Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/1/08 through 3/31/08.
| LENDER(S) & ROLE | BORROWER & INDUSTRY | AMOUNT* | STRUCTURE & NOTES | ||||
|---|---|---|---|---|---|---|---|
| Olin Metals Manufacturer/Copper | Brass Products | Wachovia Capital Finance Lead Arranger, Admin Agen | 575.0 | Revolver | |||
| Esmark Inc Producer/integrated Steel | GE Corporate Lending Lead Lender | 500.0 | Revolver Replaces previous debt | ||||
| Mobilitie Partners LLC Owner/Telecommunications Towers | GE Media, Communications & Entertainment Admin Agent | 425.0 | Revolver GE Capital Markets, TD Securities: joint bookrunners, joint lead arrangers | ||||
| Boise Cascade LLC Manufacturer/Engineered Wood Products | Bank of America Business Capital Lender | 350.0 | Revolver Banc of America Securities: underwriter | ||||
| Pioneer Drilling Company Provider/Land Contract Drilling Service | Wells Fargo Bank and Fortis Merchant Banking Lender | 350.0 | Revolver Five-year term/Supports The Wedge Companies acquisition | ||||
| Lord & Taylor Retailer/Department Store | GE Corporate Lending Lender | 300.0 | Revolver Five-year term | ||||
| EaglePicher Corp Manufacturer/Advanced Technologies | Industrial Products | GE Corporate Lending Lead Lender | 265.0 | Cash Flow Facility GE Capital Markets: arranger/Supports company recap | |||
| Dan River Inc Designer/Textile Products | GMAC Commercial Finance Lender | 255.0 | $55MM Revolver/$200MM Factoring Facility | ||||
| Allen-Vanguard Corp Provider/Hazardous Device Protection Solutions | RBC Capital Markets Underwriter | 250.0 | $50MM Revolver/$200MM Term Loan Three-year term | ||||
| Wyle Labrotories Inc. Integrator/Federal Systems | CIT Group Lender | 230.0 | Revolver CIT Aerospace & Defense Finance: joint lead arranger, joint lead bookrunner, syndication agent | ||||
| International Automotive Components Group North America Inc Supplier/Automotive Parts | GE Corporate Lending Lender | 200.0 | Revolver GE Capital Markets: arranger | ||||
| Salton Inc Distributer/Appliances | Pet | Personal Care Products | Bank of America Business Capital Lender | 200.0 | Revolver Banc of Securities: syndicator/Supports merger with APN Holding Company | ||
| Multi-Color Corporation Provider/Decorating Solutions | Bank of America Agent | 200.0 | Revolver Five-year term/Supports Collotype International Holdings acquisition | ||||
| Steve & Barry's Retailer/Apparel | Accessories | GE Corporate Lending Lender | 197.0 | Revolver GE Capital Markets: arranger | |||
| National Dairy Holdings LP Processor/Dairy Products | Wachovia Capital Finance Lead Arranger, Admin. Agent | 190.0 | Revolver | ||||
| Remington Arms Company Inc Manufacturer/Rearms | Ammunition | Wachovia Capital Finance Lead Arranger, Admin. Agent | 180.0 | Revolver | |||
| Transmontaigne Inc Distributor/Refined Petroleum Products | Wachovia Capital Finance Lead Arranger, Admin. Agent | 175.0 | Revolver | ||||
| Longview Fibre Paper and Packaging Inc Manufacturer/Specialty Paper | Containers | Bank of America Business Capital Lender | 170.0 | Revolver Banc of America Securities: syndicator | |||
| Odyssey HealthCare Inc Operator/Medicare-certified Hospice Care Locations | GE Healthcare Financial Services Lender | 160.0 | Revolver Supports acquisition of VistaCare | ||||
