CFA's Collateral Control Workshop

Nov. 2, 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.

Our next Deal Alert will be sent during the first week of December.

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

Ally Commercial Finance
$35M
Upstream Rehabilitation, Inc., national provider of outpatient rehabilitation therapy services
Senior secured credit facility
Ashford Finance
$2.5M
American shoes & footwear Importer based in the East Coast
Asset-based credit facility
$2M
Company focusing on quality clothing, accessories and shoes being sold to distributors nationwide, East Coast
Revolving facility
Atlas Partners, LLC
N/A
30,000-square-foot industrial property, Newington, CT
Marketed and sold property for a private equity sponsor
BDC Capital Corporation
$2.4M
Commercial and residential installer of tile and stone
Term loan
Bibby Financial Services
$1M
Manufacturing company,
Los Angeles, CA
Factoring
$250,000
Transportation company hauling general freight, lumber and chemicals, Athens, GA
Freight bill factoring
$500,000
Paper distributor, Newmarket, Ontario
Factoring
$250,000
Importer and wholesaler of high quality giftware, Mississauga, Ontario
Factoring
$250,000
Distributor, British Columbia
Factoring
Business Capital
$1M
West coast-based manufacturer of solar products
Credit facility
Capital Finance and Gemino Healthcare Finance
$10M
MetroSouth Medical Center, a full-service medical facility,
Blue Island, IL
Revolving line of credit
Capital One Leverage Finance Corp.
$35M
Richards Building Supply Company, Chicago
Revolving credit facility
Celtic Capital Corporation
$2M
Manufacturer of fiberglass enclosed monitoring systems, Tualatin, OR
Accounts receivable and inventory lines of credit and equipment loan
$1.328M
Commercial gardening business, Hayward, CA
Accounts receivable and equipment loan
$500,000
Provider of waste hauling services, Glendale, AZ
Accounts receivable loan
Crestmark's Baton Rouge, LA office
$5M
IT consulting firm, Maryland
Working capital line
of credit
$3M
Printing company, Texas
Working capital line
of credit
$800,000
Medical consulting company, Pennsylvania
Working capital line
of credit
$1M
Manufacturer of oil and gas production equipment, Texas
Working capital line
of credit
Crestmark's Hoboken, NJ office
N/A
Designer and developer of wholesale apparel, California
Funds-as-collected agreement
Crestmark's Troy, MI office
$950,000
Technology manufacturer, Michigan
Working capital line of credit
$250,000
IT consulting firm, Michigan
Accounts receivable purchase facility
$500,000
Steel hauler, Michigan
Working capital line of credit
$750,000
Provider of promotional products, Michigan
Working capital line of credit
$500,000
Provider of IT services, Missouri
Working capital line of credit
$750,000
IT staffing company, Ohio
Accounts receivable purchase facility
Crestmark's West Palm Beach, FL office
$2M
Staffing company in California providing municipal employees and a funds as collected agreement to a Florida wholesaler of women's denim apparel
Working capital line
of credit
Entrepreneur Growth Capital
$1M
Relevante, Inc.
Line of credit used to pay off its existing factor, Prestige Capital, and to provide additional working capital
Finacity Corporation (with with Norddeutsche Landesbank Girozentrale (NORD/LB)
N/A
The Manitowoc Company, Inc.
Facilitated the successful addition of German and Canadian receivables to an existing securitization
First Capital
$16M
M.M. & R., an apparel distributor
Working line of credit
$10M
Global manufacturer of innovative metalworking fluids and specialty industrial chemicals company
Asset-based
credit facility
FirstMerit Bank Business Credit
$9M
Hodell-Natco Industries, Inc., a distributor of industrial fasteners, Cleveland, OH
Revolving credit facility, used to refinance existing debt and provide additional working capital
$8M
Clinical Research Management, Inc., a full service Contract Research Organization,
Hinckley, OH
Revolving credit facility, used to refinance existing debt and provide additional working capital
$16M
Network Polymers, Inc., a leading single-source supplier of high quality thermoplastic materials and resins, Akron, OH
Revolving credit and term loan facility to refinance existing debt and provide additional working capital
$7.5M
Lexington Machining, LLC, a manufacturer of aluminum, stainless steel, brass, and steel precisioned components, Rochester, NY
Revolving credit and term loan facility, used to finance the acquisition and provide additional working capital
$8.8M
Continental Datalabel, a manufacturer of pinfeed, thermal, and laser/ inkjet pressure sensitive labels, cards and ribbons, Elgin, IL
Revolving credit and term loan facility
N/A
Tradex International, Inc., a leading marketer and distributor of branded disposable gloves and other barrier safety products, Cleveland, OH
Revolving credit and term loan facility
$8.5M
Ohio Valley Manufacturing, Inc., Mansfield, OH
Revolving credit and term loan facility
$8M
Ritzman Pharmacies, Inc.
