Deal Charts

ABL Deal Chart 2013 Q3

Notable Transactions

Data gathered from direct sources, news releases and other public information (2013/07/01-2013/09/30)

Note: Click Column Headings to Activate Sorting Options.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2013/09/25A.L. Schutzman
Producer/Trail Mixes & Dried Fruit Blends
BofA Business Capital
Lender
26.5ABL Facility
2013/07/16Ability Prosthetics & Orthotics
Provider/Prosthetics, Orthotics
Gemino Healthcare Finance
Lender
2.0Revolver
Refinances debt
2013/07/12Accuride
Supplier/Comm'l Vehicle Components
Wells Fargo Capital Finance
Ld Arranger, Admin Agent
100.000ABL Facility
5-yr term; syn agent: BMO Harris Bank; participant: Deutsche; includes a $10MM FILO tranche; replaces existing facility
2013/07/17Acme Machell Company
Manufacturer/Specialty Rubber Molded Products
First Capital
Lender
2.3$2MM Revolver/$295,000 Term Loan
2013/08/08Active International
Provider/Corporate Trade Services
Crystal Financial
Agent
35.0Term Loan
Five-year term
2013/07/02Aegion
Provider/Infrastructure Protection
Bank of America
Admin Agent
650.0$300MM Revolver/$350MM Term Loan
5-yr terms; $150MM to support acquisition of Brinderson; jt ld arrangers/jt book mgrs: Merrill, J.P. Morgan Sec, U.S. Bank
2013/08/29Akorn
Supports Hi-Tech Pharmacal acquisition
JPMorgan Chase Bank
Lender
675.0$75MM Revolver/$600MM Term Loan
Developer/Pharmaceutical Products
2013/07/17Alliance Data Systems
Provider/Marketing Solutions
Merrill, Wells Fargo Sec, SunTrust RH
Agents
2285.0$1,142.5MM Revolver/$1,142.5MM Term Loan
Agents: J.P. Morgan Sec, Fifth Third, RBC Cap Mkts
2013/07/03Allscripts Healthcare
Provider/Practice MGMT, Electronic Health Record Technology
Citibank
Syndication Agent
650.0$425MM Revolver/$225MM Term Loan
5-yr terms; co-doc agents: KeyBank/SunTrust/Deutsche Bank Sec/The Bank of Tokyo-Mitsubishi UFJ; admin agent: JPM; ld arrangers/bookrunners: J.P. Morgan Sec, Citigroup Global
2013/09/17Alora Pharmaceuticals
Developer/Pharmaceutical Products
Monroe Capital
Lender
75.0Revolver
Supports growth
2013/09/17Alphatec Spine
Manufacturer/Medical Devices
MidCap Financial
Lender
73.0$40MM Revolver/$33MM Term Loan
Three-year term; increases existing facility
2013/07/09American Apparel
Retailer/Branded Fashion Basic Apparel
Capital One Leverage Finance
Lender
50.0Revolver
Facility increased by $15MM; Bank of Montreal was added as a loan participant
2013/09/10American Water Capital
Provider/Public Utility Services
Wells Fargo
Admin Agent
1250.0Revolver
Syn agent: JPMorgan Chase; co-doc agents: PNC & RBS
2013/08/13AmerTac Holdings
Distributor/Decorative Lighting Hardware
Cole Taylor Business Capital
Lender
15.0ABL Facility
Refinances debt; funds acquisition
2013/09/24AngioDynamics
Provider/Medical Devices
JPMorgan Chase
Lead Bank
200.0$100MM Revolver/$100MM Term Loan
Refinances debt; co-arrangers: Bank of America & KeyBank
2013/09/04Antero Resources
Producer/Oil, Natural Gas Properties
JPMorgan Chase Bank, Wells Fargo Bank
Co-Lead Lenders
1750.0Revolver
$300MM facility increase; borrowing base increased to $2B
2013/07/15Antero Resources
Producer/Oil, Natural Gas Properties
JPMorgan Chase Bank, Wells Fargo Bank
Co-Lead Lenders
1450.0Revolver
$250MM increase
2013/07/09AOL
Investor/Internet Brands
JPMorgan Chase Bank
Lead Lender
250.0Revolver
Five-year term
2013/09/16Apollo Investment
Provider/Management Investment Services
JPMorgan Chase
Admin Agent
1250.0Revolver