| Switch & Data Facilities Company Inc Provider/Internet Exchange | Colocation Services | RBC Capital Markets, GE Corporate Lending Joint Lead Arrangers, Bookrunners | 157.0 | $15MM Revolver/$142.5MM Term Loans Royal Bank of Canada: admin. agent | |||
| Horizon Technology Finance LLC Provider/Funds to Life Science | Technology Companies | WestLB Lender | 150.0 | $150MM Revolver Compass Group Investments provided additional $50MM | |||
| Odyssey HealthCare Inc Provider/Hospice Care | GE Capital Lender | 150.0 | $30MM Revolver/$120MM Term Loan Supports VistaCare, Inc. acquisition/Revolver: five-year term; Term Loan: six-year term | ||||
| DG FastChannel Inc Provider/Digital Media Services | BMO Capital Markets Lead Arranger | 145.0 | $30MM Revolver/$115MM Term Loans Six-year term/Participants: Wachovia, Webster Bank, Citibank, Fifth Third, First Tennessee, First Bank, Bank of the West | ||||
| Gerber Scientific Inc Supplier/Automated Manufacturing Systems | RBS Greenwich Capital/RBS Citizens Sole Lead Arranger/Admin Agent | 125.0 | Revolver Five-year term/Sovereign Bank: documentation agent; JP Morgan, HSBC, Merrill Lynch, Bank of America participated | ||||
| Winner Steel Inc Producer/Galvanized Steel | GE Corporate Lending Lender | 115.0 | Revolver GE Capital Markets: arranger/Deal Source: Novolipetsk Steel, Duferco Group | ||||
| MAG Industrial Automation Systems Group Manufacturer/Machine Tools | Systems | GE Corporate Lending Lender | 110.0 | Revolver GE Capital Markets: arranger | |||
| Duckwall-ALCO Stores Inc Operator/Discount Retailer | Bank of America, Wells Fargo Retail Finance Lenders | 110.0 | Revolver Three-year term/Replaces previous debt | ||||
| Griffon Corp Manufacturer/Garage Doors | J.P. Morgan Securities, JPMorgan Chase Bank Sole Lead Arranger, Sole Bookrunner | 100.0 | Revolver | ||||
| JTH Tax Inc (d/b/a Liberty Tax Service) Provider/Retail Tax Preparation | SunTrust Robinson Humphrey/SunTrust Bank Sole Lead Arranger, Book Manager/Admin Agent | 100.0 | Revolver Five-year term/Participants: Wachovia, BofA, RBC Centura Bank, BB&T, Citizens, Commerce, First Tennessee, Comerica, Second Bank & Trust | ||||
| Cogdell Spencer Inc Investor/Specialty Medical Office Buildings | KeyBank Lender | 100.0 | Term Loan BofA arranged $150 credit line/Supports acquisition of Marshall Erdman and Associates | ||||
| Concord Debt Holdings LLC Provider/Joint Venture Debt | KeyBank Lender | 100.0 | Revolver | ||||
| Nautilus Inc Provider/Fitness Products | Bank of America Business Capital Lender | 100.0 | Revolver Five-year term | ||||
| Filene's Basement Inc Retailer/Excess Merchandise | National City Business Credit Lender | 100.0 | Revolver | ||||
| Nautilus Inc Provider/Fitness Products | Bank of America Syndicator, Lender | 100.0 | Line of Credit Five-year term | ||||
| Nautilus Inc Provider/Fitness Products | Bank of America Lender | 100.0 | Revolver Five-year term/Replaces previous facility | ||||
| Nautilus Inc Provider/Fitness Products | Bank of America Lender | 100.0 | Revolver Five-year term/Replaces previous facility | ||||
| Rand Logistics Inc Provider/Bulk Freight Shipping Services | GE Corporate Lending Lender | 98.7 | U.S./Canadian facilities GE Capital Markets: arranger | ||||
| EKR Therapeutics Inc Provider/Specialty Pharmaceutical Products | GE Healthcare Financial Services Lender | 95.0 | $15MM Revolver/$80MM Term Loan A | ||||
