CFA's 67th Annual Convention

Sept. 2, 2011
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The Secured Lender's September 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 October!

Deal Size
Borrower Details

Notes

Accord Financial Inc.
$1M
Company in Markham, Ontario
Accounts receivable and LC facility
Aileron Capital Management, LLC
$9M
Large, independently owned
auto liquidator
SBA 504 loan
$1.2M
Creative World Day Care franchisee, for the acquisition of an 8,170-square-foot facility, Wesley Chapel, FL
SBA 504 loan
Bank of America Merrill Lynch, Barclays Capital and J.P. Morgan
$2B
CIT Group Inc.
Committed revolving credit facility with a syndicate of key relationship banks. with Bank of America, N.A. serving as administrative agent.
Bibby Financial Services
$1M
Wholesaler of environmentally safe products, Florida
Combined facility, consisting of a factoring facility and purchase order finance
$750,000
IT temporary staffing firm, Minnesota
Factoring facility
$750,000
Importer and distributor,
Maryland
Factoring facility
$500,000
Manufacturer, Ontario
Export factoring facility
$400,000
Temporary staffing company providing staff for international projects in the automotive industry, South Carolina
Export factoring facility
$250,000
Apparel company, New Jersey
Factoring facility
$250,000
Transportation company, Indiana
Factoring facility
$1M
Developer of educational materials and curriculum, Washington
Factoring facility
$1M
Wholesaler of environmentally safe products, Florida
Combined facility, consisting of a factoring facility and purchase order finance
$500,000
Transportation company, California
Factoring facility
$250,000
General labor temporary staffing company, Ontario
Factoring facility
$250,000
Transportation company, Ontario
Factoring facility
$250,000
High-fashion apparel company, Florida
Factoring facility
$250,000
Automotive parts supplier, Michigan
Factoring facility
Breakwater Investment Management, LLC
N/A
Emerging sports nutrition company out of its Breakwater Structured Growth
Opportunities Fund
Growth capital investment
Burdale Financial Limited
£11M
Acquisition of the business
of G&J Greenall
Asset-based lending facility
Business Capital
$1M
Medical company, Northern California
Revolving credit facility
California Bank & Trust
$7.3M
Manufacturer of plastic products, Southern California
Term loan, secured line of credit and lease line
$15M
Manufacturer of Aluminum Extrusions, Southern California
Unsecured revolving line of credit
CapFlow Funding Group
$500,000
Flat Fitty, LLC, Carlsbad, CA
Working capital facility
Capital One Leverage Finance Corp.
$18.3M
NCS Technologies, Inc.
Revolving credit facility
$30.6M
Lexington Precision Corporation
Revolving credit and term loan facility
$6.3M
American Civil Constructors Holdings, Inc. (ACC)
N/A
Celtic Capital
$1M
Marketing company for educational institutions, Scottsdale, AZ
Accounts receivable line
$2M
Distributor of fresh and frozen seafood, San Francisco, CA
Accounts receivable line
Coral Capital Solutions
N/A
Universal Management Solutions (UMS)
Factoring transaction
Crestmark's Baton Rouge, LA office
$500,000
Provider of testing and evaluation services, Arizona
Working capital line of credit
$1M
Mechanical services provider, Texas
Working capital line of credit
$500,000
Staffing contractor, Alabama
Accounts receivable purchase facility
$500,000
Provider and installer of commercial floor covering, Texas
Factoring facility
$200,000
Retailer and wholesaler of tools, Louisiana
Factoring facility
$950,000

 

