CFA's 6th Annual International Lending Conference

March 2, 2012
Click here to access the latest issue of TSL online

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 April.

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
$500,000
Distributor of branded men's apparel, selling to retailers across Canada and the United States, based in
Montreal, Quebec
Accounts receivable facility
ACM Capital Partners
$20M
Transportation business, Southwest
Asset-based loan through Wells Fargo
Aileron Capital Management, LLC
$3.57M
Acquisition of a 42-room independent hotel, Hotel Isis,
Redington Shores, FL
Along with its CDC partner in the deal, Florida Business Development Corp., Aileron provided 85% loan-to-cost financing for the acquisition.
$1.5M
Refinance of a 17,862 square foot retail building,
Los Angeles, CA
Bridge loan
$864,000
Acquisition of an 18,020 square foot industrial building, Compton, CA
Bridge loan
$1.16M
Acquisition of a 39,714 square foot industrial building, Maywood, CA
Bridge loan
Allied Affiliated Funding
$500,000
Staffing company
for the government
Factoring Facility
$5.5M
Wholesaler health
and beauty products
Receivables line including $1.5M in inventory and $500,000 in purchase order financing

BDC Capital Corporation
N/A
Company that leases and services over the road, storage and office trailers, sells utility trailers, and distributes heavy duty parts, Maine
Three-tiered financing package including a revolving line of credit, a term loan expenditure and a mezzanine investment
Bibby Financial Services
$3M
Manufacturer of dairy products, Wisconsin
Factoring Facility
$750,000
Apparel company, Washington
Factoring Facility
$600,000
Transportation company, British Columbia
Factoring Facility
$500,000
Supplementary education services company, Michigan
Factoring Facility
$350,000
Distribution company, Quebec
Factoring Facility
$250,000
Apparel company, Ontario
Factoring Facility
$150,000
Engineering and design automotive company, Michigan
Factoring Facility
$150,000
Transportation company, Kentucky
Factoring Facility
$150,000
Staffing company, Florida
Factoring Facility
Business Capital
$1.5M
Company providing highly specialized components
to the electronics industry
Credit facility
Capital One Bank
$10M
Teton Buildings, LLC
Revolving
credit facility
Celtic Bank
$1M
Wholesale apparel company, Huntington Beach, CA
SBA CAPLine, includes a $500,000 inventory sub-limit for
seasonal inventory requirements
$200,000
Plastics manufacturer,
Tempe, AZ
SBA working capital CAPLine
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 to take out the bank and provide additional working capital
$2.075M
Manufacturer of windows and doors for residential construction, Riverside, CA
$1.3M accounts receivable line
and a $775,000
equipment loan
Cole Taylor Business Capital (CTBC)
$10M
AMG Huntington Beach, LLC, Huntington Beach, CA
Senior secured facility
N/A
Yellow Thunder Corporation, an independent distributor of plumbing, heating, electrical supplies and kitchen cabinetry
Senior secured facility
Crestmark
$1.5M
General staffing company, Missouri
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$600,000
Producer of iron and steel casings, Michigan
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$750,000
Manufacturer of automotive and aerospace parts, Michigan
Ledgered line of credit equipment financing provided by Crestmark's
Troy, MI office
$3M
Shipping broker for a large manufacturer, California
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$800,000
Manufacturer of sheet metal components, California
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$400,000
Provider of fabrications and machining, Michigan
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$500,000
Start-up staffing company, Michigan
Ledgered line
of credit, provided by Crestmark's
Troy, MI office
$3M
Manufacturer and distributor of medical supply products,
North Carolina
Ledgered line of credit, provided by Crestmark's West Palm Beach, FL office
$1M
Pennsylvania and Virginia manufacturers of custom wood products
Ledgered line of credit, provided by Crestmark's West Palm Beach, FL office
$300,000
Distributor of medical supplies, Massachusetts
Ledgered line of credit, provided by Crestmark's West Palm Beach, FL office
N/A
Manufacturer of wood furniture, North Carolina
Funds as collected agreement, provided by Crestmark's West Palm Beach, FL office
N/A
Distributor of computer supplies, Canada
Funds as collected agreement, provided by Crestmark's New York, NY office
N/A
Designer of private label and branded apparel, New York
Funds as collected agreement, provided by Crestmark's New York, NY office
N/A
Designer of branded apparel and fashion accessories,
New York
Funds as collected agreement, provided by Crestmark's New York, NY office
N/A
Designer of low-priced apparel, New York
Funds as collected agreement, provided by Crestmark's New York, NY office
N/A
Designer and importer of footwear, New York
Funds as collected agreement, provided by Crestmark's New York, NY office
$500,000
Provider of technical support, North Carolina
