CFA's Advocacy Conference

August 1, 2011
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The Secured Lender's July/August 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 September!

Deal Size
Borrower Details

Notes

Access Capital

$1M
Global IT service provider, Illinois
Credit facility
Accord Financial Inc.
$4M
Company that manufactures plastic molded parts for the automotive, medical and high-tech industries, Pickering, Ontario
Accounts receivable, inventory and equipment facility
$1M
Company in the transport industry specializing in refrigerated trucks, Burford, Ontario
Accounts receivable and equipment facility
Ashford Finance
$2M
US specialized chemicals company
Purchase order financing facility
Burdale Capital Finance, Inc.
$25M
Precision Valve Corporation, a portfolio company of MML Capital Partners
Senior credit facility, consisting of a revolving facility as well as term loan A, B and C tranches
Business Capital
$1M
Wholesale distribution company, Southern California
Senior secured credit facility
$2M
Venture capital-backed, branded seafood brokerage,
Northern California
Senior secured credit facility
Celtic Capital Corporation
$1M
Commercial printing company, Tustin, CA
Accounts receivable line to replace its existing bank line
Crestmark’s Baton Rouge, LA office
$1M
Staffing company, Arizona
Working capital line of credit
$2M
Chemical company, Louisiana
Factoring facility
Crestmark's Hoboken, NJ office
N/A
New York designer of
women's apparel
Funds-as collected arrangement
N/A
Company that designs and sells women's apparel, New York
Funds-as collected arrangement
Crestmark's Nashville, TN office
$28M
Trucking company, Illinois
Accounts receivable purchase facility
$1.5M
Refrigerated trucking company, Pennsylvania
Working capital line of credit
$250,000
Freight broker, Indiana
Accounts receivable purchase
Crestmark's Troy, MI office
$750,000
Service provider to automotive suppliers, Ohio
Working capital line of credit
$2M
Manufacturer of confections, Ohio
Working capital line of credit
$1M
IT consulting firm, Michigan
Working capital line of credit
$1M
Distributor of raw and finished goods, California
Working capital line of credit
$350,000
IT consulting firm, Michigan
Accounts receivable purchase facility
$500,000
Phone services provider,
New York
Working capital line of credit
$4.5M
Automotive supplier, Ohio
Working capital line of credit
Crestmark's West Palm Beach, FL office
$500,000
Georgia tart-up staffing company, Florida manufacturer of security equipment
Accounts receivable purchase facility
N/A
Women's apparel company, Florida
Funds-as-collected arrangement
$2M
Manufacturer of security equipment, Florida
Working capital line of credit
$500,000
IT staffing company, Michigan
Working capital line of credit
N/A
Furniture distributor, North Carolina
Funds-as collected arrangement
$1.25M
Staffing and consulting company, Illinois
Working capital line of credit
Federal National Payables, Inc.
$1.5M
Program management and business support services to the federal government
Accounts
receivable facility
$1.2M
IT services provider allowing the firm to overcome obstacles of traditional financing
Accounts
receivable facility
$1M
Security service provider
to the federal government
Accounts
receivable facility
$800,000
Provider of cultural role player services to fuel its growth
Accounts
receivable facility
$500,000
Ship and boat repair services
firm to support its rapid growth
Accounts
receivable facility
$400,000
Provider of management and technology solutions
Accounts
receivable facility
$300,000
Start-up provider
of guard services
Accounts
receivable facility
$775,000
Manufacturer of machined components for the petroleum production and drilling industry, Southern United States
Facility, comprised of a revolver and term loan
$100,000
Recruitment and
staffing services provider
Accounts
receivable facility
First Capital
$6M
Manufacturer and wholesaler of janitorial supplies
Working capital facility
$10M
Tara Toy Corp., a designer, developer and importer of children’s toys.
Working line of credit
FirstMerit Bank Business Credit
$16M
HM (Harden Manufacturing) Operating Inc., Haleyville, AL
Revolving credit and term loan facility
GemCap
$1M

