CFA's Advanced Account Management Workshop

Oct. 3, 2011
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The Secured Lender's October 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.

Deal Size
Borrower Details

Notes

Access Capital
$500,000
Seller of imported socks and hosiery to apparel companies, California
Credit facility
Aileron Capital Management
2,264,000

43,460-square-foot retail center, Spring Valley, CA

Bridge loan for the refinance
Amalgamated Capital
$15M
Support of the acquisition of Marshall Emergency Services Associates, PLLC (MESA) by Atlanta Equity Investors, LLC (Atlanta Equity).
Sole lead arranger of senior secured credit facilities
Bibby Financial Services
$2M
Designer and distributor of performance outerwear, apparel and accessories, California
Combined purchase order and factoring facility
$1M
Supplemental education services provider, California
Factoring facility
$600,000
Distributor of services parts, doors, frames and glass, Indiana
Factoring facility
$500,000
Specialty meats producer supplying grocery stores and distributors, Illinois
Factoring facility
Business Capital
$1M
Designer & manufacturer of fiberglass canopies
Accounts receivable and inventory line of credit, consisting of $750M senior revolving credit facility and $250M term loan

CapitalSource
$12.5M
Electric Guard Dog
Increase to its revolving credit facility, leading theft-deterrent service in the country
Celtic Capital Corporation
$1M
Distributor of appliance parts, Commerce, CA
Accounts receivable and inventory facility
$2.05M
Lumber distributor, truss and door manufacturer, Aurora, CO
Accounts receivable, inventory and equipment loan
Concord Financial Advisors
$4.02M
Exhibit manufacturer, Indiana
Senior secured credit facility SBA 7(a) term loan
Coral Capital Solutions
$9M
Alpine Limousine Service,
New Jersey
Factoring transaction
Crestmark's Baton Rouge, LA office
$750,000
Manufacturer of oil and gas drilling equipment, Louisiana
Accounts receivable purchase facility
$200,000
Reseller of imported timber, Colorado
Factoring facility
Crestmark's Hoboken, NJ office
N/A
Designer of loungewear, New York
Funds-as-collected agreement
$400,000
Manufacturer of netting, Florida
Working capital line
of credit
Crestmark's Nashville, TN office
$500,000
General freight hauler, Illinois
Accounts receivable purchase facility
$1,750,000
General freight hauler, Illinois
Accounts receivable purchase facility
Crestmark's Troy, MI office
$2.5M
Manufacturer of welding equipment, Michigan
Asset-based lending facility
$750,000
Producer of specialized vehicle rims, Ohio
Working capital line of credit
$500,000
Distributor of rubber and adhesive products, Missouri
Working capital line of credit
$43,000
Developer of laser technology, Michigan
N/A
$750,000
Wholesaler of frozen foods,
Illinois
Accounts receivable purchase facility
$250,000
Food service provider, Ohio
Accounts receivable purchase facility
Crestmark's West Palm Beach, FL office
N/A
Jobber of fabric to the apparel industry, New York
Funds-as-collected arrangement
$600,000
Industrial drilling company, Florida
Working capital line of credit
Diamond Business Credit
$1M
Manufacturer of high-end custom furniture based, the Carolinas
Line of credit
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
$4M
Flooring distributor, backed by accounts receivables and inventory
Asset-based lending working capital facility
$6M
First American Title Loans of Georgia, LLC
Working capital facility
$4.5M
Foam packaging designer
and manufacturer
Asset-based lending working capital facility
$4M
Kentec, Inc., a regional distributor of power tools and fasteners to the construction and woodworking industries,
Atlanta, GA
Revolving asset-based credit facility
FirstMerit Bank Business Credit
The deal listed below was published incorrectly in the September 2011 TSL Deal Alert under First Capital. FirstMerit Bank Business Credit completed the following deal:
$10.5M
SMWC Acquisition Co., Inc.
Revolving credit and term loan facility
Graystone Capital
$400,000
Software development company, Silicon Valley, CA
Accounts receivable letter of credit
$500,000
Interactive television company headquartered in Broomfield, CO
Accounts receivable line of credit
Greenfield Commercial Credit
$1.25M
Tubing manufacturer, Illinois
A/R and inventory line of credit
$1.25M
Large format printer, Tennessee
A/R line of credit
The Interface Financial Group (IFG)
$3.5M
Pipeline contractor, QLD, Australia
Spot factoring (invoice discounting)
$258,000
Mechanical contractor, Minnesota
Spot factoring (invoice discounting)
$596,000
Contractor, Georgia
Spot factoring (invoice discounting)
$296,000
Vegetation cleaning company, QLD, Australia
Spot factoring (invoice discounting)
$160,000
Temporary staffing company, NSW, Australia
Spot factoring (invoice discounting)
Investec Specialist Bank
EURO15M
F&C European Capital Partners LP (F&C)
Three-year loan facility
JD Factors
$50,000
Transportation company,
Ontario, Canada
Factoring facility
$2.5M
Utilities company, Florida
Factoring facility
$500,000
Transportation company, Illinois
Factoring facility
$50,000
Consulting company, Florida
Factoring facility
$500,000
Clothing company, Minnesota
Factoring facility
$100,000
Transportation company,
Ontario, Canada
Factoring facility
Marquette Equipment Finance
$996,000
Company in the mining industry
N/A
$300,000
Company in the agriculture industry
N/A
$338,000
Company in the technology industry
N/A
$350,000
Company in the insurance industry
N/A
$350,000
Company in the insurance industry
N/A
$1.5M
Company in the healthcare industry
N/A
$104,000
Company in the healthcare industry
N/A
Monroe Capital LLC
$22M
Links Global LLC, a third-party logistics business, Walnut, CA
Unitranche facility
$22.5M
West World Media, LLC
Unitranche facility and an equity co-investment
$17M
West Coast-based pet accessories company
Unitranche facility
Monroe Credit Advisors
$6M
Commercial finance company, New York
Senior secured revolving credit facility
NewStar Business Credit
$9,479,000
Cummings Resources, LLC, Nashville, TN
Senior secured
credit facilities
North Mill Capital LLC
$3M
Aspen Group, Maryland
Accounts receivable credit facility
$5M
Artco Group International, Inc. in Ohio
Accounts receivable and inventory credit facility
$6M
Bektrom Industries, with locations in New York, Michigan
and North Dakota
$5M accounts receivable and inventory credit facility for working capital and a $1M term loan against existing equipment and for future equipment purchases.
Sterling National Bank
$2M
Firm that provides warehousing for clients
Revolving line of credit
$14M
National firm that provides guard and maintenance services to corporations, cruise lines, supermarkets, government and buildings throughout the U.S.
Revolving credit facility
Summit Financial Resources
$1.5M
Wholesale lumber distributor, California
A/R credit line
$1M
Women's sportswear manufacturer, Midwest U.S.
A/R credit line
$600,000
logistics and fulfillment company, Salt Lake City
A/R credit line
$200,000
Welding and machine parts company, Boise
A/R credit line
$300,000
Manufacturer of oil filtering components, Northern Utah
A/R credit line
$850,000
Distributor of tractor trailer supplies, St. Louis
A/R credit line
$200,000
Manufacturer of shoes and clothing, Salt Lake City
A/R credit line
TAB Bank
$1.5M
Illinois Trading Company of Chicago
Credit line based on accounts receivable and inventory
$3M
Augmentity Systems, Inc., Chicago
Senior credit facility
TCE Capital Corporation
$400,000
A newly-established distributor of dollar store merchandise
Invoice discounting facility
$400,000
Established software provider
Bridge loan facility
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com