Accounts receivable purchase facility provided by Crestmark's Baton Rouge, LA office
$130,000
Hauler of furniture and house goods, Mississippi
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$100,000
Contract hauling company, Wyoming
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$400,000
Hauler of perishable goods, Illinois
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$900,000
Trucking company, Indiana
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$300,000
Trucking company, Indiana
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$200,000
Trucking company, Tennessee
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
Entrepreneur Growth Capital (EGC)
$3.5M
Extreme Entertainment
Accounts
receivable line
$1M
Robotics manufacturer, Michigan
Credit facility
First Capital
$7.75M
Butler Johnson Corporation
Senior credit facility consists of a $7M working capital revolver collateralized by accounts receivable and inventory and a $750,000 term loan
$8M
Brady Distributing Co., a distributor and supplier of arcade and vending machines
Asset-based senior credit facility
First Growth Capital
$8M
Staffing company, Midwest
Working capital
credit facility
$.75M
Industrial equipment distributor
Working capital
credit facility
Forest Capital
$100,000
Contract food service company, Norco, LA
Accounts
receivable facility
GE Antares
$142M
Acquisition of ThermaSys by Wellspring Capital Management
Senior credit facility
GE Capital
$380M
Lightower Fiber Networks
GE Capital's Telecom, Media and Technology division served as administrative agent
GemCap
$2.3M
Manufacturer in
the gaming industry
Credit facility, comprised of a revolver and term loan
Gerber Finance Inc.
$500,000
Rare Woods USA, LLC, an international trader of rare and exotic timber used in the manufacture of furniture, musical instruments and art
Credit facility
$1.5M
Evolve Guest Controls, Inc.
Revolving line
of credit
Gibraltar Business Capital
$1M
Company providing loyalty programs that reward users of mobile, internet radio and television stations
Factoring facility
$2M
Distributor of safety equipment, South Carolina
Revolving line of credit-based on A/R and inventory
Greystone Commercial Services LP
$3M
Wholesale distribution company, Tampa, FL
Contract extension and a line increase for a factoring facility
Healthcare Finance Group, LLC
$44.5M
Genoa Healthcare Holdings, LLC, Tukwila, WA
Senior secured
credit facility
J D Factors
$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
$200,000
Transportation company, Ontario, Canada
Factoring facility
$100,000
Transportation company, Illinois
Factoring facility
$750,000
Transportation company, Illinois
Factoring facility
$200,000
Wholesale/distribution company, New York
Factoring facility
$1M
Transportation company, Ontario, Canada
Factoring facility
Monroe Capital, LLC
$25.5M
To support the acquisition of the Heavy Duty division (Thermal Solutions Manufacturing) of Vista-Pro Automotive by Resilience Capital Partners
Unitranche facility
$37.1M
To support the acquisition of LAI International by RLJ Equity Partners
Unitranche facility and an equity co-investment
National Capital Finance
$4.7M
Regional trucking firm, Arkansas
Line of credit and equipment finance
$1.6M
Staffing, Alabama
Line of credit
$3.2M
Regional agricultural
distributor, Michigan
Factoring facility
North Mill Capital LLC
$4M
M. Slavin & Sons, New York
Working capital facility used for the
confirmation of bankruptcy financing
$5M
Utility Risk Management Corporation, Stowe, VT
Accounts receivable credit facility
$7.5M
Reitnouer, Pennsylvania
Accounts receivable and inventory
credit facility
People's United Business Capital
$5M
Distributor of paper, packaging and janitorial supplies
Revolving line
of credit
$7.25M
IT staffing/recruitment company
Revolving line of credit and term loan
Porter Capital Corporation
$50,000
Temporary staffing company, Methien, MA
Accounts
receivable facility
$75,000
Temporary staffing company, Jersey City, NJ
Accounts
receivable facility
$150,000
Temporary staffing company, Atlanta, GA
Accounts
receivable facility
$175,000
Temporary staffing company, Mahwah, NJ
Accounts
receivable facility
$200,000
Temporary staffing company, Fort Lee, NJ
Accounts
receivable facility
$200,000
Vocational training and staffing company, New Orleans, LA
Accounts
receivable facility
$500,000
Temporary staffing company, Paramus, NJ
Accounts
receivable facility
$750,000
Distributor of kosher foods and sundries, Los Angeles, CA
Accounts
receivable facility
$1M
Commercial packaging products manufacturer and distributor, Fullerton, CA
Accounts
receivable facility
$6M
Legal services provider,
Los Angeles, CA
Accounts
receivable facility
Presidential Financial
$3M
Manufacturer of steel construction components, North Carolina
Accounts receivable and inventory credit facility
$2M
Manufacturer of wooden cabinet components, Georgia
Accounts receivable credit facility
Presidential Healthcare Credit
$5M
Provider of caregiver services to seniors, Illinois
Accounts receivable credit facility
Prestige Capital Corporation
$3.5M

