CFA's Advocacy Conference

July 1, 2011
Click here to access the latest issue of TSL online

The Secured Lender's May/June 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.

Need to find an older deal? Click here for the TSL Deal Alert archive for deals from December 2010 on.

Look for the next TSL Deal Alert during the first week of August!

Deal Size
Borrower Details

Notes

Ashford Finance

$8M
General merchandise distributor, West Coast
Purchase order financing facility
Bibby Financial Services
$1.25M
Manufacturing company, Massachusetts
Factoring facility
$500,000
Transportation company, Ontario
Factoring facility
$750,000
Chemical company, Ontario
Factoring facility
$500,000
Staffing company, Illinois
Factoring facility
$500,000
Service company, Florida
N/A
$5M
Printing company, Ontario
Factoring Facility
$2M
Automotive manufacturing group, Ontario
Factoring Facility
$1.75M
Telecommunication company, Florida
Export factoring facility
$250,000
Transportation company, Tennessee
Factoring Facility
$250,000
Wholesaler of nonwoven fibers, Massachusetts
Factoring Facility
$200,000
Temporary staffing company fulfilling government contracts, Washington, D.C
Factoring Facility
$200,000
Distribution company specializing in produce, North Carolina
Export factoring facility
$200,000
Outdoor apparel company, based in Colorado
Factoring Facility
Brookridge Funding
$1.9M
Three new clients
Two of the new facilities support Letters of Credit to be issued to foreign vendors. The other facility supports wires to be sent to domestic suppliers of software for its domestic client
Business Capital
$1.75M
Petroleum products and equipment supplier,
Northern California
Senior secured
credit facility
$3M
Rich media provider with unique technology and service that connects consumers, advertisers and publishers with rich, engaging and relevant interactive ad content
Credit facility
Celtic Bank
$2.25M
Healthcare staffing firm, Manhattan, NY
SBA Standard Asset Based CAPLine
$3.1M
Aluminum extrusion company, Carrollton, TX
$2.1M SBA 7(a) term loan and a $1M SBA standard asset-based CAPLine
Celtic Capital Corporation
$1M
Distributor of custom packaging material, Centennial, CO
Accounts receivable line to replace its existing bank line
CIT Group
RMB1.8B (approx. $275M)
Allows CIT Vendor Finance to fund new originations in China
Vendor Finance China funding facility
$204M
Refinancing of Ernest Health, a leading provider of post-acute care services and a portfolio company of Ferrer Freeman & Company, LLC
Senior secured
credit facility
Crestmark's Baton Rouge, LA office
$300,000
Supplier to the aerospace and medical industries, Alabama
Working capital line of credit
$2M
Provider of IP solutions, Texas
Factoring facility
$750,000
Tarp manufacturer, Alabama
Factoring facility
Crestmark's Hoboken, NJ office
N/A
Designer of pool accessories, New York
Funds-as-collected arrangement
N/A
Developer of computing travel accessories, New York
Funds-as-collected arrangement
N/A
Women's footwear designer, New York
Funds-as-collected arrangement
Crestmark's Nashville, TN office
$350,000
Start-up truck load carrier, Illinois
Accounts receivable purchase facility
$750,000
Refrigerated load hauler, Alabama
Accounts receivable purchase facility
Crestmark's Troy, MI office
$1.75M
Distributor of fuel and lubricants, California
Accounts receivable purchase facility
$250,000
Metal fabricator, Michigan
Accounts receivable purchase facility
$1.5M
IT staffing provider, California
Working capital line of credit
$500,000
Manufacturer of air pollution control devices, Michigan
N/A
$250,000
Heating and cooling service provider, Ohio
Accounts receivable purchase facility
$3M
Apparel designer, Missouri
Working capital line of credit
$500,000
Tool manufacturer, Michigan
Working capital line of credit
$750,000
Medical staffing company, Michigan
Working capital line of credit
$600,000
Machine tooling manufacturer, California
Working capital line of credit
Crestmark's West Palm Beach, FL office
$500,000
Staffing company, Florida
Accounts receivable purchase facility
First Business Capital Corp.
$4.5M
Manufacturer of wire products, Minnesota
Revolving line of credit
$6.5M