5-yr term; syn agents: SunTrust & BofA; arrangers: JPM Sec, SunTrust RH & Merrill
2013/07/01Appvion
Manufacturer/Product Solutions
Jefferies Finance, Fifth Third Bank, KeyBank
Jt Ld Arrangers, Jt Bookrunners
435.0$100MM Revolver/$335MM Term Loan
5-yr revolver; 6-yr TL; admin agent: Jeffries; revolver agent/swing line lender/LC lender: Fifth Third; doc agent: KeyBank
2013/09/04Armstrong Tool
Provider/Rental & Fishing Tool Services
AloStar Business Credit
Lender
6.5$2MM Revolver/$4MM Term Loan/$500K Capex Facility
2013/09/30Arthur Schuman
Manufacturer/Cheese
GE Capital, Corporate Finance
Admin Agent & Sole Lender
110.0ABL Facility
Debt refi; supports growth; GE Cap also provided equipment lease financing
2013/08/09Asbury Automotive Group
Retailer/Automobiles
Merrill Lynch
Syndication Arranger
1100.0Revolver
Increases inventory floor plan facility; admin agent: BofA; co-syn agents: JPM, Wells Fargo; co-doc agents: Mercedes-Benz Financial Services USA & Toyota Motor Credit
2013/09/27Atlas Sign Holdings
Manufacturer/Signs
Cole Taylor Business Capital
Lender
10.9Revolver
Debt refi; $3MM mezz financing from Jefferson Cap Partners
2013/07/30aTyr Pharma
Developer/Biologic Therapeutics
Silicon Valley Bank
Lender
10.0Debt Facility
Supports therapeutic program development
2013/09/23BaronHR
Provider/Staffing Services
Amerisource Business Capital
Lender
6.0ABL Revolver
Refinances factoring obligations
2013/08/15Betty Machine Company
Manufacturer/Machine Parts
Cole Taylor Business Capital
Lender
15.0ABL Facility
Refinances debt
2013/08/01BioScrip
Provider/Comprehensive Infusion & Home Care Solutions
SunTrust Bank
Admin Agent
475.0$75MM Revolver/$250MM TL B/$250MM Delayed-Draw TL
Partially funds acquisition of CarePoint Partners; jt ld arrangers: SunTrust, Jefferies & Morgan Stanley Sr Funding; syn agent: Jefferies; Doc agent: MSSF
2013/08/23Birks & Mayors
Operator/Luxury Jewelry Stores
Wells Fargo Capital Finance
Co-Col Agent
28.0Term Loan
Five-year term; admin & co-col agent: Pathlight Capital
2013/08/09Black Ridge Oil & Gas
Developer/Oil & Gas Energy Solutions
Cadence Bank & Chambers Energy MGMT
Lenders
125.0$50MM Revolver/$75MM Term Loan
Three-year revolver; four-year term loan
2013/08/23Blue Racer Midstream
Provider/Utica Shale Midstream Services
Wells Fargo Sec, RBS Sec
Jt Bookrunners, Jt Ld Arrangers
800.0Revolver
Five-year; jt ld arrangers: Comerica, RBC Cap Mkts, SunTrust RH & U.S. Bank
2013/07/16Blue Wolf Capital Partners
Investor/Mid-Market Companies
PNC
Lender
27.0$12MM ABL Revolver/$15MM Term Loan
Supports Suwannee Lumber Company acquisition; Steel City Capital Funding financed in part
2013/07/11Boulder Brands
Provider/Health, Wellness Brands
Citigroup
Lender
330.0$80MM Revolver/$250MM Term Loan
5-yr revolver; 7-yr term loan; refinances debt
2013/07/03BSM Technologies
Provider/Remote Fleet Monitoring
TD Bank
Lender
10.0$3MM Revolver/$7MM Term Loan
Three-year term; supports acquisition of AutoVision Wireless
2013/07/31Caché
Retailer/Women’s Apparel
Wells Fargo Capital Finance
Admin Agent, Collateral Agent
25.0Revolver
Five-year term
2013/07/01Carpenter Technology
Five-year term; replaces existing revolver
BofA Merrill Lynch, J.P. Morgan Securities
Jt Ld Arrangers
500.0Revolver
Producer/Specialty Alloys
2013/09/24Charles & Colvard
Supplier/Gemstones & Jewels
PNC Bank
Lender
10.0Revolver
Supports growth
2013/09/11Cincinnati Bell
Provider/Communications Solutions
Bank of America
Admin Agent
540.0Term Loan B
Seven-year term
2013/07/24Continuum Healthcare
