CFA's Collateral Control Workshop

Feb. 3, 2012
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The Secured Lender's January/February 2012 digital  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 March.

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

Accord Financial Inc.
$500,000
Importer and distributor of building materials and lumber for the woodworking industry across Canada, Etobicoke, Ontario
Accounts receivable facility
$1M
Authorized reseller of telephone and business communication systems, Concord, Ontario
Accounts receivable facility
AdvancedAR Funding
$1.5M
$12M engineering and fabricator of glued-laminated structural systems,
North Carolina
Asset-based line of credit by accounts receivable and inventory
$100,000
$1M wholesaler of luxury interior and patio furniture, deck tiles, spas and lighting decor products, Florida
Non recourse, accounts receivable purchase facility
Aileron Capital Management, LLC
$3.57M
Acquisition of a 42-room independent hotel, known as Hotel Isis, Redington Shores, FL
Florida Business Development Corp., Aileron's CDC partner in the deal, provided 85% loan-to-cost financing for the acquisition
Amalgamated Capital
N/A
Klochko Equipment Rental Company, Melvindale, MI
Asset-based financing
Bank of Ireland Corporate Banking
$11.5M
Escher Group Holdings plc
Consisting of a $9.7M term loan facility maturing in July 2015 and a $1.8M revolving 12-month facility
Business Capital
$600,000
Premium coffee, tea and chai company providing products domestically and worldwide
Senior revolving
credit facility
Capital One Leverage Finance Corp.
$12M
Hanover Direct, Inc., Weehawken, NJ
Revolving credit facility
Celtic Capital Corporation
$2M
Company that provides translation and interpreter services, San Marcos, CA
Accounts receivable line to pay off a small bank line of credit and to provide working capital
$750,000
Commercial tire dealer and retread provider,
Santa Ana, CA
Line of credit
$2.075M
Manufacturer of windows and doors for residential construction, Riverside, CA
$1.3M accounts receivable line and a $775,000 equipment loan
Crestmark
$350,000
Internet tracking company, Arizona
Ledgered line of credit provided by Crestmark's Troy, MI office
$2.5M
Media and plastics company, California/Kentucky
Asset-based lending facility provided by Crestmark's Troy, MI office
$750,000
Transfer and delivery company, Illinois
Ledgered line of credit provided by Crestmark's Troy, MI office
$400,000
Manufacturer and distributor of automotive parts, Canada
Accounts receivable purchase facility provided by Crestmark's Troy, MI office
$500,000
Clerical and industrial staffing company, Florida
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
$350,000
Staffing company, Pennsylvania
Ledgered line of credit provided by Crestmark's West Palm Beach, FL office
N/A
Wholesaler of fresh flowers, Washington, DC
Funds as collected agreement provided by Crestmark's West Palm Beach, FL office
N/A
Designer and importer of women's handbags,
New Jersey
Funds as collected agreement provided by Crestmark's New York, NY office
N/A
Designer of urban men’s apparel, Mew York, NY

Funds as collected agreement provided by Crestmark's New York, NY office
$500,000

Distributor of military and commercial parts and components, New York

Ledgered accounts receivable facility, provided by Crestmark's Baton Rouge, LA office
$100,000
Trucking company, Kentucky
Accounts receivable purchase facility provided by Crestmark's Nashville, TN office
$100,000
Start-up trucking company, Kentucky
Accounts receivable purchase facility provided by Crestmark's Nashville, TN office
$125,000
General commodities hauler, Texas