Manufacturer of
machine tools, Ohio

Revolving line of credit and CapX line of credit
First Capital
$1.5M
Importer of high quality furniture
Working capital line
of credit
$16M
United Pipe & Supply
Asset-based
lending facility
$5.5M
Northeast skiing equipment manufacturer and distributor
Asset-based lending facility, consisting of a revolver collateralized by accounts receivable and inventory
FirstMerit Bank Business Credit
$25.5M
The Selinsky Force, LLC,
North Canton, OH
Revolving credit and term loan facility
GB Merchant Partners
The two deals listed below were published incorrectly in the June 2011 TSL Deal Alert under GE Finance.
N/A
No Fear Retail Stores Inc., Carlsbad, CA
DIP term loan
$13M
Gradient Resources, , a geothermal energy company, Reno, NV
Term loan
GE Capital Commercial Distribution Finance
$2.3M
Agreement with Felling Trailers
Floorplan financing
GE Capital, Corporate Finance
$225M
X-Rite, Incorporated, a leading provider of color measurement systems and services
Cash flow credit facility, GE Capital Markets served as co-lead arranger
$700M
Blount International, Inc., Portland, OR
Administrative agent for cash flow credit facility
$115M
Grede Holdings LLC, Southfield, MI
Senior secured credit facility
$228.9M
To fund the development, construction and operation of Greenpac Mill, LLC, a greenfield recycled linerboard mill by Norampac, a division of Cascades, Inc.
Project finance credit facilities; GE Capital Markets acted as sole lead arranger and sole book runner.
GemCap
$1.78M
Manufacturer of PET (Polyethylene terephthalate) plastic containers for beverages and food
Credit facility
Gerber Finance Inc.
$2.8 M
Pilgrim Screw Corporation
Line of credit for working capital purposes
$3M
Schofield Stone
Asset-based facility
$6M
Trans Pacific Steel LLC, an international steel trading company
Trade finance facility
Greenfield Commercial Credit
$800,000
Distributor of specialty lumber products, Ohio
Line of credit
The Interface Financial Group
$880,000
Drywall contractor, Georgia
Spot factoring (invoice discounting) financing
$230,820
Staffing company, California
Spot factoring
$232,276
Contract Electronic company, Indiana
Spot factoring
$249,850
Sub-contractor, California
N/A
$189,200
Hazardous waste training company, Washington
N/A
$108,000
Packaging distributor, Oregon
N/A
$132,660
Natural Flavor Technology company in VIC, Australia
Spot factoring
$216,380
to transportation Company in NSW, Australia
Australian dollars
$110,000
Trucking company, Manitoba, Canada
Spot factoring
£55,000 (GBP)
Supply joinery contractor, Cheshire, UK
N/A
£50,000 (GBP)
Online research data company, Colchester, UK
N/A
Keltic Financial Services
$5M
Columbia Systems International of South Carolina, LLC
Revolving line of credit
King Trade Capital
$10M
Distributor of plastic resin
Purchase order funding facility
$3M
Garment company
Trade finance facility
Liquid Capital
$150,000
Company which provides natural confectionery products
Factoring credit facility
$150,000
Company which coats and paints equipment and products used in a wide array of industries
Factoring credit facility
$200,000
Company which bottles and distributes water
Factoring credit facility
$50,000
Company which provides Custom Tool design and build Services
Factoring credit facility
$1M
Company that develops & imports high quality hardwood floor products for distribution in the US
Factoring credit facility
$500,000
Company that does masonry specialty products
Factoring credit facility
$170,000
Company that distributes, installs and services video camera and related electronics to police and first responders
Factoring credit facility
$250,000
Trucking company that received a great opportunity to get more business & grow
Factoring credit facility
$150,000
Cargo transportation/trucking company that needed working capital for fuel, payroll and repairs
Factoring credit facility
$150,000
Communications contractor company
Factoring credit facility
$200,000
Medical transportation company that is getting more business but had funds tied up in accounts receivable, therefore they were at a standstill on their growth of the company.
Factoring credit facility
$750,000
Company that provides medical claims analysis and claim discount negotiations
Factoring credit facility
$250,000
Company that provides prisoner transportation services.
Factoring credit facility
$100,000
Company that provides plumbing, heating and sanitation
Factoring credit facility
$1M
Company that performs structural steel erection for various steel fabricator contractors
Factoring credit facility
$1.5M
Wholesaler & distributor of pharmaceutical supplies, compounds and vitamins.
Factoring credit facility
$50,000
Company that distributes and serves electronic and hydraulic equipment
Factoring credit facility
$250,000
Company that services major hospitals in the South Florida area with outsourced speech evaluations and therapy
Factoring credit facility
$250,000
Company that provides network architecture, design, validation and assurance.
Factoring credit facility
$500,000
Company that shapes/lengths metal rods for various energy companies
Factoring credit facility
$100,000
Trucking company
Factoring credit facility
$100,000