Operator/Skilled Nursing Facilities, Pediatric Day Care Centers
Oxford Finance
Lender
11.5$1.5MM Revolver/$10MM Term Loan
Supports acquisition of The Health Center at Galloway & Galloway Pediatric Medical Day Care
2013/09/05Corgenix Medical
Manufacturer/Specialized Immunology Disorder Diagnostic Kits
Bank of the West
Lender
1.5Revolver
Replaces existing ABL revolver
2013/09/11Corporate Capital Trust
Provider/Business Development Services
J.P. Morgan Sec, ING Capital
Ld Arrangers
285.0Revolver
Four-year term; expandable to $600MM
2013/08/23Crown Castle
Operator/Wireless Communication Infrastructure
Morgan Stanley, Merrill Lynch, & RBS Sec
Arrangers
800.0Tranche B Term Loan
7.5-year term
2013/07/02Cytori Therapeutics
Developer/Cell Therapies
Oxford Finance, Silicon Valley Bank
Lenders
27.0Term Loan
Four-year term; prepays existing loan w/ GE Cap, Oxford & SVB
2013/07/13Delek Logistics Partners
Operator/Crude Oil, Refined Product Logistics & Marketing Assets
Fifth Third Bank
Admin Agent
400.0Revolver
4-yr term; co-syn agents: BofA, RBC; co-doc agents: Compass Bank, Barclays, PNC, RBS Citizens
2013/09/10Delphinus Medical Technologies
Developer/Medical Technologies
GE Capital, Healthcare Financial Services
Admin Agent & Sole Lender
6.0Multi-Draw Term Loan
Supports clinical and commercialization efforts
2013/09/04Demand Media
Provider/Digital Media & Domain Services
SVB & U.S. Bank
Jt Book Mgrs & Jt Ld Arrangers
225.0$125MM Revolver/$100MM Term Loan
5-yr term; admin agent: SVB; syn agent: U.S. Bank; doc agent: Fifth Third; participants: Comerica, Citibank, Union Bank, OneWest & Goldman
2013/08/16DG3 Holdings
Provider/Visuall Communications Services
Cole Taylor Business Capital
Senior Lender
18.4$14MM Revolver/$4.4MM Term Loan
SSG acted as exclusive investment banker
2013/09/16Dots
Retailer/Women's Apparel & Accessories
Salus Capital Partners
Lender
51.0Term Loan
Four-year term; refinances debt; Irving Capital portfolio company
2013/09/25Edgewater Technology
Provider/Consulting Services
RBS Citizens
Lender
10.0Revolver
Three-year term; $5MM accordion
2013/07/26Emerge Energy Services
Provider/Energy Services
PNC Capital Markets
Ld Syndicator
150.0Revolver
Refinances Debt; Sponsored by Insight Equity
2013/08/07EnerSys
Provider/Stored Energy Solutions
BofA Merrill, Wells Fargo Securities
Jt Ld Arrangers & Jt Book-Running Mgrs
350.0Revolver
Five-year term
2013/08/13Engility Holdings
Provider/Specialized Technical Consulting Services
Bank of America
Admin Agent
450.0$250MM Revolver/$200MM Term Loan
Five-year term; replaces existing facility; $150MM accordion
2013/08/28Epiq Systems
Provider/Tech Solutions
KeyBank, PNC Bank & Silicon Valley Bank
Jt Ld Arrangers
400.0$100MM Revolver/$300MM Term Loan
Five-year revolver; seven-year term loan; refinances debt
2013/07/09Foundation Radiology Group
Provider/Elegant Radiology" Solutions"
Square 1 Bank
Lender
6.0Revolver
Supports growth
2013/07/18FTD Companies
Internet Provider/Consumer Products, Services
BofA Merrill, Wells Fargo
Jt Ld Arrangers, Book Mgrs
350.0Revolver
Five-year term; admin agent: BofA; refinances debt
2013/09/10General Cable
Manufacturer/Cable Products
JPMorgan Chase
Admin Agent
1000.0ABL Revolver
5-yr term; increases facility; European admin agent: JPM Europe Limited
2013/07/18General Insulation Company
Distributor/Comm'l, Industrial Insulation, HVAC, Fire Stop Products
NewStar Business Credit
Lender
40.0Revolver
NewStar syndicated a portion to BBVA Compass
2013/09/17General Products Corp.
