CFA's Senior Leadership Summit

Feb. 2, 2011
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The Secured Lender's Jan/Feb. 2011  issue

Welcome to the 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 March.

Deal Size
Borrower Details
Notes
Access Capital
 N/A
Start-up legal staffing company, New York City
Credit facility
Accord Financial Inc.
$1M
Distributor of licensed footwear, Fort Meyers, FL
Accounts receivable facility
Aileron Capital Management
$2.45M
A leading pharmaceutical manufacturer
Bridge loan for the acquisition of a new production facility in Tampa, FL
Ashford Finance
$7.5M
Importer whose focus is in consumer electronics, based in New England
Transactional line
of credit
Burdale Capital Finance, Inc.
$85M
Motor Coach Industries International, Inc.
Asset-based revolving credit facility
Bibby Financial Services
$2M
Southern California's largest vertically integrated apparel and fabric manufacturers
Factoring facility
 $1.2M
 Wholesale mirror supplier, San Diego, CA
 Factoring facility
$1M
Company that designs, develops and distributes GPS devices, La Porte, IN
Factoring facility
$2M
Supplier of high technology products and services to aerospace, defense, healthcare, manufacturing, public safety, telecom and transportation industries, Mississauga, ON
Factoring facility
$500,000
Barbeque accessories supplier, Niagara Falls, Ontario
Factoring facility
CapitalPartners Leasing
$9,000
Transportation company, Alabama
 N/A
$12,000
Call center, North Carolina
  N/A
$14,000
Transportation company, Alabama
  N/A
$25,000
Construction equipment rental company, Alabama
  N/A
$45,000
Transportation company, Georgia
  N/A
$97,000
Plastic injection molding company, Georgia
  N/A
$350,000
Restaurant, Alabama
  N/A
Celtic Bank
$2.85M million SBA 7(a)
Multi-unit fast food franchisee in the
Denver, CO area
Loan provided long-term commercial real estate financing plus a working capital component for operating and remodeling requirements
$2M
Textile manufacturer
and wholesaler,
Los Angeles, CA
SBA standard asset-based CAPLine
$1.4M
IT staffing company,
Foster City, CA
SBA standard asset-based CAPLine
$500,000
Foreign accounts receivable
SBA export express line of credit
$182,500
Video game developer, Redmond, WA
SBA 7(a) loan for refinancing of an existing line of credit
$750,000