Revolving credit
loan facility
Forest Capital, LLC
$500,000
Telecommunications company, Germantown, IL
Accounts receivable facility
GB Merchant Partners: Debt Investment Group
$20M
Applied Extrusion Technologies, Inc., a leading supplier of specialized oriented polypropylene (OPP) films in North America
Participation in a portion of a $60M term loan
$10M
MSouth Equity Partners' acquisition of PetroLiance®, LLC
Term loan in conjunction with financing by MSouth Equity Partners
$12M
Consolidated Wings Investment, LLC
Second lien and Mezzanine financing
GE Capital, Corporate Finance
$150M
United Copper Industries, Inc.
Asset-based
credit facility
$900M
BJ’s Wholesale Club, Inc., Westborough, MA
Asset-based senior secured credit facility
Graystone Capital
$400,000
Interactive media company,
San Francisco, CA
Accounts receivable line of credit
$250,000
Company that provides a one-stop solution for organizations seeking efficiencies and improvements in the management of their facilities and workplace
Accounts receivable line of credit
$500,000
Aveox, Inc., an innovative provider of motor and controller solutions, Southern California
Accounts receivable line of credit
Greenfield Commercial Credit
$1M
Consulting and training firm, Connecticut
A/R line of credit
$2M
Georgia Electrical Parts Distributor
Line of credit
Harborcove Financial LLC
$1.5M
Staffing company, New Jersey
Accounts receivable financing facility
$500,000
Women's apparel company, California
Accounts receivable financing facility
Hartsko Financial Services, LLC
$3M
Manufacturer/importer of housewares, textiles selling small items like aprons, tablecloths and related linen mainly to independent retailers,
New York City
N/A
$2M
Cosmetic company selling to major retailers including TJ Maxx, Los Angeles
N/A
$5M
Manufacturer/importer selling telephone devices and related equipment to major providers including Verizon and AT&T,
New York City
N/A
$3M
Video console manufacturer selling mainly to casinos and gaming entities, Fargo, ND
N/A
$1.5M
Pet accessories business with orders from Costco, Jupiter, FL
N/A
$2M
Motor oil subcontractor selling product to major oil companies, New York City
N/A
$250,000
Supplier of commercial generators mainly for colleges, universities, and schools in the Miami, FL area
N/A
$400,000
Designer of ladies’ boots with major order from Neiman Marcus along with similar retailers, Los Angeles area
N/A
$600,000
Manufacturer/importer of snowboards selling to retailers such as Sports Authority, Sarasota, FL
N/A
Healthcare Finance Group, LLC
$27M
The Community Hospital Group, Inc. t/a JFK Medical Center
Revolving line of credit
$35M
Richmond University Medical Center. Richmond University Medical Center (RUMC),
Staten Island, NY
$20M revolving line of credit and a $15M term loan facility
Hennessey Capital LLC
$500,000
Company providing staffing services to the IT and engineering industries, Michigan
Factoring facility
$750,000
Electronic data management company to fulfill a short-term working capital need, Minnesota
Factoring facility
$100,000
Staffing company focused on the transportation industry, Michigan
Factoring facility
$1.5M
IT consulting business, Michigan
A/R and inventory line of credit
$400,000
Staffing company to fuel future growth, Michigan
Factoring facility
$1M
Company that supplies the automotive industry with data collection and monitoring devices, Michigan
A/R and inventory line of credit
Investec Specialist Bank’s (Investec) Fund Finance team
£14M
Management of Clyde Blowers Capital (CBC), a leading investor in industrial businesses
Debt facility
J D Factors
$300,000
Transportation company,
Ontario, Canada
Factoring facility
$500,000
Clothing company, New Jersey
Factoring facility
$250,000
Distribution company, California
Factoring facility
$300,000
Clothing & fabric company, California
Factoring facility
$150,000
Transportation company,
British Columbia, Canada
Factoring facility
$100,000
Transportation company,
Ontario, Canada
Factoring facility
$100,000
Transportation company, Manitoba, Canada
Factoring facility
$2M
Food distribution company,
New Jersey
Factoring facility
$150,000
Transportation company,
Ontario, Canada
Factoring facility
$50,000
Transportation company,
Ontario, Canada
Factoring facility
$150,000
Transportation brokerage company, Texas
Factoring facility
$500,000
Telecommunications company, British Columbia, Canada
Factoring facility
Keltic Financial Services
$2M
Stern Companies, Inc. and two subsidiaries, Stern Assembly, Inc. and Stern Industries Incorporated, Baxter, MN
Revolving line of credit
$3.9M
ASI Building Products (ASIBP), a supplier to professional contractors with high-quality, low-maintenance building products for over 40 years, Tampa, FL
Credit facility, comprised of $3.5M revolving line of credit and a $400,000 term loan
$3.5M
LanceSoft, a global IT Services and Solutions Company,
Herndon, VA
Revolving line of credit
N/A
Apollo Retail Specialists, Inc, Apollo Beach, FL
Senior secured revolving line of credit with its with its co-lender, Amalgamated Capital
Marquette Business Credit, Inc.