Manufacturer/Precision Machined Components
Cole Taylor Business Capital
Lender
17.0Revolver
Northwest Mezzanine Partners portfolio company; refinances debt
2013/09/25Global Transportation Services
Provider/Transportation Services
First Capital
Lender
8.0ABL Facility
Supports a mgmt buyout; collateralized by A/R
2013/08/21Globe Specialty Metals
Producer/Silicon Metal & Alloy
RBS Citizens, PNC, Wells Fargo
Jt Book Mgrs & Jt Ld Arrangers
300.0Revolver
5-yr term; $150MM accordion; debt refi; participants: BBVA Compass, BB&T, Citibank, Fifth Third, Capital One & HSBC
2013/08/16Globe Wireless
Provider/Satellite Communications, Info Tech Services
Wells Fargo Capital Finance
Lender
15.8$15MM Revolver/$839K Term Loan
Phoenix MGMT was exclusive restructuring financial advisor
2013/09/16Gray Line of Tennessee
Provider/Motorcoach Services
PNC Bank
Lender
14.0ABL Revolver
Refinances debt
2013/08/05Gunvor Group
Trader/Independent Commodity
UniCredit Bank AG & Deutsche Bank AG
Book-Running Mandated Ld Arrangers
500.0Revolver
Finances capital needs of the company's refinery in Ingolstadt, Germany
2013/09/27Hampshire Group
Provider/Fashion apparel
Salus Capital Partners
Lender
30.0$27MM Revolver/$3MM TL
3-yr term; up to $50MM w/ accordion; Wells Fargo facility refi
2013/07/22Hart Stores
Operator/Retail Department Stores
PNC Bank Canada Branch
Lender
30.0ABL Revolver
Replaces existing banking arrangement
2013/07/31Hemisphere Media Group
Seven-year term; ld bookrunner: Deutsche Bank Sec
GE Cap Mkts, Deutsche Bank Sec
Jt Ld Arrangers
175.0Term Loan B
Provider/Spanish-Language TV/Cable Network
2013/07/31Hudson's Bay Company
Operator/Specialty Retail Shops
Bank of America & Royal Bank of Canada
Lenders
1900.0Term Loan
Supports Saks acquisition
2013/08/06Infinite Aegis
Provider/Revenue Cycle MGMT Services
Full Circle Capital
Lender
5.0Revolver/Term Loan
Supports Rocky Mountain Urgent Care acquisition; additional $5MM provided by another lender
2013/07/25Interide Transport
Provider/Transportation Services
TAB Bank
Lender
1.5Revolver
Based on A/R, extended through a multi-year agreement
2013/09/25INTL FCStone
Provider/Financial Services & Products
BofA Merrill, Capital One
Jt Ld Arrangers, Jt Book Mgrs
140.0Revolver
3-yr term; admin agent: BofA; participants: Bank Hapoalim, BMO Harris & The Korea Dev Bank NY
2013/09/24JAG Healthcare
Provider/Healthcare Services
Oxford Finance
Lender
14.5$1.5MM Revolver/$13MM Term Loan
Supports skilled nursing facilities acquisition
2013/08/28Jagged Peak
Provider/E-Commerce Solutions
Fifth Third Bank
Lender
5.0Revolver
Two-year term; increases by $2MM; extends maturity
2013/07/25Jamba Juice Company
Restaurant Retailer/Specialty Beverage, Food Offerings
Wells Fargo Bank
Lender
15.0Revolver
Three-year term; increases credit agreement
2013/07/26JD Norman Industries
Manufacturer/Metal Components & Systems
BofA Business Capital
Lender
30.0ABL Facility
Refinances debt; supports acquisition of two Federal-Mogul subsidiaries
2013/09/20Johnson Outdoors
Manufacturer/Outdoor Recreation Brands
PNC Capital
Arranger
90.0Revolver
Five-year term; ld agent: PNC Bank; facility with Ridgestone Bank remains in effect
2013/07/19KapStone Paper and Packaging
Producer/Unbleached Kraft Paper Products, Corrugated Products
BofA, Barclays, Well Fargo Bank