IT staffing and
consulting firm,
Anaheim, CA

SBA Standard asset-based CAPLine
$350,000
Commercial janitorial services firm, Anaheim, CA
SBA express asset-based Line of credit
$2.75M
Wholesale metals distributor
SBA Standard Asset Based CAPLine, that included a $750,000 inventory sub-limit
500,000
Meat trader, Dallas, TX
SBA Export Express line of credit of foreign accounts receivable
Celtic Capital Corporation
$1M
Distributor of packaging materials, Denver, CO
Accounts receivable line of credit
$1.06M
Job shop metal fabricator, New Hope, MN
Accounts receivable line of credit and equipment loan
$2.161M
Manufacturer and distributor of wood flooring, Denver, CO
Accounts receivable line of credit and equipment loan
CIT Group Inc.
$7.4B
Service agreement with Pennsylvania Higher Education Assistance Agency (PHEAA)
Government-guaranteed loans; CIT will outsource all of its student loan servicing activities that are currently provided by its subsidiary Xpress Loan Servicing (XLS
Concord
  N/A
Manufacturer of precision machined parts
Retained to refinance the existing debt
Crossroads Financial
$1M
N/A
Inventory revolving line of credit
Crestmark's Nashville, TN office
$300,000
Trucking company, Illinois
 N/A
$500,000
Trucking company, Florida
 N/A
$750,000
Trucking company, Indiana
 N/A
Crestmark's Troy, MI office
$750,000
Information technology provider, Ohio
Working capital facility
$3.7M
Provider of precision machining, Michigan
Working capital facility
$2M
Distributor of printing supplies, Illinois
Working capital facility
$3.5M
Staffing company providing technical design/engineering services, Michigan
Working capital facility
Crestmark's West Palm Beach, FL office
N/A
Outdoor furniture importer, South Carolina
Funds-as-collected arrangement
$1.25M
Souvenir t-shirt supplier, Florida
N/A
$4M
Staffing company providing temporary and permanent employees, New York
N/A
$4.5M
Wholesaler of supplies to the hospitality industry,
South Carolina
N/A
Far West Capital
$700,000
Steck Office Resources, LLC
Working capital
Fifth Third Bank
 N/A
High Road Capital Partners' seventh platform acquisition for its debut fund, High Road Capital Partners Fund I, LP, with the acquisition of Dowden Health Media
Senior debt financing
First Capital Holdings, Inc.
$100M
Aggregate principal amount of Senior Notes due in 2015
Two of its subsidiaries
Gemino Healthcare Finance
$50M
Wells Fargo Capital Finance, part of Wells Fargo & Company
Senior credit facility
GE Capital, Corporate Finance
$150M
ArchBrook Laguna, an electronics and computer products distributor, Carsltadt, NJ
Administrative agent for an asset-based revolving credit facility
Gladstone Investment Corporation
$10.8M
Precision Southeast, Inc., Myrtle Beach, SC
Financing to support the recapitalization of Precision Southeast, Inc.
Graystone Capital
$300,000
Company that manufactures 100% authentic ethnic foods
Accounts receivable line of credit
Hartsko Financial Services
$4M
Dental cosmetics company, New York
Import financing transaction
$1.95M
Ten-year-old, high-end ladies' handbag importing business, New York
Import financing transaction
$1M
Established finished
jewelry seller, New York
N/A
$6M
Established company that sells steamers and vacuum cleaners through major retailers and home TV shopping networks,
New York
 N/A
$3M
Swimwear manufacturer selling an innovative line that protects users from hazardous sunrays, California
 N/A
Healthcare Finance Group, LLC
$85M
Personal-Touch
Home Care, Inc.
Consisted of a $45M revolving credit facility, a $30M fully funded senior secured term loan and a $10M subordinated loan facility
$150M
BioScrip, Inc.
Syndicated revolving credit facility, structured as an amendment and restatement of the previous senior secured facility which consisted of a $100M term loan and $50M unfunded revolver
Hennessey Capital LLC
$750,000
Staffing firm to replace their current lender and increase working capital
A/R and Inventory
line of credit
$500,000
LED and energy efficient lighting supplier to support payroll and increase inventory
Factoring facility
$200,000
Cutting tools distributor
Factoring facility
$100,000
Cell tower repair company
Factoring facility
JD Factors
$500,000
Fashion company, New York
Factoring facility
$50,000
Wood supply company, Florida
Factoring facility
$400,000
Staffing company, Illinois
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$75,000
Transportation company, Nevada
Factoring facility
$100,000
Skateboard distribution company, California
Factoring facility
$500,000
Transportation company, Tennessee
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$1.5M
Furniture & office supply company, Quebec, Canada
Factoring facility
Keltic Financial Services
$1.25M
Passaic Rubber Company, Wayne, NJ
$1M revolving line of credit and $250,000 term loan
