ABF Journal - January/February 2012

FIFTH STREET ANNOUNCES IMPROVED PRICING ON WELLS FARGO FACILITY FIF TH STREET FINANCE ANNOUNCED that the terms of its three-year $100 million credit facility with Wells Fargo Bank were amended. The interest rate of the facility was reduced to LIBOR plus 2.75% per annum, with no LIBOR floor. Fifth Street Finance is a specialty finance company that lends to and invests in small- and mid-sized companies, primarily in connection with investments by private equity sponsors. n

providing mezzanine debt to SunBrite TV and mezzanine debt and equity co-investment to Nobles Manufacturing.

CI T Provides $1.2B in Loan
Commitments to SMBs
CIT Group said its
Corporate Finance
segment completed
transactions that provided
$1.2 billion in new loan
commitments during
Q3/11, a 9% increase
over Q2/11. New funded
volume for the quarter
was $700 million, down
slightly from $733 million
sequentially, reflecting
lower initial fundings
on new asset-based
revolvers.

GE Capital HFS Deploys $5B in Loans YTD According to The Washington Post, GE Capital Healthcare Financial deployed more than $5 billion in loans to many sectors of the healthcare industry through the first nine months of 2011. The article said that in the last nine years, the company has provided more than $60 billion in financing.

the renewal and the addition of a new lender to its Union Bank of California facility. Union Bank and RBC Capital Markets made commitments of $30 million and $25 million, respectively, increasing the facility to $55 million and extending the maturity of the facility to November 2, 2014.

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Fifth Third Bank Commits to $28B in Lending Fifth Third Bank has the capacity to extend $28 billion in new and renewed credit to qualified commercial and small business customers through July 2012.

U. S. Bank Provides $415MM to Cabela’s Specialty retailer Cabela’s signed a new credit facility with a consortium of financial institutions led by U.S. Bank. The new $415 million, five-year credit facility replaces Cabela’s existing $350 million facility.

United Provides Financing to Dunkin’ Donuts Operator United Capital Business Lending provided $2 million in financing to Dunkin’ Donuts owner, Raguveer. United Capital is funding a multi-unit development line for future expansion and will also refinance some of the Maryland-based operator’s existing stores.

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Golub Provides Debt for ABRA Auto Body Recap Golub Capital provided a $27.9 million senior subordinated debt facility and an equity co-investment to support the recapitalization of ABRA Auto Body & Glass, a provider of vehicle damage repair services, by Palladium Equity Partners.

Praesidian Capital Exits Investment in Lucky Strike Praesidian Capital exited its $11 million investment in Lucky Strike Entertainment, an operator of upscale bowling lounges, when the company obtained financing from a new lender.

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GE Capital Provides $18.5MM to Golden Corral GE Capital, Franchise Finance provided GC Partners, a Golden Corral franchisee, with an $18.5 million credit facility. GE Capital Financial provided part of the funding.

GE Capital Inks $25MM to Raising Cane’s Restaurants GE Capital, Franchise Finance provided Raising Cane’s Chicken Fingers with a $25 million revolving line of credit, refinancing the company’s existing facility and amending a $21.6 million term loan. Funding was provided through GE Capital Financial.