CFA's Asset Based Captial Conference

Jan. 6, 2012
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The Secured Lender's November/December 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 February!

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
$3.5M
IT consulting firm with a specific expertise in SAP, Atlanta, GA
Credit facility
Aileron Capital Management, LLC
$4.64M
Acquisition and renovation of a 177-unit senior care facility (ILF/ALF/ALZ), Orlando, FL
Loan with CDC partner, Florida First Capital Finance
$1.57M
Acquisition of a 40-unit senior care facility (ALF/ALZ) located in Milledgeville, GA
Loan with CDC partner, Florida First Capital Finance
Celtic Capital Corporation
$750,000
Manufacturer of laser diodes and components, Sylmar, CA
Accounts
receivable line
$1.7M
Company that designs and assembles high end lighting fixtures, South St. Paul, MN
Accounts receivable and inventory facility
$2.5M
Company that provides snow removal and parking lot striping services, Ridge, CO
Accounts receivable line to assist the business and better manage its highly seasonal cash flow needs.
 CIT Group
$46.5M
American Internet Services (AIS)
Senior secured
credit facility with CIT Communications, Media & Entertainment serving as sole lead arranger of the financing
Crestmark Bank
$950,000
Glassmaster Controls Company, Inc., a manufacturer of mechanical cables, control modules and circuit boards
Accounts
receivable financing provided by Crestmark's Troy, MI office
$300,000
Michigan transitional housing provider
Ledgered line of credit provided by Crestmark's Troy, MI office
$250,000
Heating and cooling service provider, Ohio
Accounts receivable purchase facility provided by Crestmark's Troy, MI office
$500,000
Clerical and light industrial staffing company
Ledgered line of credit provided by Crestmark's Troy, MI office
$750,000
Service provider to the wireless and wind energy industry, Indiana
Ledgered line of credit provided by Crestmark's Troy, MI office
$750,000
Supplier of promotional products, Michigan
Accounts receivable purchase facility provided by Crestmark's Troy, MI office
$2.5M
Logistics processing company, Michigan
Accounts receivable purchase facility provided by Crestmark's Troy, MI office
$350,000
Packaging company,
North Carolina
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
N/A
Manufacturer of women’s costume jewelry, Florida
Funds as collected arrangement provided by Crestmark's West Palm Beach, FL office
N/A
Importer of men’s apparel, Florida
Funds as collected agreement provided by Crestmark's West Palm Beach, FL office
N/A
Importer of occasional furniture, North Carolina
Funds as collected agreement provided by Crestmark's West Palm Beach, FL office
$2M
IT staffing company, Maryland
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
$750,000
Data communication service, Maryland
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
$600,000
Manufacturer and distributor of nutritional products, Michigan
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
$500,000
Staffing company, New York
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
N/A
Designer and seller of moderate-priced furniture, New Jersey
Funds as collected agreement provided by Crestmark’s New York, NY office
$750,000
Supplier of wholesale rigging, Texas
Ledgered line of credit provided by Crestmark’s Baton Rouge, LA office
$1M
Manufacturer of well control component parts, Texas
Ledgered line of credit provided by Crestmark’s Baton Rouge, LA office
$125,000
Hauler of refrigerated and dry goods, Georgia
Accounts receivable purchase facility provided by Crestmark's Nashville office
$300,000
Long haul trucking company, California
Accounts receivable purchase facility provided by Crestmark's Nashville office
$750,000
Trucking company, Mississippi
Accounts receivable purchase facility provided by Crestmark's Nashville office
$100,000
Start-up trucking company, Kentucky
Accounts receivable purchase facility provided by Crestmark's Nashville office
$400,000
General freight hauler, North Carolina
Accounts receivable purchase facility provided by Crestmark's Nashville office
$400,000
Coast to coast freight hauler, North Carolina
Accounts receivable purchase facility provided by Crestmark's Nashville office
$100,000
General freight hauler, Kentucky
Accounts receivable purchase facility provided by Crestmark's Nashville office
Doral Healthcare Finance (DHF)
$3M
Recovery Home Care (RHC)
Three-year revolving line of credit
$7M
Zynex, which plans develops, manufactures and markets non-invasive FDA-CE marked medical devices for pain relief, stroke and spinal cord rehabilitation, neurological and cardiac monitoring.