King Trade Capital
N/A
N/A
Established a currency hedge on behalf of its client to lock in the profits of a solar farm project
Liquid Capital Corp.
$500,000
Company that services and maintains foreclosed properties
Factoring credit facility
$100,000
Temporary staffing company
Factoring credit facility
$100,000
Company that prints and is a promotional mailing broker
Factoring credit facility
$50,000
Online marketing company
Factoring credit facility
$1M
Company that distributes and provides screen printing and embroidering of miscellaneous garments
Factoring credit facility
$50,000
Company that
provides security professional staffing
Factoring credit facility
$750,000
Company that provides marketing & advertising
Factoring credit facility
$100,000
Company that
provides staffing
Factoring credit facility
$150,000
Trucking company
Factoring credit facility
$250,000
Company that is a wholesaler of natural
stone and polymeric sand
Factoring credit facility
Marquette
$2.5M
Calibre International, LLC
Credit facility
On Deck Capital
$15M
N/A
Series C financing
North Mill Capital
$4M
Designer, manufacturer and distributor of high quality rivets, Northvale, NJ
$4.7M accounts receivable and inventory facility and $300,000 equipment term loan
Paragon Financial Group
 N/A
JUNO Healthcare Registry, Inc.
Factoring facility
PNC
$25M
Pittsburgh-based System One Holdings, LLC, and its affiliate, Utility Partners of America, LLC
Senior secured revolving credit facility
$19.97M
System One Holdings, LLC, and Storage Products Group, LLC
Senior secured financing to support the management buy-out of Storage Products Group, LLC (SPG)
$25M
Ukpeagvik Inupiat Corporation (UIC)
Senior secured
credit facility
$16.3M
Mansfield Plumbing
Products, LLC
Senior secured financing package
$20M
Montachem International, Inc., part of the Montachem Group, Houston, TX
Revolving
credit facility
The Porter Capital Group
$50,000
Transportation brokerage company, Indiana
Factoring line
$75,000
Distributor of municipal uniforms, Alabama
Factoring line
$75,000
Specialty foods importer/exporter, Florida
 N/A
$75,000
Industrial staffing company, Alabama
 N/A
$150,000
Trade show display manufacturer, Tennessee
 N/A
$250,000
Wholesale distributor of office supplies, Tennessee
N/A
$250,000
Wholesale food distributor, Georgia
N/A
$500,000
Metal fabrication company, Alabama
N/A
$500,000
Metal fabrication company, Minnesota
N/A
$500,000
Recruiting and staffing company with offices located in AL, TN, NY
N/A
$1M
Sports apparel manufacturer/distributor, Florida
N/A
$2M
Metal fabrication company, Louisiana
N/A
Porter Bridge Loan Company
$19,000
Residential rehab company, Georgia
N/A
$182,000
Commercial advertising firm, New Jersey
N/A
$450,000
Residential rehab company, Tennessee
N/A
RDA Funding
$250,000
Purchase order line to a New York-based company, which imports human and synthetic wigs from Europe
Factoring facility
Riviera Finance
$250,000
Automated design company, California
Factoring facility
$150,000
Security guard company, Georgia
Factoring facility
$75,000
Trucking company, Toronto, Canada
Factoring facility
Spectra Financial Services, LLC
$200,000
Solar installation and supply company located in Arizona
Factoring facility
Sterling National Bank
$7M
Regency International Business Corporation
Line of credit
$2.25M
West coast based contract placement and direct hire firm established in 2003
Secured revolving line of credit
$5M
Spar Group, Inc.
Revolving line of credit facility
$10M
Well-established insurance premium finance lender
Revolving credit line
Summit Financial Resources
$300,000
Household products wholesaler, Salt Lake City
A/R credit line
$1.2M
Transportation company, Wisconsin
A/R credit line
$300,000
Distributor of electronic components, Northern California
A/R credit line
$600,000
Manufacturer of switches and power valves, Louisiana
A/R & Inventory line
$500,000
Wholesaler of collegiate apparel, North Carolina
A/R credit line
$300,000


Distributor of office furniture, Kansas City

A/R credit line
TAB Bank
$2M
JM Oilfield Service,
Quitman, AR
Senior credit facility
$5M
Halvor Lines, Inc.,
Superior, WI
Senior credit facility
TCE Capital Corporation
$3.5M
US investor for a large public communications company
Invoice discounting and demand revolving loan facility
Webster Business Credit
$9M
Princess House, Inc., Taunton, MA
Revolving credit facility and term loan
Wells Fargo Capital Finance
$10.5M
Apparel and accessories importer
Inventory purchase commitment
$15M
DTLR, lifestyle retailer targeting the young urban male, Hanover, MD
Administrative agent for a senior secured asset-based revolving credit facility
Working Capital Solutions, Inc.
$1.25M
Direct sales company, Southern California
Senior secured asset-based loan
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com