LENDER(S) & ROLE
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BORROWER / INDUSTRY
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AMOUNT*
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STRUCTURE & NOTES
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QIII 2006 Transactions
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Merrill Lynch Capital
Lead
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Atrium Company
Manufacturer/Windows & Patio Doors
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$475.0
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Revolver
Supports acquisition of Champion Window. Atrium is a Kenner & Co. portfolio company |
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CIT Healthcare
Lead
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American Medical Systems Holdings
Provider/Pelvic Health Solutions
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$430.0
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Revolver
Supports acquisition of Laser Scope; part of $615MM total financing |
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GE Healthcare Financial Services
Lead
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Primedex Health Systems, Inc.
Provider/Imaging Services
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$405.0
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$45MM Revolver/$360MM Term Loan
Used to support acquisition of Radiologix |
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UBS Securities
Sole Lead Arranger
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Kendle International, Inc.
Provider/Clinical Research Services
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$225.0
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$25MM Revolver/$200MM Term Loan
Five-year term/six-year term; funds various acquisitions |
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Wells Fargo
Lead
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FTD Group, Inc.
Provider/Floral Services
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$225.0
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$75MM Revolver/$150MM Term Loan
Used to support acquisition of Interflora Holdings Limited |
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GE Global Media & Communications
Lead
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Van Wagner Communications
Provider/Outdoor Advertising
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$200.0
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Revolver
GE Capital was Sole Lead Arranger |
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Merrill Lynch Commercial Finance
Lead
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Pliant Corporation
Manufacturer/Specialty Films & Packaging
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$200.0
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Revolver
Exit financing |
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IDB Bank/Merrill Lynch Capital
Co-Leads
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Asta Funding, Inc.
Provider/Liquidation Services
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$175.0
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Revolver
Three-year term |
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GE Global Media & Communications
Admin. Agent
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New Wave Communications
Provider/Cable & Internet Services
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$162.0
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Senior Secured/Mezzanine Financing
GE Capital was Sole Lead Arranger; supports cable systems acquisitions in Kentucky & Illinois |
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GE Antares Capital/GE Capital Australia
Lead Arrangers
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Castle Harlan, Inc. & CHAMP Private Equity
Private Equity Sponsors
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$140.0
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$120MM Revolver/$20 MM Second Lien Facility
Supports acquisition of Great Western Malting, Canada Malting Company & others |
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Citigroup
Lead
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Secure Computing Corp.
Developer/Network Security Solutions
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$135.0
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$20MM Revolver/$115MM Term Loan
Used in acquisition of CipherTrust |
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Merrill Lynch Capital
Lead Arrangers
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Oakleaf Waste Management, LLC
Provider/Waste Management Svcs.
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$115.0
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Revolver
Borrower is a Charterhouse Group portfolio company |
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GE Global Sponsor Finance/Comerica Bank
Co-Lead Arrangers
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Fitness Quest, Inc.
Distributor/Home Fitness Products
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$105.0
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$50MM Revolver/$55MM Term Loan
Five-year term/five-year term; refinances existing indebtedness |
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Bank of America
Lead
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Guess? Inc.
Designer/Apparel
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$85.0
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Revolver
Replaces existing ABL facility with Wachovia Securities |
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Wells Fargo
Lead
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NATCO Group, Inc.
Provider/Oil Production Products
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$85.0
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Revolver
Participants incl: HSBC, BofA, JPMorgan, Calyon & Compass Bank |
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GE Global Media & Communications
Administrative Agent
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Orange Broadband, Inc.
Provider/Broadband Services
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$70.0
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$15MM Revolver/$45MM Term Loan/$10MM Second Lien Loan
Supports acquisition of certain assets of Charter Communications |
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GE Media & Communications
Admin Agent
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Seaport Capital, LLC
Venture Capital Firm
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$68.0
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Revolver
Used in acquisition of Everest Connections |
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Bank of America
Lead
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PetSmart, Inc.
Retailer/Pet Products
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$65.0
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Revolver
May be increased to $80MM |
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Bank of America Business Capital
Lender
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Bush Industries, Inc.
Manufacturer/Furniture
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$56.5
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Revolver
DDJ Capital Management owns a majority stake in borrower |
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GE Antares Capital
Administrative Agent
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Transportation Resource Partners, LP
Private Equity Sponsor
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$56.5
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$5MM Revolver/$37.5 Term Loan/$14 Second Lien Term Loan
Supports acquisition of National Powersport Auctions |
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LaSalle Business Credit
Lender
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Coachman Industries, Inc.
Manufacturer/Recreation Vehicles
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$55.0
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Revolver
Five-year term |
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American Capital Strategies
Lender
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TransFirst Holdings, Inc.