| Midway Games Inc Developer/Interactive Entertainment Software | National Amusements Lender | 90.0 | Revolver Replaces previous facility with Wells Fargo Foothill | ||||
| Kratos Defense and Security Solutions Inc Provider/Engineering | Security | Surveillance | IT | War Fighter Solutions | KeyBanc Capital Markets Arranger | 85.0 | Revolver Supports Haverstick Consulting acquisition |
| GSI Commerce Inc Provider/E-commerce Solutions | PNC Capital Markets Lead Lender | 75.0 | Revolver Participants: Bank of America (syndication agent), HSBC Bank, Sovereign Bancorp/Five-year term | ||||
| American Laser Centers Inc Provider/Laser Hair Removal | Aesthetic Services | CapitalSource Lender | 70.0 | Revolver/Term Loan Deal Source: Code Hennessy & Simmons LLC and Edgewater Capital Partners | |||
| The Blossman Companies Inc Distributor/Propane | PNC Bank Lead Syndicator, Lender | 70.0 | $60MM Revolver/$10MM Term Loan | ||||
| Summit Electric Supply Co Inc Distributor/Electrical Materials | Bank of America Business Capital Lender | 60.0 | Revolver | ||||
| Campus Management Corp Provider/Administrative Software Solutions | Ares Capital Lead Arranger | 59.0 | Revolver/Term Loans Deal Source: Leeds Equity Partners | ||||
| Reading International Inc Operater/Multiplex Cinemas | GE Media, Communications & Entertainment Admin. Agent | 55.0 | Acquisition Financing GE Capital Markets: sole lead arranger/Support cinema acquisitions | ||||
| ENK International Organizer/Fashion Industry Tradeshow | GE Media, Communications & Entertainment Admin Agent | 55.0 | Revolver | ||||
| Westaff (USA) Inc Provider/Staffing Services | U.S. Bank, Wells Fargo Syndicators | 50.0 | Revolver Five-year term/Replaces previous debt with GE Capital, BofA | ||||
| The Ensign Group Inc Provider/Skilled Nursing | Rehab Services | Assisted Living | GE Healthcare Lender | 50.0 | Revolver | ||
| Wyle Labs Contractor/Government Services | Ares Capital Sole Lead Arranger, Admin Agent | 50.0 | Second Lien Term Loan Supports RS Information Systems acquisition | ||||
| Nova Biosource Fuels Inc Provider/ASTM Standard Biodiesel | WestLB Sole Arranger, Bookrunner, Admin Agent | 41.0 | $36MM Construction Loan/$5MM Working Capital Facility | ||||
| Back Bay Restaurant Group Inc Operator/Restaurants | GE Franchise Finance Lender | 40.0 | $15MM Revolver/$25MM Term Loan | ||||
| Comstock Homebuilding Companies Inc Operator/Real Estate Development Firm | KeyBank Lender | 40.0 | Revolver Three-year term/Supports refinancing | ||||
| GAPWEST Broadcasting LLC Owner/Radio Stations | GE Media, Communications & Entertainment Sole Lender, Admin Agent | 33.0 | Revolver | ||||
| Von Weise Inc Manufacturer/AC/DC Motors | Blowers | Actuators | Wachovia Capital Finance Sole Lender | 32.5 | Revolver/Term Loan | ||
| Findlay Industries Inc Supplier/Auto | Truck Interior Parts | PNC Bank Lender | 30.0 | Revolver Refinances previous debt | |||
| Corgi International Limited Provider/Collectibles | Gifts | Toys | Burdale Financial Lender | 30.0 | Revolver Three-year term | ||
| Missouri Metals LLC Manufacturer/Specialty Metal Components | Golub Capital Lender | 27.5 | Revolver Deal Source: Metal Spinners | ||||
| Elyria Foundry Co Manufacturer/Metal Casting | Wachovia Capital Finance Sole Lender | 25.0 | Revolver | ||||
