CFA's Senior Leadership Summit

March 1, 2011
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The Secured Lender's Jan/Feb. 2011  issue

Welcome to 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 April.

Deal Size
Borrower Details
Notes
Access Capital
 $2.25M
IT consulting firm specializing in project management staffing and "Smartsourcing"
N/A
Accord Financial Inc.
$8M
Transportation company,
Guelph, Ontario
Accounts receivable and equipment facility
Ashford Finance
$2M
Wine importer
based in the Midwest
Purchase order financing facility
Bibby Financial Services
$5M
Family-owned manufacturer
and distributor of toys,
novelties and gifts
Line of credit
$1M
Nationwide appraisal management company, California
Factoring facility
$750,000
Plastic polymer manufacturer, California
Factoring facility
$500,000
Transportation company, Ontario
Factoring facility
$250,000
Temporary staffing company, Arizona
Factoring facility
$250,000
Transportation company, Indiana
Factoring facility
$250,000
Contemporary women's wear importer, California
Factoring facility
Celtic Bank
$3.5M
National wholesaler
of plastic resins,
Long Beach, CA
SBA Standard Asset Based CAPLine, which includes a $700,000 inventory component
Cole Taylor Business Capital
$10M
Optical Experts Manufacturing, Inc., Charlotte, NC
Senior credit facility
$11.325M
Johnston Textiles, Inc.,
Phenix City, AL
Senior credit facility
Coral Capital Solutions
$3M
Millennium Design Co. USA Ltd., a manufacturer and distributor of gemstones, fine diamond and gemstones gold jewelry, Thailand
Factoring transaction
Crossroads Financial
$1.5M
Major bath mat manufacturer
P.O. financing
$1.5M
Heat warmer manufacturer
Inventory financing
Crystal Financial
$20M
Covenant Care,
a portfolio company of
Centre Partners
Second lien loan
Diamond Business Credit
$250,000
Manufacturer of precast concrete products
used in the nation's
highway system
Line of credit
Entrepreneur Growth Capital
$1M
Business service provider,
New York
Revolving credit facility
First Capital
$13.15M
Madison Kipp
Asset-based facility $10.5M senior secured line of credit and a $2.65M term loan
$25M
Leading manufacturer of outdoor furniture and accessories
Asset-based lending facility
Gemino Healthcare Finance
$5M
AllianceCare
Revolving line of credit
GE Capital, Corporate Finance
$300M
Georgia Gulf Corporation, a leading chemicals company
Asset-based revolving credit facility
$150M
Tourneau
Asset-based credit facility
Gibraltar Business Capital
$2.5M
Medical supply company, Florida
Revolver
$600,000
Manufacturer and formulator of ingredient mixes tailor made for bakeries, New Jersey
Factoring facility
Healthcare Finance Group, LLC
$7.5M
Saint Joseph's Medical Center, Yonkers, NY purchase of St. Vincent's Hospital Westchester of Harrison, NY
Term debt facility
The Interface Financial Group (IFG)
$482,880
Drywall contractor, Georgia
Spot factoring
(invoice discounting)
$296,289
Transportation company, New South Wales, Australia
(Australian dollars) of spot factoring (invoice discounting)
$255,540
Commercial painting contractor, Maine
N/A
$245,444
Screen printer, Arizona
N/A
$205,271
Accounting firm, Georgia
N/A
$201,013
Millwork contractor, Washington
N/A
$167,740
Packaging distributor, Oregon
N/A
$155,816
Roofing contractor, Colorado
N/A
$129,405
Roofing contractor, Louisiana
N/A
$112,740
Temporary staffing company, Wisconsin
N/A
92,561 [British sterling]
Leather goods manufacturer,
London, England
Spot factoring
(invoice discounting)
$448,899
Drywall contractor, Georgia
Spot factoring
(invoice discounting)
$134,429
Pool products manufacturer, California
Spot factoring
(invoice discounting)
$108,839
Roofing contractor, Colorado
N/A
$101,221
Staffing agency, California
N/A
$98,392
Packaging distributor, Oregon
N/A
$94,485
Cabling contractor,
New York
N/A
$93,402
Flooring distributor,Texas
N/A
$76,594
Temporary staffing company, Wisconsin
N/A
$68,065
Electronics manufacturer,
Indiana
N/A