Lead Lenders
1675.0$400MM Revolver/$805MM TL A-1/$470MM TL A-2
Supports stock purchase of Longview Fibre Paper and Packaging
2013/08/22KeHE Distributors
Provider/Organic Food Products
GE Capital, Corporate Finance
Co-Col Agent
300.0ABL Facility
2013/08/22Kindred Healthcare
Provider/Healthcare Services
JPMorgan Chase
Admin Agent, Col Agent
1535.0$750MM ABL Revolver/$785.5MM Term Loan
Five-year term; $250MM aggregate increase
2013/09/10Kiss My Face
Retailer/Organic Personal Care Products
Marquette Business Credit
Lender
5.0Revolver
Caltius Equity Partners portfolio company
2013/08/07Kodak
Provider/Imaging & Photographic Equipment
BofA Merrill, Barclays & J.P. Morgan
Jt Ld Arrangers
200.0ABL Revolver
5-yr term; increases exit financing to $895MM
2013/07/16Krispy Kreme
Wholesaler/Sweet Treats, Complementary Products
Wells Fargo Bank
Admin Agent
40.0Revolver
Increases revolver by $15MM; retires $22MM outstanding TL balance
2013/08/02LegalShield
Marketer/Legal Counsel & Identity Theft Solutions
MVC Capital
Lender
10.0Term Loan
7-yr term; part of a $175MM TL arranged by Morgan Stanley Senior Funding & RBC Cap Mkts
2013/08/19Level 3 Communications
Provider/Telecom Services
Merrill Lynch Capital
Admin Agent, Col Agent
595.5Tranch B Term Loan
Seven-year term
2013/08/19Live Nation Entertainment
Provider/Live Entertainment & Ecommerce
JPMorgan Chase Bank
Admin Agent, Col Agent
1400.0$335MM Revolver/$115MM TL A/$950MM TL B
Canadian agent: JPM Toronto; London agent: J. P. Morgan Europe
2013/08/06Media General
Provider/Broadcast TV, Digital Media & Mobile Platforms
RBC Capital Markets
Ld Left Arranger & Admin Agent
945.0$60MM Revolver/$885MM Term Loan
5-yr revolver; 7-yr TL; supports Young Broadcasting merger
2013/07/29Milestone Aviation Group
Lessor/Helicopters
Lloyds Bank
Mandated Ld Arranger
300.0Revolver
Supports acquisition/leasing of helicopters; original lenders: Lombard & Barclays
2013/08/29MIQ Logistics
Provider/Transportation & Distribution Services
BofA Business Capital
Lender
32.5ABL Facility
2013/08/05Mitcham Industries
Supplier/Equipment
HSBC Bank USA
Admin Agent
50.0Revolver
Replaces prior credit agreement with First Victoria National Bank
2013/09/23NetDimensions
Provider/Mgmt Systems
Silicon Valley Bank
Lender
5.0$2MM Working Cap Line/$3MM Term Loan
Two-year working cap line; three-year term loan
2013/07/19Newport Corporation
Supplier/Advanced Tech Products, Systems
JPMorgan Chase
Lead Lender
275.0Revolver
5-yr term; replaces $250MM facility; supports acquisitions & stock repurchases
2013/09/24Nomis Solutions
Provider/Pricing Management Services
Square 1 Bank
Lender
5.0Revolver
Supports growth
2013/08/28North American Bison Cooperative
Producer/Grain Finished Bison Products
Marquette Business Credit
Lender
3.7Revolver/Equipment Term Loan
2013/09/09OM Group
Provider/Metal-Based Specialty Chemicals
PNC Bank
Arranger
350.0Revolver
Replaces previous facility
2013/07/22Pacific Coast Feather Company
Manufacturer/Basic Bedding Products
GE Capital, Corporate Finance
Sole Lender
76.8ABL Facility
Refinances debt
2013/08/28PGi
Provider/Virtual Meetings, Cloud-Based Solutions
Bank of America
Admin Agent
400.0Revolver
Five-year term; increases by $100MM; extends maturity
2013/08/22Portfolio Recovery Associates
Provider/Business Services