Provider/Payment Processing Svcs.
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$54.0
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Second Lien Junior Term Loan
Merrill Lynch Capital provided senior credit facilities |
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Merrill Lynch Capital
Lender
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Specialty Manufacturing Company
Supplier/Safety Components
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$53.0
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Revolver
Supports borrower's recapitalization by Century Park Capital Partners |
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Merrill Lynch Capital
Sole Lead Arranger
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Liberty Partners
Private Equity Sponsor
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$50.0
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Revolver
Supports acquisition of Component Hardware Group |
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Wells Fargo Foothill
Lead
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TRC
Provider/Risk Mgmt.
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$50.0
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Revolver
Services Five-year term; replaces Wachovia Bank facility |
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RBC Capital Markets
Lead
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Adams Respiratory Therapeutics, Inc.
Manufacturer/OTC Medications
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$50.0
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Revolver
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Citibank Texas
Lead
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Tengasco, Inc.
Provider/Gas Services
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$50.0
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Revolver
Company's initial borrowing base set at $2.6MM |
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GE Antares Capital
Lead Arranger
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Duni Corporation
Manufacturer/Food Service Supplies
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$39.0
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Participants: CIT Sponsor Finance (syn agent) & Madison Capital (doc agent) |
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GE Antares Capital
Administrative Agent
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Wynnchurch Capital, Ltd.
Private Equity Sponsor
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$38.0
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Revolver
GE Capital Markets was lead arranger; supports acquisition of SafeWorks, LLC |
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GE Antares Capital
Admin. Agent
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Century Park Capital
Private Equity Firm
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$37.5
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$4MM Revolver/$26MM Term Loans/$7.5MM Acquisition Financing
Private Equity Firm Supports borrower's acquisition of Eckler Industries; GE Capital Markets was Sole Lead Arranger
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New Stream Capital
Lender
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C&B Services, Inc.
Provider/Disaster Recovery Services
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$35.0
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Revolver
One-year term |
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GE Commercial Finance
Lead Lender
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MarketFare Foods, Inc.
Manufacturer/Specialty Foods
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$30.0
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$10MM Revolver/$20MM Second Lien Loan
GE Capital Markets was lead arranger |
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Monroe Capital
Lead
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AMB Tran Group
Provider/Medical Transportation Services
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$30.0
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$5MM Revolver/$23MM Term Loans/$2MM CAPEX
Refinances existing indebtedness/assists in dividend recapitalization
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PNC Business Credit
Lender
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Clark Security Products, Inc. et al.
Distributor/Security Products
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$29.5
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Revolver
Co-borrowers include General Lock & others |
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Wells Fargo Foothill
Lead
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Five Star Food Service
Provider/Food Vending Services
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$26.0
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Revolver
Other participants include: Chatham Capital, Harbert Mgmt. & Morgan Kegan Mezzanine Funding
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Wells Fargo HSBC Trade Bank
Lead
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Zumiez.com, Inc.
Manufacturer/Sporting Apparel
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$25.0
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Revolver
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Webster Business Credit
Lead
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Barnett Corporation
Distributor/Paper Products
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$25.0
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Revolver
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Webster Business Credit
Lead
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Patriot Timber Products International, Inc.
Distributor/Lumber
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$22.5
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Revolver
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CIT Commercial Services
Lead
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Crown Crafts, Inc.
Designer/Woven Products
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$22.0
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Revolver
Three-year term |
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PNC Business Credit
Lead
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International Food Packers Association
Distributor/Food Products
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$20.9
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$20MM Revolver/$.9MM Term Loan
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Continental Business Credit
Lead
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Allied Cash Holdings, LLC
Provider/Payday Lender Services
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$20.0
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Revolver
Represents $11MM increase from previous facility |
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PNC Bank
Lead
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Kitty Hawk
Provider/Ground Freight Transportation Services
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$20.0
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Revolver
Represents $5MM increase from previous facility
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Wells Fargo Foothill
Lead
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youbet.com
Provider/Internet Wagering Services
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$19.0
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$4MM Revolver/$15MM Term Loan
Replaces MM&T bank facility
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Webster Business Credit
Lead
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Long's Jewelers, LTD.
Retailer/Jewelry
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$18.9
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$17MM Revolver/$1.9MM CAPEX line
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U.S. Bank Business Credit
Lead
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Gorman Group
Provider/Transporation Services
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$18.0
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Revolver
U.S. Bank Equipment Finance provided $4.7MM for borrower's fleet
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Union Bank of California
Lead
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Westin Automotive Product, Inc.
Distributor/After-Market Truck Parts
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$17.1
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$16MM Revolver/$1.1MM Term Loan
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Crystal Capital
Lead
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Avon Automotive Holdings, Inc.
