Dec. 17, 2010
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The Secured Lender's Nov/Dec. 2010 issue

Welcome to the first edition of TSL's Deal Alert! The following industry-related deals were compiled from TSL Express. Deals are listed in alphabetical order by company.

If you'd like your deals included here, or have any questions, please contact tslexpress@cfa.com.

The next TSL Deal Alert is scheduled for the first week of February.

Deal Size
Borrower Details
Notes
Access Capital
$3M
IT consulting firm in New Jersey that offers SAP and IT solutions, web strategy and enterprise resource consulting to Fortune 1000 companies.
Credit facility
Accord Financial Inc.
$750,000
Montreal, Quebec company that is a distributor of novelties and children's games, selling to large retailers across Canada
Accounts receivable and purchase order facility
$500,000
Vaudreuil-Dorion, Quebec company that is an extruder of plastic products, selling primarily to the food and beverage industry across Canada
Accounts receivable facility
Ares Capital Corporation
$130M
Community Education Centers, Inc.
Second lien term loan provided by Ares and affiliates of TPG Opportunities Partners as agents
Burdale Capital Finance, Inc.
$55M
Arch Aluminum & Glass, LLC
Co-lead arranger; worked closely with Bank of America (co-lead arranger and agent) to structure and arrange facility
Celtic Capital Corporation
$900,000
Seafood distributor located in Alhambra, CA
Accounts receivable
line of credit
$2M
Santa Clara, CA company who assembles equipment used to locate underground utilities
Accounts receivable
line of credit
$2.5M
Corona, CA-based manufacturer of mattresses and other foam based products
Accounts receivable
line of credit
$2,143,800
Bakersfield, CA metal fabricator
Accounts receivable line of credit and equipment loan
Coface Credit Management North America, Inc.
 
$2.5M transportation company based in the Southeast
Factoring facility
Coral Capital Solutions
 
Dr. Sears Family Essentials, Inc.
Factoring transaction
Crestmark's Baton Rouge, LA office
$400,000
Florida telecommunications service provider
 
$400,000
Missouri staffing company providing technical support
 
$175,000
Alabama IT/engineering staffing company for various industries including the government
 
$1M
Florida distributor of pharmaceutical ingredients
 
$750,000
Tennessee staffing company providing light industrial temporary workers
 
$1M
Texas manufacturer/distributor of parts
 
$500,000
Tennessee distributor of small leather goods
 
$500,000
Louisiana utility construction company
 
$1M
Texas oil and gas production equipment manufacturer
 
$1M
Texas technical training/documentation provider
 
Crestmark's Nashville, TN office
$1.5M
Kentucky trucking company
 
$2M
Utah trucking company
 
$1M
Utah trucking company
 
Crestmark's Troy, MI office
$3M
Michigan trucking company
Working capital facility
$1.2M
Michigan distributor of commercial/industrial supplies
Working capital facility
$750,000
Michigan IT consulting company
Working capital facility
$1.5M
North Carolina paper product fabrication company
Working capital facility
$950,000
Ohio metal stamping company
Working capital facility
$750,000
Michigan distributor of computer monitors and flat panel touch screens
Working capital facility
$1M
Michigan manufacturer of electronic motors
Working capital facility
$750,000
Michigan manufacturer/fabricator of equipment for the automotive industry
Working capital facility
$750,000
Michigan distributor of games and electronic cases
Working capital facility
Crestmark's West Palm Beach, FL office
$150,000
Florida janitorial and cleaning services company
Working capital facility
$1.25M
California healthcare staffing company
Working capital facility
$650,000
North Carolina engine/transmission machining and manufacturing company
Working capital facility
$1.25M
Florida steel form stamping company
Working capital facility
$600,000
Florida import/export freight consolidator
Working capital facility
 
New York importer/wholesaler of men's shirts
Funds as collected arrangement
 
North Carolina manufacturer of upholstered and occasional chairs
Funds as collected arrangement
$500,000
Florida importer/distributor of small kitchen appliances and chairs
Working capital facility
 
Nevada apparel company
Funds as collected arrangement
 
Illinois lamp design/import company
Funds as collected arrangement
$400,000
South Carolina manufacturer of equipment for automotive assembly lines
Working capital facility
$250,000
South Carolina service/repair company
Working capital facility
$750,000
Utah staffing company providing assorted services for automated machines
Working capital facility
$750,000
North Carolina manufacturer of active wear fabric
Working capital facility
Entrepreneur Growth Capital
$4M
High-tech manufacturer in New York
Credit facility
$1M
Fast growth IT staffing company located in NJ
Factoring contract
with no minimums or
long term requirement
GE Capital, Corporate Retail Finance
C1.35B
Hudson's Bay Company
Co-collateral agent for asset-based revolving credit facility
GE Capital, Corporate Finance
$200M
International Automotive Components Group North America, Inc. (IAC)
Asset-based credit facility
Graystone Capital
$250,000
Health care staffing services firm
Accounts receivable
line of credit
Greenfield Commercial Credit
$3.2M
Manufacturer of ornamental outdoor and garden items
Accounts receivable and inventory financing
$3.2M
Outdoor products manufacturer in Illinois
A/R line of credit
The Interface Financial Group (IFG)
$341,731
Cell tower construction company in Maine
Spot factoring
(invoice discounting)
$293,857
Asbestos remediation firm in Arizona
 