Seven-year revolving line of credit
First Business Capital Corp.
$4.4M
Kansas laminated wood panels manufacturer
Revolving line of credit, equipment term loan, and overadvance term loan
$4.5M
Commercial trucking company, Michigan
Revolving line of credit and CapX line of credit
GemCap
$5M
Manufacturer of generic drugs
Revolver facility
$5M
Insurance agency
Revolver facility
$500,000
Manufacturer of specialty bikes
Increased facility
$250,000
Discounter of grocery items
Increased facility
$350,000
Fruit importer
Increased facility
$5M
Furniture manufacturer
Revolver facility
Graystone Capital
$700,000
25-year-old perishable food/frozen food transportation company, greater Chicago area
Accounts receivable line of credit
N/A
Code Green Networks, Inc.
Accounts receivable line of credit
Greenfield Commercial Credit
$1M
Printing fulfillment company, Michigan
Line of credit
Greystone Commercial Services LP
$1.5M
DVD distributor, Arizona
Factoring facility
J D Factors
$50,000
Transportation company, Florida
Factoring facility
$100,000
Import company,
Quebec, Canada
Factoring facility
$250,000
Transportation company, Quebec, Canada
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$50,000
Transportation company, Georgia
Factoring facility
$50,000
Transportation company, Ontario, Canada
Factoring facility
$75,000
Truck repair company, Oregon
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$250,000
Tutoring company, Tennessee
Factoring facility
$100,000
Auto transportation company, Illinois
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
Keltic Financial Services
$4,375,000
Hair Systems, Inc. and its wholly-owned subsidiary, Hair Systems Europe Limited, Englishtown, NJ
Senior secured credit facility comprised of a $4M revolving line of credit and $375,000 term loan
Marquette Commercial Finance
$7.5M
C-Preme Limited, LLC dba Raskullz, a designer, manufacturer and importer specializing in bicycle helmets, bicycles, backpacks and related accessories
Credit facility
Oxford Finance LLC
$15M
One of the largest providers of hospital-based outpatient services in the United States
Revolving line of credit
Republic Business Credit
$4M
Staffing business, California
DIP receivables purchase line facility
Sterling National Bank
$2.5M
Privately owned finance company providing mortgages to investors
Revolving line of credit
$7.5M
Alexander Doll Company, Inc.
Senior secured revolving line of credit
$5.2M
Nursing home facility that provides long-term care or short-term rehabilitation
Term loan
$5M
Full-service aviation company
Revolving line of credit/acquisition financing
$10M
Asset-based lender formed to make loans against recourse factored accounts receivable, inventory and equipment
Revolving line of credit
Summit Financial Resources
$2M
Furniture manufacturer and distributor, Southern California
A/R & inventory line
$1M
Commercial tire wholesaler
A/R credit line
$100,000
Industrial tool manufacturing and sharpening company, Wisconsin
A/R credit line
$2M
Manufacturer of headphones
A/R & inventory line
$800,000
Lumber processing company, Michigan
A/R & inventory line
$200,000
Related manufacturer of wood components, Michigan
A/R & inventory line
$3.250M
Machine shop, Wisconsin
A/R & inventory line
$1.5M
Distributor of insulation materials, Southern Utah
A/R & inventory line
TAB Bank
$7M
AccuCredit Associates, Hackensack, NJ
Lending facility
$2.5M
Cox Logistics, LLC, Lone Star, TX
Credit facility based on accounts receivable
$10M
Anchor Funding Services, LLC, Charlotte, NC
Rediscount facility
Wells Fargo Capital Finance: Retail Finance Division
$500M
Dick's Sporting Goods, Inc., Coraopolis, PA
Agent and left lead arranger for a revolving credit facility; PNC Capital Markets acted as joint lead arranger
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com