| Almost Family Inc Operates/Home Health Branches | JP Morgan Chase Bank Lender | 22.5 | Revolver Supports Apex Home Healthcare Services acquisition | ||||
| Gulf Coast Machine & Supply Co Inc Provider/Forgings | Monroe Capital Agent | 21.0 | Term Loan Supports company recap by Industrial Opportunity Partners | ||||
| Aerovance Inc Operator/Biopharmaceuticals | Oxford Finance Lead Lender | 20.0 | Venture Debt Silicon Valley Bank, Comerica Bank participated | ||||
| Kowabunga Inc Provider/Interactive Advertising Networks | Platforms | Wachovia Bank Lender | 20.0 | $15MM Revolver/$5MM Term Loan | |||
| Helicos BioSciences Corp Provider/Genetic Analysis Technologies | GE Healthcare Financial Services Lender | 20.0 | Revolver | ||||
| Louis Hornick & Co Inc Provider/Forgings | Wachovia Capital Finance Sole Lender | 18.6 | Revolver/Term Loan Manufacturer/Window Treatments | ||||
| Wakefield Thermal Solutions Inc Manufacturer/Aluminum Extrusions | Wachovia Capital Finance Sole Lender | 18.0 | Revolver/Term Loan | ||||
| Engineered Machined Products Inc Producer/Engine Cooling Pumps | PNC Bank Lender | 17.0 | Revolver Refinances previous debt | ||||
| Merchant Cash and Capital LLC Provider/Merchant Advance Services | The Patriot Group Lender | 17.0 | Revolver Two-year term | ||||
| CryoLife Inc Provider/Implantable Living Human Tissue Processing | GE Healthcare Financial Services Lender | 15.0 | Revolver | ||||
| Winery Exchange Inc Provider/Premium Beverage Alcohol Brands | CIT Commercial Services Sole Lender | 15.0 | Revolving Credit Line | ||||
| Aldila Inc Provider/Graphite Golf Shafts | Key Bank Lender | 15.0 | Revolver/Term Loan Five-year term | ||||
| Visador Holding Corp and subsidiaries Holding Company | PNC Bank Lender | 14.0 | Revolver Refinances existing debt | ||||
| Aacer Flooring LLC Producer/Flooring Products | PNC Bank Lender | 14.0 | Revolver | ||||
| Wolf River Lumber Inc Producer/Lumber | PNC Bank Lender | 13.0 | Revolver | ||||
| Agrifos Fertilizer Inc Manufacturer/Fertilizer | Wachovia Capital Finance Sole Lender | 13.0 | Revolver Manufacturer/Window Treatments | ||||
| Cord Crafts Inc Supplier/Artificial Plants | Flowers | Arrangements | PNC Bank Lender | 13.0 | $12MM Revolver/$1MM Term Loan Deal Source: Crystal Ridge Partners | ||
| The Hines Group Inc and subsidiaries Holding Company | PNC Bank Lender | 12.0 | $6MM Revolver/$6MM Term Loan Refinances existing debt | ||||
| Acushnet Rubber Co Manufacturer/Engineered Elastomeric Components | Wachovia Capital Finance Sole Lender | 11.0 | Revolver Manufacturer/Window Treatments | ||||
| Workspace Outfitters Inc Provider/Remanufactured Office Furniture | PNC Bank Lender | 10.7 | $10MM Revolver/$.7MM Term Loan Supports Smart Office Advisors and Modular Manufacturing Holdings acquisitions | ||||
| SatCon Technology Corp Manufacturer/Electronics | generators/motors | Silicon Valley Bank Lender | 10.0 | Revolver | |||
| Sportexe Construction Services Supplier/Official Turf System | Wells Fargo Business Credit Lender | 10.0 | Credit Line Owner, Insight Equity, negotiated deal | ||||
| Archus Orthopedics Developer/Reconstructive Implants | GE Healthcare Lender | 10.0 | Revolver | ||||
| ArborCraft LLC Manufacturer/Hardwood Flooring | Bridge Finance Group Lender | 9.0 | Revolving Credit Line | ||||