Bank of America
Admin Agent, Swing Line Lender & L/C Issuer
633.0$415.5MM Revolver/$20MM Revolver/$197.5MM TL
Adds Bank of Hampton Roads, Heritage & Union First Mrkt to syndicate; BofA decreased commitments
2013/08/28PrimeSource Healthcare Systems
Provider/Mobile Healthcare & Billing Services
Oxford Finance
Lender
5.5Revolver
Refinances debt
2013/09/25Punta Lima Wind Farm
Operator/Wind Farm
CIT Corporate Finance
Sole Ld Arranger
36.0Revolver
Structured through a sale and leaseback of the facility between Sovereign Bank (owner of Punta Lima) and Gestamp Wind; financing provided by CIT Bank
2013/07/10PureTek
Manufacturer/Pharmaceuticals, Nutraceuticals, Health/Beauty Products
Cole Taylor Business Capital
Lender
12.0Revolver
Refinances existing debt
2013/08/02Quebecor Media
Provider/Integrated Communications
Citigroup Global Mkts, RBC Cap Mkts & The Bank of Nova Scotia
Jt Ld Arrangers, Jt Book Mgrs
350.0Term Loan B
Seven-year term
2013/08/14Radiant Logistics
Provider/Logistics Services
Bank of America
Lender
30.0Revolver
Replaces existing facility; provides higher advance rates
2013/09/19RagingWire Data Centers
Designer/Mission-Critical Data Centers
BofA, Comerica Bank
Co-Leaders
230.0Revolver
Supports growth
2013/07/19RCL Services Group
Supplier/Railroad Signal Services
BofA Business Capital
Lender
65.0ABL Facility
2013/09/25Rentech
Manufacturer/Nitrogen Fertilizer Businesses
Credit Suisse Cayman
Ld Lender & Admin Agent
100.0Revolver
Credit Suisse Cayman & Morgan Stanley Bank each hold $50MM
2013/09/05Retail Solutions
Provider/Big Data & Predictive Analytics
City National, Bridge Bank
Lenders
16.0Revolver
Supports continued geographic expansion
2013/08/23Rexnord
Provider/Industrial Services
Credit Suisse AG
Admin Agent, Refi Term Lender
2.0Term Loan
Seven-year term
2013/07/22Saladax Biomedical
Developer/Diagnostic Services Products
GE Capital, Healthcare Financial Services
Admin Agent, Sole Lender
10.0Term Loan
Adds $8MM term loan to existing facility; supports ongoing commercialization efforts
2013/08/26Sanomedics International
Provider/Medical Tech Services
MC Healthcare Finance
Lender
5.0$3MM Revolver/$2MM Term Loan
Supports two acquisitions
2013/09/23Seaton
Provider/Recruiting & Outsourcing Services
BofA Business Capital
Lender
85.0ABL Facility
Debt refi; intended to increase seasonally; Leeds Equity Partners portfolio company
2013/08/16Service Building Supply
Supplier/Building Materials
Keltic Financial Services
Lender
3.5Revolver
2013/07/31Sheffield Manufacturing
Manufacturer/Aerospace Precision-Machined Components
First Capital
Lender
9.0ABL Revolver/Term Loan
Supports acquisition by PE firms Hancock Park Assoc. & Next Point Cap
2013/08/22Skullcandy
Manufacturer/Headphones
Wells Fargo Bank
Lender
50.0Revolver
2013/07/23Skylight Healthcare Systems
Provider/Interactive Patient Care Systems
GE Capital, Healthcare Financial Services
Admin Agent, Sole Lender
10.0Multi-Draw Term Loan
Supports new capital expenditures associated with new hospital contracts
2013/07/22SMART Technologies
Provider/School, Workplace Tech Solutions
Morgan Stanley Senior Funding
Admin Agent, Sole Ld Arranger
175.0$50MM ABL/$125MM Term Loan
4-yr ABL; 4.5-yr term loan; refinances debt
2013/09/18Sonitus Medical
Developer/Medical Device Company