Accounts receivable purchase facility provided by Crestmark's Nashville, TN office
Crystal Financial, LLC
N/A
The Gores Group, a leading Los Angeles-based
private equity firm
Financing to support Gores' recent acquisition of Mexx International
Diamond Business Credit
$500,000
Seafood wholesaler that specializes in supplying high quality fresh, frozen and smoked fish products to top tier restaurants and restaurant suppliers
Credit facility
First Capital
$6M
Producer of branded
fruit juices and beverages
Asset-based
lending facility
$7.5M
Gardner Glass Products, Inc.
Asset-based senior credit facility, consisting of a $6.5M working capital revolver and $1M machinery and equipment term loan
FirstMerit Bank Business Credit
$13.75M
Akron Hardware Consultants, Inc., Akron, OH
Revolving credit loan and term loan facility
$9.9M
Energy Manufacturing Company, Inc., Monticello, IA
Revolving credit loan and term loan facility
First Niagara Commercial Finance
$17.5M
SolomonEdwardsGroup (SEG)
Senior secured revolving credit facility
Forest Capital
$500,000
Manufacturer of highly engineered power systems, enclosures, trailers and tanks
Facility
GB Merchant Partners
$30M
Schuff International Inc.
Term loan
GemCap
$3M
Jet Engine Maintenance, Repair and Overhaul (MRO) company
Credit facility
$1.4M
Precision components manufacturer for the
aerospace industry
Credit facility
Gemino Healthcare Finance
$8M
Doctors Medical Center (DMC), San Pablo, CA
Revolving line of credit
$5.5M
Lydia Healthcare, LLC,
Robbins, IL
Revolving line of credit
Gerber Finance Inc.
N/A
NEHP Inc., a designer and manufacturer of high purity modules
Revolving credit facility
$500,000
Rare Woods USA, LLC, international trader of rare and exotic timber used in the manufacture of furniture, musical instruments and art
Purchase of inventory and for working capital purposes
Healthcare Finance Group, LLC (HFG)
$4M
Corinth Investor Holdings, L.L.C.
Senior secured
credit facility
Investec Growth & Acquisition Finance
N/A
Scottish Capital Group/Management (SCG) and Patron Capital
Senior debt package comprising amortising and revolving facilities, to support the management buy-in of Motor Fuels Group (MFG)
J D Factors
$100,000
Transportation company, Ontario, Canada
Factoring facility
$500,000
Telecommunications company, Texas
Factoring facility
$750,000
Transportation brokerage company, Ohio
Factoring facility
$750,000
Plastic recycling company, Ohio
Factoring facility
$100,000
Transportation brokerage company, Texas
Factoring facility
$250,000
Distribution company,
New Jersey
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$50,000
Transportation company, Ontario, Canada
Factoring facility
$300,000
Transportation company, Ontario, Canada
Factoring facility
$250,000
Coffee distribution company, Hawaii
Factoring facility
$200,000
Transportation company, Quebec, Canada
Factoring facility
$300,000
Transportation brokerage company, Illinois
Factoring facility
$50,000
Transportation company, Arkansas
Factoring facility
$500,000
Transportation company, Quebec, Canada
Factoring facility
$300,000
Garden manufacturing company, Georgia
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$150,000
Staffing company, Illinois
Factoring facility
Keltic Financial Services
$4M
Source Broadband Services, LLC, Source Power Services, LLC, and their affiliates, Norcross, GA
Revolving line of credit with additional financing provided by Chattanooga, TN-based Tenth Street Capital
LBC Credit Partners and Crystal Financial
$74.2M
To support Halifax Media Holdings LLC's purchase of The New York Times Company Regional Media Group
Senior secured
term loan
Monroe Capital LLC
$21M
Benton-Georgia, LLC, Douglasville, GA
Junior term loan and equity investment in partnership with Benton-Georgia’s senior lender, Wells Fargo Bank, which provided a $30M ABL facility
National Capital Finance
$4.7M
Regional trucking firm, Arkansas
Line of credit and equipment finance
$1.6M
Staffing firm, Alabama
Line of credit
$3.2M
Regional agricultural distributor, Michigan
Factoring facility
NewStar Business Credit
$18M
TrueScience, LLC, Eagle, ID
Revolving credit facility
Oxford Finance LLC
$15M
Leading provider of outsourced hospital services
Debt financing
$8.5M
Benchmark Healthcare affiliates
Senior debt consisting of a $7.5M senior secured term loan and a $1M revolving line of credit
Sterling National Bank
$5M
East 82nd Street Investors, LLC
Mortgage
$750,000
Importer of men's apparel; men's boxer shorts, socks and T-shirts, New Jersey
Letter of credit facility
$2M
Importer of ladies sportswear, consisting of bottoms and outerwear produced
under their own label
Letter of credit
$20M
Peoples Home Equity, Inc.
Warehouse facility
$5M
Hunting Hills Estates, LLC, a developer of single family home communities, Long Island, NY
Mortgage loan used to refinance 10 units of a 32 unit townhouse development known as the Preserve at Woodbury
TAB Bank
$6M
Western Flyer Express, Inc., Oklahoma City
Credit facility
$600,000
Software development company, Ontario
Invoice discounting facility
Triangle Capital Access Co., Inc.
$12M
JNet Communications
Credit facility
Union Bank, N.A.
$15M
DynTek, Inc., a provider of professional technology services
Revolving line of credit and commercial banking relationship
US Capital Partners, LLC
N/A
Optimus EMR, Inc., Irvine, CA
Multi-million dollar
credit facility
$7.75M
Butler-Johnson Corporation (BJC), San Jose, CA
Credit facility
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com