financial Services Lender |
10.0 | Revolver Supports launch of first product |
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| Memory Pharmaceuticals Corp. Biopharmaceutical company |
Hercules Technology Growth Capital Lender |
10.0 | Term Loan |
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| Antares Pharma | Inc. Developer/Drug delivery systems |
MMV Financial, HSBC Capital (Canada) Lenders |
10.0 | Term Loans |
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| Crdentia Corp. Provider/Healthcare staffing services |
Systran Financial Services Corp. Lender |
10.0 | Receivables-based Working Capital Replaces obligations with Bridge HealthCare Finance |
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| Augusta Lumber Co. | Inc. Manufacturer/Hardwoods |
PNC Bank Lender |
10.0 | Revolver Supports recap |
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| NEXX Systems | Inc. Provider/Processing equipment for advanced wafer-level packaging applications |
Hercules Technology Growth Capital Lender |
10.0 | Debt financing |
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| Avistar Communications Corporation Developer |
marketer/Video collaboration platform | JPMorgan Chase Bank Lender |
10.0 | Revolver Initial term through Dec. 2007/Supports business operations |
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| Zanett | Inc. IT consulting firm |
LaSalle Bank Lender |
10.0 | Line of Credit Repays Fifth Third line of credit, stand-by facility |
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| Tata Coffee | Ltd. Integrated coffee company |
Patriot Capital Funding Lender |
9.0 | Syndicated second lien term loan Supports acquisition Eight O'Clock Coffee Co. |
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| Falcon Real Estate Investment Company | LP Owner/Gresham Square Shopping Center |
NewStar Financial Lender |
8.8 | First Mortgage Loan Three-year term |
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| Accountabilities | Inc. Provider/Financial staffing |
marketing | consulting services | Wells Fargo Business Credit Lender |
8.5 | $8MM Receivables Facility/$.5MM Term Loan Replaces previous debt |
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| Family Private Care | Inc. Staffing company of nurses |
nurse aids | companions to clients in homes | hospitals | assisted living facilities | Bridge Finance Group Lender |
8.5 | $3MM Revolving line of credit/$5.5MM Term loan Supports future growth |
| MOD-PAC Corp. Manufacturer/Custom paper board packaging |
KeyBank Lender |
8.0 | Revolving Line of Credit Three-year term/Replaces previous facility |
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| Misonix | Inc. Manufacturer/Ultrasonic equipment |
lab safety equipment | pollution control products | Wells Fargo Bank Lender |
8.0 | Revolver Replaces existing $2MM Bank of America revolver |
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| Hacienda Mexican Restaurants Owner |
Operater/12 restaurants | GE Capital Solutions, Franchise Finance Lender |
7.6 | Revolver Supports acquisition of 12-restaurant chain |
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| Next | Inc. Sales |
marketing organization | National City Bank Lender |
7.5 | Revolver Supports acquisitions and future growth |
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| QSGI | Inc. Provider/Data security |
regulatory compliance | Wells Fargo Bank Lender |
7.5 | Line of Credit Increased from $4.25 million line |
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| Money Centers of America | Inc. Provider/Cash Access |
financial networks to gaming industry | Mercantile Capital, Baena Advisors Lenders |
7.3 | Revolver Replaces existing facility |
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| Autopartsource | LLC Manufacturer/Brake pads |
Business Alliance Capital Co. Lender |
7.2 | $6.5MM A/R Facility/$.66MM Term Loan Replaces previous debt |
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| Vista Cove Care Center at San Gabriel Skilled nursing facility |
Affinity Bank Healthcare Financial Solutions Lender |
6.8 | $.5MM Revolving Line of Credit/$6.3MM Real Estate Financing |
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| Pain Enterprises | Inc. Manufacturer/CO2 products |
Bridge Business Bancorp Lender |
6.5 | $3MM Revolver/$3.5MM Term Loan Supports purchase of new equipment, refinancing of debt |
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| BorderWare Technologies | Inc. Provider/Security |
compliance solutions | Wellington Financial Lender |
6.4 | Venture Loan Supports future growth |
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| Certus Software | Inc. Provider/Corporate governance for SOX |
Financial Compliance activities | Platinum Funding Group Lender |
6.0 | Factoring Facility |
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| Sanderson Plumbing Products | Inc. Manufacturer/Bathroom seat fashions |
Webster Business Credit Corp. Lender |
6.0 | Revolver Three-year term |
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| Bluestreak Technology | Inc. Developer/MachBlue (TM) platform |
Wellington Financial Lender |
5.5 | $5MM Debenture Financing/$.5MM Operating Facility Provides growth capital |
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| JD Fine & Company Distributor/Imported women’s and junior apparel |
GMAC CF Commercial Services Division Lender |
5.0 | Working Capital Facility |
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| Implant Sciences Corp. Manufacturer/National security |
medical products | Bridge Bank Lender |
5.0 | Revolver Increased from previous $1.5MM revolver/Two-year term |
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| Davalor Mold Corp. Provider/Tooling |
plastic injection molded parts | Webster Business Credit Corp. Lender |
5.0 | Revolver Refinances existing revolver, term debt |
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| DaySpring Pharma | LLC Provider/Women's healthcare |