Manufacturer of specialty mountain bikes,
Western United States

Revolving credit facility, secured by inventory and receivables
Gibraltar Business Capital
$4M
Private equity-owned trade contractor serving the residential home building industry
Revolver
$500,000
Company that provides information technology and business consulting solutions, Michigan
Revolver
$3M
National designer and distributor of home décor accessories and wallcoverings, Ohio
Bankruptcy emergence revolver
Greenfield Commercial Credit
$2M
Manufacturer of Avionics Equipment, Texas
Revolving line of credit supported by A/R and Inventory
$1.7M
Distributor of Storage Data Systems, Ohio
Revolving line of credit supported by A/R and Inventory
J D Factors
$50,000
Transportation company, Illinois
Factoring facility
$150,000
Transportation broker,
Manitoba, Canada
Factoring facility
$50,000
Business training company, Ontario, Canada
Factoring facility
$50,000
Transportation company,
Ontario, Canada
Factoring facility
$100,000
Clothing company, Alaska
Factoring facility
$500,000
Transportation company,
Ontario, Canada
Factoring facility
$100,000
Transportation company, California
Factoring facility
$50,000
Solar training company, California
Factoring facility
Keltic Financial Services
$4M
Energex, Inc., a supplier of pellets in the Mid-Atlantic region, Mifflintown, PA
Revolving line of credit
Marquette Equipment Finance
$1.2M
Company in the
insurance industry
N/A
$1M
Company in the
healthcare industry
N/A
$156,000
Company in the
insurance industry
N/A
$241,000
Company in the landscaping equipment industry
N/A
$2.7M
Company in the
manufacturing industry
N/A
$313,000
Company in the
technology industry
N/A
NewStar Business Credit
N/A
Kobrin Builders Supply, Inc., Orlando
Revolving credit facility
Paragon Financial Group
N/A
Cable corporation that provides cable installation services for Time Warner Cable
Factoring facility
N/A
State government supplier, Jacksonville, FL
PO financing and accounts receivable factoring facility
PNC
$22M
Modern Group, Ltd., Bristol, PA
Senior secured revolving credit facility
$88M
Design Space Modular Buildings, Inc., Federal Screw Works and Blackhawk Industrial Distribution, Inc.
Senior secured financing
$20M
Federal Screw Works, a domestic manufacturer of industrial component parts, St. Clair Shores, MI
Senior secured financing package
$20M
BlackHawk Industrial, Tulsa, OK
Revolving credit facility
Sterling National Bank
$3M
Manufacturer of textile processing chemical
N/A
$6M
Provider of security guard services to schools, retail stores and industrial complexes
Factoring facility
$8M
International importer of crude, semi manufactured and fully manufactured raw materials as well as specialty minerals and tropical hardwoods from Brazil
N/A
Sterling National Bank/Sterling Factors
$4M
Importer and wholesaler of Missy Sportswear
Factoring facility
Sterling National Bank's Mortgage Warehouse Lending Group
$15M
Firm that sells and services originated mortgage loans
Facility to finance the origination or purchase of current productions
Summit Financial Resources
$100,000
Custom metal engraver, Wisconsin
A/R credit line
$400,000
Metal fabricator, Jacksonville, FL
A/R credit line
$2M
Manufacturer of injection molding plastic products, Georgia
A/R & inventory line
$1M
Producer and distributor of mulch products, Massachusetts
Inventory 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
$1.2M
Precision machining company, Massachusetts
A/R & inventory line
$700,000
Staffing firm, Maryland
A/R credit line
$700,000
Manufacturer of geotextile fabrics, Georgia
A/R credit line
$750,000
Onsite medical center, Indiana
A/R credit line
$700,000
Organic skin products manufacturer, Colorado
A/R credit line
$750,000
Recycling company, Iowa
A/R credit line
TAB Bank
$1.5M
KT Acquisition LLC dba KomTek Technologies, Worcester, MA

Senior credit facility

Wells Fargo Capital Finance
$6.5M
Highly seasonal specialty food products company, Wisconsin
Inventory purchase commitment
$40M
Marc Ecko Enterprises,
New York, NY
Senior secured credit facility
$3M
Wholesaler of merchandise, Florida
Annual purchase commitment
$4.5M
Provider of innovative, high quality, cost competitive products, including portable lighting and personal care accessories, Maryland
Inventory purchase commitment
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com