$3M
Independent Food Corporation
Revolving line of credit
Marquette Commercial Finance
$1M
New Amsterdam Commerce,
New York
Factoring facility
Monroe Capital LLC
$27.5M
To support the acquisition of Fabco Automotive Corporation Partners by Wynnchurch Capital, Livermore, CA
Unitranche facility
Monroe Credit Advisors
$50M
America’s Auto Auction, Inc., Dallas, TX
Senior secured cash flow credit facility
North Mill Capital LLC
$350,000
Staffing company,
New York
Accounts receivable credit facility for working capital purposes
$500,000
Working capital purposes for a bindery in New York
Accounts receivable credit facility
$5M
John Hassall, Inc., Westbury, NY
Comprised of a $4M accounts receivable and inventory credit facility for working capital and a $1M term loan
$2.4M
Houston Blow Pipe, Texas
Credit facility consisting of comprised of a $2M accounts receivable and inventory credit facility for working capital and a $400,000 term loan
Oxford Finance LLC
$20M
Rollins-Nelson Healthcare Management (Rollins-Nelson)
Senior secured credit facility
Praesidian Capital
$6.6M
K1 Speed, Inc., the nation’s largest operator of indoor go-kart racing tracks based in Irvine, CA
Senior notes and warrants
Presidential Financial
$1M
Firm that provides DNA research products, New York
Accounts receivable credit facility
$1.5M
Skilled nursing facility,
New Jersey
Accounts receivable credit facility
$1M
Diagnostic laboratory, California
Accounts receivable credit facility
Republic Business Credit
$16.5M
New client facilities during its third quarter
N/A
Spectra Financial Services, LLC
$50M
Marketing firm, Arizona
Factoring facility
Sterling National Bank
$2.5M
N/A
Revolving credit facility
$4.1M
Nursing home facility that provides long-term, short-term and day program care for the elderly
Term loan
Summit Financial Resources
$1.5M
Distributor of office furniture, New England
A/R & inventory line
$650,000
Provider of educational services, Virginia
A/R credit facility
$300,000
Rail yard shipping company, Illinois
A/R credit line
$400,000
Stone cutting and supply company, Wisconsin
A/R credit facility
$225,000
Distributor of home accessories and framed art, Michigan
A/R credit line
$1M
Hazardous materials transportation company, Colorado
A/R credit line
$500,000
Auto transportation company, Colorado
A/R credit facility
$1.5M
Lumber supply company, Washington
A/R & inventory line
TAB Bank
$1M
Global Sweeping Solutions, Inc., San Bernardino, CA
Lending facility
TCE Capital Corporation
$300,000
Distributor of residential and commercial security products
Invoice discounting and demand revolving loan facility
$1M
Manufacturer of transportation equipment, Ontario
Invoice discounting and demand revolving loan facility; 500,000 invoice discounting facility and $500,000 demand revolving loan
U.S. Capital Partners
$7M
Leading $400M publicly traded worldwide manufacturer that supplies companies including Calvin Klein and Diesel
Credit facility
Working Capital Solutions Inc.
$1M
Electronics distributor, New Hampshire
A/R revolver
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com