pediatrics pharmaceuticals | Bridge Finance Group Lender |
4.3 | $1MM Revolver/$3.3MM Term Loan Supports Brovex antihistamine product acquisition |
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| Advanced Photonix | Inc. Developer/Optoelectonic products |
Fifth Third Bancorp Lender |
4.2 | $2MM Revolving Line of Credit/$2.3MM Capital Lease Facility Lease facility: five-year term/Replaces previous facility with Santa Barbara Bank and Trust |
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| Wilmac Corporation Provider/Long-term care |
Bridge Finance Group Lender |
4.2 | Revolver Refinances existing secured lender |
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| Port Angeles Hardwood | LLC Alder Lumber Mill |
Marquette Business Credit Lender |
4.0 | Revolving Line of Credit |
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| Pyramid Petroleum | Inc. Oil |
gas exploration & production company | National Bank of Canada Lender |
4.0 | Revolving line of credit Supports payment of outstanding debt, capital expenditures |
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| Fairchild Industrial Products Co. Portfolio company of Hampshire Equity Partners |
Patriot Capital Funding Lender |
3.9 | Term loan, subordinated debt |
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| Hayes Business Group | Inc. Business Management Consultants |
Bridge Business Bancorp Lender |
3.5 | $1.6MM Real Estate Loan/$1.4MM Term Loan/$.5MM Revolving Line of Credit Supports acquisition of certain assets of industrial painting company |
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| Mecklenburg Lumber Co. Retailer/Wholesale lumber company |
Marquette Business Credit Lender |
3.5 | Revolving Line of Credit |
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| CorVu Corp. Provider/Software solutions |
Commerce Bank Lender |
3.2 | Revolver Supports repayment of existing $1.5 million term loan |
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| White Aluminum Products | LLC Provider/Home improvement products |
services | Marquette Business Credit Lender |
3.0 | Revolving Line of Credit/Term Loans |
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| American Locker Group | Inc. Supplier/Secure storage lockers |
The F&M Bank and Trust Company Lender |
3.0 | $.75MM Revolving Line of Credit/$2.2MM Term Loan Revolving line of credit: one-year term/Term loan: five-year term |
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| ESW Canada | Inc. Manufacturer/Proprietary diesel |
gasoline | alternative fueled engine substrate/catalysts | Royal Bank of Canada Lender |
2.5 | Revolver |
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| Basic Comfort | Inc. Manufacturer/Soft-good baby products |
Bridge Finance Group Lender |
2.5 | Revolving line of credit |
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| Air Gage Company Supplier/Inspection gage systems |
accessories | MidCap Business Credit Lender |
2.5 | Line of credit Support continued growth, new initiatives |
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| Quality Rubber Resources Distributor/Molded |
extruded rubber products | Marquette Business Credit Lender |
2.5 | Revolving line of credit |
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| Worldwide Manufacturing USA | Inc. Engineering contract manufacturing firm |
Greater Bay Bank Lender |
2.3 | Revolver Supports Worldwide expansion of factories in China |
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| Akeena Solar | Inc. Integrator/Residential |
small commercial solar power systems | Comerica Bank Lender |
2.0 | Accounts receivable line of credit Supports subsidiaires fleet expansion |
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| Leuco Tool Corp. Manufacturer/Woodworking |
furniture industry tools | Marquette Business Credit Lender |
2.0 | Revolving line of credit |
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| Acclaris | Inc. Reimbursement administrator/Employee benefits |
MMV Financial Lender |
2.0 | Revolver Supports company's growth strategy |
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| Thermodynetics | Inc. Manufacturer/Heat exchangers |
fabricated metal components | flexible connector products | Wachovia Bank Lender |
2.0 | $1.1MM Revolving line of credit/$.9MM Term loan Repays indebtedness to Citizens Bank/Revolver: two-year term; term loan: ten-year term |
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| Graphic Solutions Group | Inc. Commercial printing company |
Marquette Business Credit Lender |
1.8 | Revolving line of credit Three-year term/Replaces $15MM Silicon Valley Bank loan |
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| Isley Plumbing | Inc. Plumbing Contractor |
Bridge Business Bancorp Lender |
1.7 | $1.6MM Term Loan/$.1MM Revolving Line of Credit Supports buyout of retiring stockholders |
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| Spiegel Meats | Inc. Distributor/Meats and poultry |
Bridge Business Bancorp Lender |
1.5 | Revolving Line of Credit Supports capital for growth |
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| New Orange Hills Sub-acute care hospital |
Mercantile National Bank Healthcare Industries Division Lender |
1.5 | $1MM Term Loan/$.5MM Revolving Line of Credit Supports stock acquisition of New Orange Hills' operating company |
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| Sabertooth Enterprises | LLC |
Bridge Business Bancorp Lender |
1.3 | $1.1MM SBA 7(a) Loan/$.2MM Revolving Line of Credit Supports Billsby Lumber Co., Inc., acquisition |
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| Ameristar Industries | Inc. Manufacturer/Metal stampings |
metal sheet products | Marquette Business Credit Lender |
1.2 | Revolving Line of Credit |
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| A.J. Martin | Inc. Wholesaler/Fresh |
frozen meats | Business Alliance Capital Co. Lender |
1.0 | A/R Facility |