Company that washes
mobile trucks

Factoring credit facility
$1.025M
Company that provides marketing and promotions for DVD’s and gaming items
Factoring credit facility
$2.5M
Company that installs wind turbines to commercial and residential properties.
Factoring credit facility
Monroe Capital
$28.45M
Evergreen Maintenance Center
Unitranche credit facility
$23M
The O'Gara Group,
Cincinnati, OH
Unitranche facility
NewStar Business Credit
$9M
Huntleigh USA Corporation, St. Louis, MO
Credit facility
Oxford Finance LLC
$4M
Platinum Health Care LLC
Senior debt
$4M
N/A
Financing package included a $3.5M senior secured term loan and a $500,000 revolving line of credit
Paragon Financial Group
N/A
International home goods importer, New York
N/A
N/A
Staffing deal with a company, Carmel, IN
N/A
N/A
Major cable communications installation contractor for Time Warner Cable, Simi Valley, CA
Invoice factoring
N/A
Door-to-door cable sales contractor, California
Invoice factoring facility
N/A
Door-to-door cable sales contractor, Milwaukee, WI
Invoice funding
PNC
$90M
Orchard Brands Corporation, Beverly, MA
Senior secured financing
Presidential Financial
$1.5M
Manufacturer of LED and fiber optic lighting systems, Florida
Accounts receivable and inventory credit facility
$1M
Fabricator of metal components for the aerospace and defense industries, Florida
Accounts receivable facility
$2M
Manufacturer of automotive floor mats, Georgia
Accounts receivable and inventory credit facility
$500,000
Construction management consulting firm, Georgia
Accounts receivable credit facility
Siemens Financial Services, Inc.
$3.2M
North Oakland – North Macomb Imaging, Inc.,
Rochester Hills, MI
Tax-exempt finance solution
Sky Business Credit
$50,000
Transportation company, Texas
Factoring facility
$100,000
Consultants/inspectors to the auto industry, Indiana
Factoring facility
$50,000
Staffing company, Michigan
Factoring facility
$50,000
Manufacturer, Minnesota
Factoring facility
$75,000
Food manufacturer, Florida
Factoring facility
$150,000
Government contractor, Virginia
Factoring facility
Spectra Financial Services, LLC
$300,000
Wholesale apparel company, New Jersey
Factoring facility
$4M
Wholesale distributor, California
Factoring facility
$100,000
Janitorial and maintenance company, Utah
Accounts receivable line of credit
Sterling National Bank
$4.4M
Wholesaler and distributor of bedding and accessories to national and independent retailers
Credit facility
$12M
Wholesale distributor of wire, cable and connectivity products and services
Revolving credit line
$2.5M
Company that provides transportation for liquid and dry cargo freight
Senior secured
line of credit
$5M
Medallion management company that leases taxi medallions licensed by the NYC Taxi and Limousine Commission
Revolving line of credit
Summit Financial Resources
$1.65M
Manufacturer of athletic apparel, Missouri
A/R credit line
$500,000
Manufacturer of custom industrial fasteners, Illinois
A/R credit line
$750,000
Technology firm,
Northern California
Credit line
$1M
Manufacturer of electrical equipment, Southeast
A/R & inventory line
$500,000
Medical staffing company, Denver, CO
A/R line
$2M
Food distributor, Los Angeles
A/R & inventory line
$500,000
Metal fabricator, Wisconsin
A/R & inventory line
$400,000
Security firm, Illinois
N/A
$500,000
IT consulting firm, Virginia
A/R credit line
$2M
Manufacturer of electrical connectors, Florida
A/R & inventory line
TAB Bank
$3M
eCommission Financial Services, Austin, TX
Senior credit facility
US Capital Partners, LLC
$4M
Steven Counts, Inc., Summerfield, FL

Senior secured
credit facility

$5M
Consensus Orthopedics, Inc.,
El Dorado Hills, CA
Senior secured
credit facility
Wells Fargo Capital Finance
N/A
Three clients, including two apparel designers and distributors and a building products distributor
Purchase order financing
$70M
Coldwater Creek, Sandpoint, ID
Credit facility, including a last-out senior secured term loan credit facility for $15M provided by the Retail Junior Capital team
 
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com