NATIONAL LOGISTIC SERVICE PROVIDER
Headquartered in Dallas, Texas, the Company is one of North AmericaÕs leading non-asset based logistic providers focused on ground transportation and related services within the $600.0 billion U.S. trucking industry and the fast growing $100.0 billion third-party logistics market. For the trailing twelve month period ended August 2008, the Company generated $1.1 billion of revenue and $41 million of EBITDA. In October of 2008, Ableco, as Joint Lead Arranger of the facility, closed on a $30.0 million commitment that was part of a $73.6 million Delayed Draw DIP Term Loan. Proceeds from the DIP will be used to finance the CompanyÕs Chapter 11 case, which is expected to result in a 363 sale to existing pre-petition creditors or a strategic buyer
LEADING RETAIL APPAREL CHAIN
Headquartered in New York, the Company is a family-oriented retail apparel chain that provides consumers with combination of quality merchandise, friendly service and value. In August 2008, Ableco Finance LLC underwrote and funded a $125 million senior credit facility to the Company. Proceeds were used to finance the acquisition of the Company by a private equity sponsor.
LAND-BASED OIL & GAS DRILLER
Headquartered in Tulsa, Oklahoma, the Company employs 11 drilling rigs throughout the southern United States, including the prolific Barnett Shale. The Company expects to generate $70.0 million of revenue and $40.0 million of EBITDA in 2008. In January 2006, Ableco provided $20.0 million of an $80.0 million delayed draw term loan to fund the upgrade and completion of nine drilling rigs. The most recent financing occurred in July 2008 and consisted of a $25.0 million participation in a $100.0 million Credit Facility, which included a $40.0 million delayed draw component. Proceeds from the Credit Facility were used to refinance existing debt and will fund the build-out of six additional drilling rigs.