| Epperson Lumber Sales Inc Distributor/Specialty Lumber | PNC Bank Lender | 8.5 | Revolver | ||||
| K/P Corp Provider/Marketing Solutions | CIT Commercial Services Sole Lender | 8.0 | Revolving Credit Line/Term Loan | ||||
| USfalcon Inc Provider/IT | Engineering Services | Wachovia Capital Finance Sole Lender | 8.0 | Revolver | |||
| Raritan Computer Inc Provider/KVM products | Power | Server | Network Monitoring | Wachovia Capital Finance Sole Lender | 6.5 | Revolver | |
| Avon Automotive Supplier/Low-Pressure Rubber | Plastic Hoses | Burdale Capital Finance Lender | 6.5 | Revolver | |||
| The Muralo Company Inc Manufacturer/Paint | Wachovia Capital Finance Sole Lender | 6.0 | Revolver/Term Loan | ||||
| SPACEHAB Inc Provider/Products | Services to Space Industry | Green Bank Lender | 6.0 | $2MM Revolver/$4MM Term Loan Three-year term/Supports company restructuring | |||
| Symons Frozen Foods Inc Processor/Frozen Berries | Peas | Corn | Marquette Business Credit Lender | 5.7 | Revolving Credit Line | ||
| Cascade Metal Forming Inc N/A | PNC Bank Lender | 5.5 | $3MM Revolver/$2MM Term Loan/.5MM CAPEX Facility Supports Tri-Fab Associates acquisition | ||||
| GSE Systems Inc Provider/Training Simulators | Educational Solutions | Bank of America Lender | 5.0 | $3.5MM Foreign A/R/$1.5MM Domestic A/R Replaces Laurus Master Funds line of credit | |||
| The Moving Station Lender Provider/Relocation Services | Proficio Bank Working Capital | 5.0 | Revolving Credit Line | ||||
| Paul Frank Industries Inc Designer | Retailer/Apparel | New Stream Capital Lender | 5.0 | Term Loan | |||
| Patrick Hackett Hardware Company Operator/Department Store | Wells Fargo Business Credit Lender | 5.0 | Credit Line | ||||
| Vaughan Foods Inc Provider/Vegetables | Fruit products | Prepared Foods | International Bank of Commerce Lender | 5.0 | Revolver Three-year term | ||
| Olhausen Billiard Manufacturing Inc Manufacturer/Billiard Tables | Bridge Business Bancorp Lender | 4.5 | Revolver | ||||
| Kineticom Inc Provider/Staffing Talent | Capital TempFunds Lender | 4.0 | Revolver | ||||
| Pivot Inc Provider/Real-Time Collaboration Network | MMV Financial Lender | 3.0 | Revolver | ||||
| American Escrow and Closing Company Provider/Domestic | International Relocation Assistance | Proficio Bank Lender | 3.0 | Credit Line | |||
| EP MedSystems Inc Lender Manufacturer/Cardiac Rhythm Management Products | Keltic Financial Partners Lender | 3.0 | $1.5MM Revolver/$1.5MM Term Loan Three-year term | ||||
| Continuum Transportation Services Inc Provider/Logistics Services | Marquette Business Credit Lender | 2.5 | Revolver | ||||
| Global Telecom & Technology Inc Operator/Multi-Network | Silicon Valley Bank Lender | 2.0 | Revolver | ||||
| US Standard Enterprise Corp Distributor/Pasteurized Crabmeat | Frozen Sea Bass | Marquette Commercial Finance Lender | 2.0 | Revolver | |||
| Optimira Energy Inc Provider/Energy Services | Moriah Capital Lender | 2.0 | Revolving Line of Credit | ||||
| Beacon Enterprise Solutions Group Inc Provider/Technology | Telecommunications Services | Integra Bank Lender | 1.1 | $.6MM Term Loan/$.5MM Credit Line Supports Dataside acquisition | |||
| Lyrtech Inc Manufacturer/Digital Signal Processing Solutions | Finexcorp Lender | 1.1 | A/R Facility |
April 15, 2013 Deals
Share article