Provider of pipeline inspection
and management services,
New Mexico

Factoring facility
Crestmark's Hoboken, NJ office
N/A
Designer of intimate apparel, Canada
Funds-as-collected agreement
N/A
Designer of handbags and accessories, New York
Funds-as-collected agreement
Crestmark's Nashville, TN office
$750,000
Trucking company, Illinois
Accounts receivable purchase facility
$250,000
Freight broker, New Jersey
Accounts receivable purchase facility
$200,000
Freight brokerage, Kentucky
Accounts receivable purchase facility
$400,000
Truckload carrier, Florida
Accounts receivable purchase facility
$750,000
Start-up trucking company, Ohio
Accounts receivable purchase facility
Crestmark's Troy, MI office
$200,000
Trucking company, Indiana
Accounts receivable purchase facility
$500,000
Property services company, Michigan
Accounts receivable purchase facility
$1M
Commercial printer, Kentucky
Asset-based lending facility
$5M
Robotics company, Michigan
Working capital line
$750,000
Transportation services company, Michigan
Accounts receivable purchase facility
$800,000
Medical supply company, California
Working capital line
of credit
$500,000
Provider of mental health treatment services, Florida
Accounts receivable purchase facility
$500,000
Manufacturer of military vehicles, Michigan
Working capital line
of credit
$1M
Producer of sport training equipment, California
Working capital line
of credit
Crestmark's West Palm Beach, FL office
$1.5M
Appraisal and home inspection provider, Florida
Working capital line
of credit
$1.25M
Staffing provider to the energy industry, Maine
Working capital line
of credit
$1M
Security staffing provider, California
Working capital line
of credit
$1M
Temporary staffing firm, Kentucky and Texas
Working capital line
of credit
N/A
Textile importer, Georgia
Fund-as-collected arrangement
$1.25M
Aggregate hauler, South Carolina
Working capital line
of credit
$750,000
Start-up staffing company, Florida
Accounts receivable purchase facility
$1.75M
Temporary staffing company, Texas
Working capital line of credit
N/A
Importer of home furnishings, Florida
Funds-as-collected arrangement
$4M
Healthcare staffing company, Florida
Asset-based line of credit
$650,000
Staffing company, Michigan
Accounts receivable purchase facility
Doral Healthcare Finance (DHF)
$7M
National nursing home chain for Texas locations
Asset-based working capital facility
$3.3M
Nursing home chain, Utah
Asset-based working capital facility
$3M
Home health company specializing in personal care assistance and adult day care services located in the Northeast Tri-State region
Asset-based working capital facility
Finacity Corporation
N/A
CHC Helicopter Corporation, Vancouver, B.C.
Successfully increase from $55M to $75M of an existing trade receivable securitization
First Business Capital Corp.
$7.5M
Wholesale distributor of petroleum products, Michigan
Revolving line of credit
$6.4M
Manufacturer of molded plastic parts, Indiana
Revolving line of credit and term loan
First Capital
$8M
Bartash Printing, Inc., a commercial printer
Asset-based
lending facility
$2.75M
Cady Bag Company, a manufacturer of agricultural
and BOPP high graphic
flexible packaging
Working capital facility
$10M
First Service Networks
Asset-based credit facility
$5M
Baum Textile Mills, Inc.
Line of credit
FirstMerit Bank Business Credit
$10.5M
SMWC Acquisition Co., Inc.
Revolving credit and term loan facility
Forest Capital
$750,000
Graphic materials company, Kenilworth, NJ
N/A
Gemino Healthcare Finance
$3M
Radiology Corporation of America (RCOA), Delray Beach, FL
Revolving line of credit
Gibraltar Business Capital
$1.5M
Privately held staffing business, Chicago
Revolver
$2.5M
Consulting firm that provides business, technology and staffing solutions nationwide, New Jersey
Revolver
Graystone Capital
$750,000
Global information exchange company, Southern California
Multi-tiered credit facility
Greystone Commercial Services LP
$2.75M
Government services company, Florida
Factoring facility
$4M
IT staffing/consulting company, New Jersey
Factoring facility
$650,000
Distribution company, Florida
Factoring facility
$650,000
Transportation company,
New York
Factoring facility
Harborcove Healthcare Finance
$300,000
Rehabilitation center, California
Accounts receivable facility
$300,000
Alcohol treatment center, California
Accounts receivable facility
Healthcare Finance Group, LLC
$20M
Loma Linda University Medical Center-Murrieta
Revolving credit facility
J D Factors
$50,000
Transportation company,
Ontario, Canada
Factoring facility
$500,000
Transportation company,
Alberta, Canada
Factoring facility
$200,000
Clothing distribution company, Ontario, Canada
Factoring facility
$500,000
Transportation company, Pennsylvania
Factoring facility
$250,000
Pump and equipment company, Texas
Factoring facility
$150,000
Transportation company,
New Jersey
Factoring facility
$250,000
Transportation company, Florida
Factoring facility
$2M
Furniture company, California
Factoring facility
$150,000
Box and printed material supply company, Quebec, Canada
Factoring facility
$400,000
Transportation company,
Ontario, Canada
Factoring facility
Keltic Financial Services
$6.75M
Manufacturing firm,
Northeastern U.S.
Credit facility
Marquette Equipment Finance
$340,000