Content Critical, LLC,
Northern New Jersey

Non-recourse financing facility
PrinSource Corporation
$1M
Manufacturer of ergonomically designed earphones,
Saint Louis, MO
Factoring facility
$3.5M
Customer service call center, Minneapolis, MN
Factoring facility
Salus Capital Partners
$15M
RoomStore, Inc., a leading home furnishing retailer
Debtor-in-possession (DIP) credit facility
$3M
Leading company that acquires vintage or classic automobiles for the purpose of resale
Senior secured working capital facility
$12.5M
Miss Matched, Inc. (d/b/a LittleMissMatched)
Senior secured working capital facility
Sterling National Bank
$2M
Company that is an importer of quality umbrellas and rain gear
Factoring facility
$550,000
ASI Holding, Inc.
Term loan
$2M
Mosdos Meharam Brisk Tashnad, a not-for-profit synagogue that traces its roots back to Europe before World War II
Mortgage
$750,000
Caremedix, LLC
Revolving line
of credit
$4.2M
Leading supplier of inboard propellers for pleasure boating, as well as commercial, military and scientific uses
Credit and equipment finance loan
Summit Financial Resources
$1.2M
Manufacturer of printing supplies, Northeast
Accounts receivable credit line
$500,000
Nutritional supplement manufacturer, Atlanta
Accounts receivable credit line
$500,000
Apparel manufacturer,
St. Louis
Accounts receivable credit line
$900,000
Medical device manufacturer, Minneapolis
Accounts receivable credit line
$500,000
Provider of engineering services, Houston
Accounts receivable credit line
TAB Bank
$6M
O&S Trucking, Inc.
Springfield, MO
Credit facility
$6M
Coral Industries, Inc., Tuscaloosa, AL
Asset-based lending facility through a multi-year agreement
TCE Capital
$700,000
Transportation company
$600,000 invoice discounting and $100,000 demand revolving loan facility
US Capital Partners, LLC
$4M
Global technology and services firm (the company)
Revolving
line of credit
Wells Fargo Capital Finance
$165M
Nexteer Automotive,
Saginaw, MI
Senior secured revolving credit facility
$140M
Brookstone, Merrimack, NH
Includes a $100M revolver and a $25M committed accordion facility, as well as a $15M senior secured term loan

 

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