SPECIALTY RETAILER
The Company is a specialty retailer that sources and markets infant and children's apparel in the U.S. and Canada. For the fiscal year ended January 2008, the Company recorded revenues in excess of $290 million and adjusted EBITDA in excess of $40 million. In November 2008, the Company was spun off from its parent Company. Ableco provided a $145.6 million financing commitment to fund the acquisition and provide ongoing working capital including capex to fund new retail locations. The $145.6 million senior secured credit facility is comprised of a (i) $60 million asset based revolver; (ii) a Term Loan A of $35.6 million; and a Term Loan B of $50.0 million. Ableco is the collateral agent on the senior secured credit facility and holds the Term Loan B.
LEADING PROVIDER OF PRINTED ADVERTISING SERVICES
Based in Baltimore, Maryland, the Company is one of the leading printers of advertising inserts, newspaper products, direct mail services and premedia through over 100 locations worldwide. In October 2008, Ableco agented a $150.0 million Term loan B facility, as part of a $1.2 billion financial restructuring and simultaneous acquisition. The combined company generated over $1.7 billion annual revenue.
SECURITY SERVICES PROVIDER
Headquartered in Valencia, California, the Company is a security services firms providing security and risk management solutions to a diversified client base in a wide range of industries/sectors, including high-tech, media-entertainment, mall/retail, financial services, energy/infrastructure, and commercial property management. The Company was recently acquired by a financial sponsor in October 2008. As part of the transaction, Ableco provided a $70.0 million senior secured facility comprised of a $15.0 million revolving credit facility, and a $55.0 million term loan. The proceeds from the facility were used to pay a portion of the purchase price, pay fees and expenses associated with the transaction, refinance existing indebtedness and provide for future working capital needs.