Manufacturer/Rubber Products
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$16.3
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Second Lien Junior Term Loan
Jeffries Finance agented $80MM in additional facilities
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Amalgamated Bank
Lead
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Intergrated BioPharma, Inc.
Manufacturer/Pharmaceuticals
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$15.0
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Revolver
Refinances indebtedness with Bank of America |
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LaSalle Retail Finance
Lead
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Bidz, Inc.
On-line Retailer/Jewelry
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$15.0
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Revolver
Includes $5MM accordion feature |
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New Star Financial
Lead
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Milestone Partners
Private Equity Firm
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$15.0
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$2.5MM Revolver/$12.5MM Term Loans
Supports acquisition of portfolio company, Bodybuilder.com |
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Webster Business Credit
Lead
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Bulova Technologies, LLC
Manufacturer/Electronic Components
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$14.5
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Revolver
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Capstone Business Credit
Lead
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Kayon Corporation
Designer/Women's Apparel
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$13.5
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$9MM Factoring/$4.5MM Purchase Order
Two-year term |
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GMAC Structured Finance
Lead
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PureTek Corp.
Manufacturer/Personal Care Products
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$12.8
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Revolver/Term Loan/CAPEX Facility
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Square 1 Bank
Lead
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Traffic.com, Inc.
Provider/Traffic Information
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$12.0
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Revolver
Two-year term |
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Merrill Lynch Capital
Lead
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Advancis Pharmaceutical Corporation
Developer/Pharmaceuticals
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$12.0
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$4MM Revolver/$8MM Term Loan
Used to repay existing debt |
LaSalle Business Credit
Lead
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J. Kindemann & Sons
Manufacturer/Christmas Lights
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$11.8
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Revolver
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U.S. Bank Business Credit
Lead
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Proam Enterprise, Inc.
Designer/Security Cameras
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$10.0
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Revolver
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Wachovia Capital Finance
Lead
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Natrol, Inc.
Manufacturer/Nutritional Supplements
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$10.0
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Revolver
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GMAC Commercial Finance
Lead
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Next, Inc.
Provider/Licensed Sportswear
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$10.0
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Revolver
Replaces indebtedness with National City Bank (Indiana) |
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Capital TempFunds
Lead
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Personnel Staffing Group
Provider/Temporary Staffing Services
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$10.0
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$9MM Revolver/$1MM Acquisition Loan
$1MM supports acquisition of Most Valuable Personnel, Inc. |
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PNC Business Credit
Lead
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Southeastern Metal Products, LLC
Producer/Stamped Metal Products
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$9.8
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Revolver
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Silicon Valley Bank
Lead
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Healthaxis, Inc.
Provider/Healthcare Payer Solutions
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$5.8
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$5MM Revolver/$.75MM CAPEX Line
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Webster Business Credit
Lead
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Thompson Brands
Manufacturer/Chocolates
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$5.4
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Revolver
Three-year term |
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Hercules Technology Growth Capital
Lead
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ForeScout Technologies, Inc.
Provider/Network Access Control
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$5.0
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Revolver
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Silicon Valley Bank
Lead
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IsoTis OrthoBiologics
Manufacturer/Orthobiologics
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$5.0
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Revolver
Two-year term |
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Webster Business Credit
Lead
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Summit Corporation of America
Provider/Electroplating Services
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$5.0
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Revolver
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Marquette Business Credit
Lead
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Consolidated Casting
Manufacturer/Precision Steel Casting
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$4.5
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Revolver/Term Loan
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Laurus Master Fund
Lead
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Brighter Mind Media, Inc.
Publisher/Children's Media
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$3.5
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$2.25MM Revolver/$1.25 Term Loan
Facility secured by first lien on Brighter Child Interactive assets |
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Bridge Finance Group
Lead
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Company Name
Provider/Refurbished Medical Equipment
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$3.3
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Revolver
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Wells Fargo Century
Lead
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Ironclad Performance Wear Corporation
Manufacturer/Specialty Apparel
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$3.0
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Revolver
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Marquette Business Credit
Lead
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Poly-Tak Protection Systems
Provider/Adhesive Films
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$2.8
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Revolver
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Marquette Business Credit
Lead
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A. Meredith Schneider Company
Producer/Utility Poles
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$2.3
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Revolver
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Marquette Business Credit
Lead
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Communications Marketing and Distribution Services Inc.
Provider/Digital Printing Svcs.
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$2.3
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Revolver
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Hercules Technology Growth Capital
Lead
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Gynesonics, Inc.
Developer/Medical Treatments
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$2.0
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Revolver
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* Deal Size in Millions
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