Company in the
manufacturing industry

N/A
$1M
Company in the
yellow equipment industry
N/A
$4,886,497
Company in the
transportation industry
N/A
$250,000
Company in the
mining industry
N/A
$2,754,278
Company in the
manufacturing industry
N/A
Monroe Credit Advisors
$11.25M
Private debt fund, New York
Unitranche
loan facility
New Star Financial
$16M
Accubuilt, Lima, OH
Revolving
credit facility
North Mill Capital LLC
$3.15M
Kerns Trucking, Inc.,
North Carolina
Credit facility
$400,000
Landscaper, Northern New Jersey
Accounts receivable credit facility
$700,000
Food distributor, New York
Accounts receivable credit facility
Oxford Finance LLC
$258.8M
N/A
Term loan securitization transaction
$15M
MidAtlantic Health Care, LLC
Revolving line of credit
Paragon Financial Group
N/A
Start-up property maintenance company, Florida
Invoice factoring facility
N/A
Door-to-door cable sales company, Union, NJ
N/A
Presidential Financial
$4M
Award-winning marketing agency specializing in brand innovation, interaction and development, located in Georgia and New York
Accounts receivable credit facility
$3M
Manufacturer of innovative juvenile and baby products, Pennsylvania
Accounts receivable and inventory
credit facility
Presidential Healthcare Credit
$3M
Provider of home healthcare services, New York
Accounts receivable credit facility
Siemens Financial Services, Inc.
$5.7M
Support the development of a new outpatient surgery center, doing business as the Surgery Center of Anchorage,
Anchorage, Alaska
N/A
Sterling National Bank
$5M
Firm that provides purchase order financing, letters of credit and traditional factoring services to small- to medium-sized import companies.
Sight letter of credit
$2M
Firm engaged in the importing of self locking nuts for national distribution to other distributors, jobbers and volume users.
Revolving line of credit
$10M
Retail mortgage banker
Master repurchase facility
$5M
Importer and jobber of men's, ladies’ and children's apparel that sells to specialty retailers and discount department stores throughout the U.S.
Factoring facility
N/A
$5M provider of permanent and temporary staffing that offers infrastructure solutions
Factoring facility
Summit Financial Resources
$3M
Manufacturer of cash handling machines, North Carolina
A/R & inventory line
$750,000
Mailing fulfillment center,
Aurora, CO
A/R credit line
$2M
Wine distributor, Denver
A/R credit line
$2M
Promotional marketing company, Provo, Utah
A/R credit line
$300,000
Paper binding services company, Wisconsin
A/R credit line
$750,000
Manufacturer of plastic machine parts, Kansas
A/R & inventory line
$500,000
Manufacturer of specialty uniform apparel, California
A/R & inventory line
TAB Bank
$5M
N/A

Asset-based line of credit

$2.25M
N/A
Five A/R lines of credit
$2.25M
N/A
Two participation loans
$250,000
Capital lease purchase
from lease originator
N/A
$10M
PureTek Corporation,
San Fernando, CA
Credit line based on accounts receivable and inventory
Wells Fargo Capital Finance
$35M
TAP Automotive, Inc.,
Los Angeles, CA
Senior secured
credit facility
$32.5M
TruGreen LandCare L.L.C., Ijamsville, MD
Senior secured
credit facility
Wells Fargo Capital Finance Retail Finance Division
$200M
Charming Shoppes, Inc., Bensalem, PA
Joint lead arranger and joint bookrunner for a senior secured, asset-based revolving credit facility
Wells Fargo Capital Finance's Trade Capital
$55M
Knights Apparel, Inc.
Senior secured committed credit facility
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com