GE Capital, Healthcare Financial Services
Admin Agent
10.0Multi-Draw Term Loan
Supports commercialization efforts
2013/08/15Sport Chalet
Retailer/Specialty Sporting Goods
Bank of America Merrill Lynch
Lender
75.0Revolver
Five-year term; $10MM facility increase
2013/08/05Standard Register
Provider/Document Management Systems & Services
Bank of America
Arranger
125.0ABL Facility
Supports acquisition of WorkflowOne; amends existing facility
2013/07/29Tandy Brands
Designer/Branded Accessories
Salus Capital Partners
Lender, Admin Agent & Collateral Agent
29.0$27.5MM Revolver/$1.5MM Term Loan
Two-year term; repays Wells Fargo debt; also secured $11.5MM master credit agreement w/ King Trade
2013/09/11TCP Capital
Provider/Business Development Services
Deutsche Bank AG
Lender
100.0Revolver
3-yr term; doubles credit facility; accordion feature expanded to $200MM
2013/09/24The Berry Company
Provider/Search Solutions
LBC Credit Partners
Agent & Sole Lender
15.0Term Loan
Supports recap; provided in conjunction w/ equity investment
2013/08/06The Providence Service Corporation
Provider/Home & Community Social Services Delivery
Bank of America & SunTrust Bank
Lead Lenders
225.0$165MM Revolver/$60MM Term Loan
Five-year terms
2013/08/15Tranzonic
Provider/Cleaning & Maintenance Products
PNC Bank
Co-Ld Arranger, Agent
40.0$19MM ABL Revolver/$21MM Term Loan
Supports acquisition by PE firm Silver Oak Services; Steel City Capital Funding provided a portion
2013/08/08Triangle Petroleum
Developer/Oil & Gas Energy Solutions
Wells Fargo Energy Capital
Admin Agent
60.0Term Loan
Supports Williston Basin properties acquisition
2013/09/19TriMas
Provider/Engineered Products
J.P. Morgan Sec, Merrill Lynch & Wells Fargo Sec
Arrangers
650.0$475MM Revolver/$175MM Term Loan A
Refinances existing facilities
2013/09/05TruckPro
Distributor/Heavy-Duty Truck Parts
CIT Bank, JPM, Madison Cap, Ally Comm'l & NXT Cap
Co-Ld Arrangers
194.5Senior Secured Facility
Harvest portfolio company; finances acquisition of CCI Corp.
2013/07/24U.S. Silica Holdings
Producer/Commercial Silica
BNP Paribas
Ld Arranger
425.0$50MM Revolver/$375MM Term Loan
5-yr revolver; 7-yr TL; amends existing facility
2013/07/03Unified Grocers
Supplier/Independent Grocery Retailers
Wells Fargo Capital Finance
Lead Bank
316.0$275MM ABL Revolver/$41MM Term Loan
Five-year term; participants: BMO Harris, BofA, Union Bank, PNC, Bank of the West
2013/08/28Varian Medical Systems
Manufacturer/Medical Devices & Software
Bank of America
Admin Agent, Swing Line Lender & L/C Issuer
800.0$300MM Revolver/$500MM Term Loan
Five-year terms; co-syn agents: Sumitomo Mitsui & Wells Fargo; jt ld arrangers: Merrill, Sumitomo & Wells Fargo
2013/08/09Vishay Intertechnology
Manufacturer/Semiconductors
JPMorgan
Admin Agent
640.0Revolver
5-yr term; jt ld arrangers: J.P. Morgan, Comerica Sec, RBS Citizens & HSBC Sec
2013/09/16Xenon Arc
Provider/Tech Business Process Solutions
First Capital
Lender
9.0ABL Revolver
Collateralized by A/R; Weston Presidio portfolio company
2013/07/09Xerium Technologies
Manufacturer/Industrial Machine Consumables
PNC Bank
Lender
40.0ABL Revolver
The ABL provides for CAN and U.S. dollar advances
2013/09/11Yellow Media Limited
Provider/Media & Marketing Solutions
BofA Business Capital
Lender
50.0ABL Facility