$67,501
Framing contractor, California
N/A
$64,207
Control valve distributor, Louisiana
Spot factoring
(invoice discounting)
JD Factors
$100,000
Transportation company, Quebec, Canada
Factoring facility
$150,000
Transportation company, Quebec, Canada
Factoring facility
$500,000
Telecommunications company,
British Columbia, Canada
Factoring facility
$300,000
Transportation company, Ontario, Canada
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$50,000
Staffing company, Colorado
Factoring facility
$200,000
Electricity and cabling contractor, Quebec, Canada
Factoring facility
$150,000
Transportation company, California
Factoring facility
$50,000
Transportation company, Florida
Factoring facility
$100,000
IT consulting company, Arizona
Factoring facility
$50,000
Transportation company,
New York
Factoring facility
$150,000
Transportation company, Illinois
Factoring facility
$750,000
Moving and storage company, Quebec, Canada
Factoring facility
$500,000
Transportation company, Texas
Factoring facility
$250,000
Gas and oilfield transportation company, Colorado
Factoring facility
Laguna Commercial Capital, LLC
$400,000
Rehabilitation center, Malibu, CA
N/A
Lenders Funding
N/A
N/A
Renewed its credit facility with Sovereign Bank. TAB Bank added as a participant
Liquid Capital Corp.
$500,000
Company that manufactures
vinyl products and
distributes garden products
Factoring credit facility
$300,000
Company that provides IT staffing and recruiting services
Factoring credit facility
$100,000
Company that imports & distributes tile and other
related products
Factoring credit facility
$250,000
Company that manufactures outdoor lighting products
Factoring credit facility
$350,000
Company that distributes
lighting fixtures
Factoring credit facility
$300,000
Company that imports small foam outboard engines from China then distributes them to large merchants in the US and Canada
Factoring credit facility
$500,000
Company that does marketing and consulting for Fortune 500 companies
Factoring credit facility
$200,000
Company that provides security integrations and telecom consulting
Factoring credit facility
$150,000
Company that provides metal finishing services
Factoring credit facility
$150,000
Company that provides telecommunication services
Factoring credit facility
$75,000
Company which provides disaster restoration and cleaning services
Factoring credit facility
$50,000
Company which provides sheet metal, heating, plumbing and gas fitting, air conditioning and refrigeration
Factoring credit facility
$200,000
Company which provides
vac and water truck services
Factoring credit facility
$500,000
South African producer and distributor of dried fruits
Non recourse factoring facility
$250,000
Software company that sells proprietary software, services and training to 3 companies in the aerospace industry, Florida
Factoring facility
Regions Business Capital 
$42M
Leading global consumer products company that designs, distributes and markets a portfolio of children's products
N/A
$31.1M
Private-equity-sponsored provider of services to the offshore oil and gas industry
N/A
$25M
Provider of offsite document storage services
N/A
$40M
Private investment fund
N/A
Sterling National Bank
$15M
Sister companies located on the West coast that provide temporary staffing, payroll and management consulting services
Revolving credit facility
Sterling National Bank/Sterling Factors
N/A
$9M swim wear manufacturer selling to major retailers
Factoring facility extended
Sterling National Bank/Sterling Capital Funding
N/A
Global provider of project management resources and consultant services with an emphasis in the financial marketplace
Factoring facility
TCE Capital Corporation
$300,000
Well-established
aerospace parts supplier
Invoice discounting and demand revolving loan facility
$20M
Charming Charlie, Inc.,
Houston, TX
Senior secured, asset-based revolving
credit facility

 

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