$286,644
Painting contractor in Washington
 
$174,799
Pipeline contractor in Georgia
 
$172,313
Roofing contractor in Colorado
 
$162,312
Flooring contractor in Texas
 
$135,943
Recruiting firm in California
 
$106,891
(Australian dollars)
Construction company in Victoria, Australia
 
$104,852
Consulting firm in Massachusetts
 
$82,533
Grower and installer of sod in Oklahoma
 
$73,373
Temporary staffing firm in Wisconsin
Spot factoring
(invoices discounting)
$433,293
Drywall contractor in Georgia
Spot factoring
(invoice discounting)

$293,071
(Australian Dollars)

Transportation company in New South Wales, Australia
 
$191,642
Recruiting firm in California
Spot factoring
(invoice discounting)
$151,770
Accounting firm in Georgia
 
$151,310
Painting contractor in New York
 
$131,978
Packaging distributor in California
 
$126,340
Temporary staffing firm in Wisconsin
 
$95,244
Manufacturing company in Maine
 
$94,380 (Australian Dollars)
Environmental services firm in New South Wales, Australia
 
£88,418 (British Sterling)
Manufacturer in the United Kingdom
 
$72,021
Roofing contractor in Louisiana
 
$71,500 (Canadian Dollars)
Trucking company in Manitoba, Canada
Spot factoring
(invoices discounting)
JD Factors
$400,000
Transportation company in Ontario, Canada
Factoring facility
$750,000
Construction company in Illinois
Factoring facility
$500,000
Transportation company in Ontario, Canada
Factoring facility
$150,000
Transportation company in Quebec, Canada
Factoring facility
$200,000
Transportation company in Ontario, Canada
Factoring facility
$100,000
Transportation company in Manitoba, Canada
Factoring facility
$100,000
Transportation company in Ontario, Canada
Factoring facility
$100,000
Transportation company in Quebec, Canada
Factoring facility
Marquette
$5.58M
Acme Engineering and Manufacturing Corporation, based in Muskogee, OK
Credit facility consisting of an accounts receivable and inventory revolving line of credit and an equipment term loan
$1M
Be Green Packaging
Factoring facility
PNC and Steel City Capital Funding
$100M
Akron, Ohio-based GOJO Industries, Inc.
Senior secured
financing package
Presidential Financial
$1.5M
Georgia-based provider of IT consulting and staff augmentation services
Accounts receivable
credit facility
$2M
North Carolina-based firm that provides indirect supplies, spend management technology and supply chain management services to retailers across the U.S.
Accounts receivable and inventory
credit facility
$2.5M
Manufacturer of specialty apparel-based in Georgia
Accounts receivable and inventory
credit facility
$1M
Georgia-based provider of staffing services which serves military personnel who are moving to the private sector.
Accounts receivable
credit facility
$3M
Florida-based supply chain solutions company which provides consumable medical and surgical supplies, diagnostic equipment and pharma-related products
Accounts receivable and inventory
credit facility
$1M
Manufacturer of promotional apparel and other items based in Tennessee.
Accounts receivable
credit facility
RDA Funding
$500,000
Client based in Alabama who manufactures and distributes branded photographic accessories
Short-term
factoring facility
RMP Capital Corp.
$3M
Albany, NY-area digital publishing company
Factoring facility
$500,000
Atlanta, GA-based private charter aviation service
Factoring facility
Sterling National Bank
$1.9M
Dazian LLC
Revolving line of credit
$1.5M
Importer of bedding, towels and rugs that are imported from the Orient, Pakistan and India
Revolving line of credit
$2M
Commercial printer, providing printing services to advertising agencies, financial institutions and pharmaceutical companies in the NYC metro. area
Revolving credit facility used to replace an existing lender and to support working capital
Sterling Trade Capital
$3M
Importer of finished garments located in New York
Factoring facility
Summit Financial Resources
$2M
Search engine marketing firm in Pennsylvania
A/R credit line
$500,000
Coffee production & distribution company in Kentucky
A/R & Inventory
credit line
$400,000
Sheet metal fabricator in Texas
A/R credit line
$300,000
Transportation service and repair company in Salt Lake City
A/R credit line
$2M
Food processor & distributor in California
A/R credit line
$200,000
Metal machine shop in Wisconsin
A/R credit line
Wells Fargo Capital Finance
$105M
Community Education Centers, Inc.
$40M first lien revolving credit facility and a $65M first lien term loan
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com