April 5, 2012
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The Secured Lender's March 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 May.

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.
$1M
Distributor of Irrigation products, selling to golf courses and contractors
in Eastern Canada,
St. Laurant, Quebec
Accounts receivable and inventory demand loan
$500,000
Distributor of trimmings and promotional items for
the apparel industry,
Montreal, Quebec.
Accounts receivable facility and
inventory loan
$1M
Importer/wholesaler of golf apparel and accessories, selling to retailers across Canada and the United States, Markham, Ontario
Accounts receivable facility and
inventory loan
Aileron Capital Management
$2.8M

Acquisition of a 79,600-square-foot,
self-storage facility,
Palm Beach County, FL

Bridge loan
Allied Affiliated Funding
$1M
Interactive social media software company
Factoring facility
$250,000
Compliance inspection services and energy audits
Factoring facility
$1M
Chemical manufacturer
Factoring facility
BDC Capital Corporation
This deal was published incorrectly in our March TSL Deal Alert. we apologize for any confusion this may have caused.
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 consisting of: a revolving line of credit for working capital, a term loan for debt refinance and new capital expenditures, and a mezzanine investment to assist in the recapitalization of the company.
Bibby Financial Services
$3.5M
Temporary Staffing company, Ontario, Canada
Factoring facility
$2M
Legal consulting company, California
Factoring facility
$1.5M
IT- Temp staffing company, New Jersey
Factoring facility
$1M
Transportation company, Texas
Factoring facility
$600,000
Transportation company, Oklahoma
Factoring facility
$500,000
Temporary staffing company, Ontario, Canada
Factoring facility
$450,000
Transportation company, Illinois
Factoring facility
$350,000
Food and beverage
company, New York
Factoring facility
$250,000
Temporary staffing
company, Texas
Factoring facility
Breakwater Investment Management, LLC
N/A
WebXU, Inc., Los Angeles, CA
Senior secured bridge financing
Business Capital
$1.6M
Company engaged in the development and manufacturing of innovative, healthy and natural ingredients from agricultural resources
Credit facility
Capital One Bank
$40M
DTT Surveillance Inc.,
Los Angeles, CA
Five-year revolving line of credit
Celtic Capital Corporation
$650,000
Manufacturer of all natural body care and soap, Chatsworth, CA
Accounts receivable and inventory line
$2M
Distributor of cast iron products used in the construction and maintenance of water and sewer line,
North Brunswick, NJ
Accounts receivable and inventory facility
$2.96M
Manufacturer and distributor of playground equipment, Wyoming, MN
Accounts receivable and inventory line
of credit and
a term loan
$1.75M
Job shop manufacturer of stencils used in
electronic assemblies,
Colorado Springs, CO
Accounts
receivable line
$1.6M
Product development and manufacturer for the food and beverage industry,
Stockton, CA
Accounts receivable line and term loan
$3M
Provider of motor coach and livery services in the Western United States, Hawthorne, CA
Accounts
receivable line
Cole Taylor Business Capital (CTBC)
$8M
HB&G Building Products, Inc.
Senior secured facility
Crestmark
$300,000
Staffing company providing speech and physical therapists, Michigan
Ledgered line of credit provided by Crestmark's
Troy, MI office
$500,000
Manufacturing company, Illinois
Accounts receivable purchase facility provided by Crestmark's
Troy, MI office
$500,000
Company providing specialized transportation services, Kentucky
Ledgered line of credit, provided by Crestmark's
Troy, MI office
$750,000
Recruiting company, Michigan
Ledgered line of credit, provided by Crestmark's
Troy, MI office
$2.5M
Steel supplier, Ohio
Asset-based lending facility, provided by Crestmark's
Troy, MI office
$4M
Commercial printing company, Ohio
Asset-based lending facility provided by Crestmark's West Palm Beach, FL office
$500,000
Staffing agency, California
Ledgered line of credit provided by Crestmark's West Palm Beach,
FL office
$500,000
Start-up furniture importer, North Carolina
Accounts receivable purchase facility provided by Crestmark's West Palm Beach,
FL office
$750,000
Temporary staffing company, New York
Ledgered line of credit provided by Crestmark’s New York, NY office
N/A
Wholesaler of men’s and women’s apparel, New York
Funds as collected arrangement provided by Crestmark’s New York, NY office
N/A
Wholesaler of women’s apparel, New Jersey
Funds as collected arrangement provided by Crestmark’s New York, NY office
$300,000
Provider of supplemental education services, Alabama
Accounts receivable purchase facility provided by Crestmark's Baton Rouge, LA office
$4M
Logistics company
serving oil fields, Texas
Accounts receivable purchase facility provided by Crestmark's Baton Rouge, LA office
$750,000
Trucking company serving the West coast, California
Accounts receivable purchase facility provided by Crestmark's Franklin, TN office
$250,000
Furniture transport
company, Ohio
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
$350,000
Steel hauler, Alabama
Accounts receivable purchase facility, provided by Crestmark's Franklin, TN office
Crossroads Financial
$2M
Home goods manufacturer
Inventory revolving line of credit while LSQ is providing a factoring facility
Crystal Financial, LLC
$80M
American Apparel, Inc.,
Los Angeles, CA
Senior credit facility that replaces a $75M facility; Crystal was administrative agent and Salus Capital Partners, LLC was documentation agent
Doral Healthcare Finance (DHF)
$3M
Company that provides physician services and comprehensive care coordination to patients in senior retirement communities, independent living facilities and assisted living facilities
Asset-based working capital facility
$1M
Closed door pharmacy that provides prescription medications to long-term care facilities in the Eastern Pennsylvania area
Asset-based working capital facility
$1M
Company that provides home medical equipment and pharmaceuticals to residents of short-term rehabilitation facilities within Arizona
Asset-based working capital facility
Federal National Payables, Inc.
$1.2M
IT Solutions firm

Accounts
receivable facility

$800,000
Start-up health services company
Accounts
receivable facility
$750,000
Software products and services company
Accounts
receivable facility
$750,000
Provider of professional and integrated IT services
Accounts
receivable facility
$650,000
Provider of project management and cost analysis support
Accounts
receivable facility
$400,000
Start-up IT and telecommunications
consulting services provider
Accounts
receivable facility
$300,000
IT consulting firm
Accounts
receivable facility
$200,000
Healthcare staffing firm
Accounts
receivable facility
$200,000
Cultural immersion and awareness training provider
Accounts
receivable facility
$90,000
HUBZone certified IT business
Accounts
receivable facility
First Capital
$7M
Samtex Fabrics, Inc., a wholesaler of fabrics to the apparel industry
Asset-based
lending facility
$2.5M
Help Remedies, a distributor
of innovative OTC pharmaceutical solutions
Working line of credit
$6M
Redistributor of
quality food products
Asset-based senior credit facility
First Growth Capital
$1.5M
Manufacturer of custom furniture, mid-Atlantic region
Working capital credit facility
FirstMerit Bank Business Credit
$6M
Falls Stamping and Welding Company, Cuyahoga Falls, OH
Revolving credit
loan facility
$7.5M
American Micro Products, Inc., Batavia, OH
Revolving credit loan and term loan facility
Forest Capital
$150,000
Security guard services company, New Jersey
Accounts
receivable facility
GE Capital, Corporate Finance
$350M
Shale-Inland Holdings, LLC, Schiller Park, IL
Asset-based
credit facility
Gerber Finance Inc.
$3M
Paramount Restaurant
Supply Corp.
Working
capital facility
$2.5M
Empire Specialty
Cheese Co., LLC
$1.5M working capital facility
with a $1M
accordian feature
Graystone Capital
$2.5M
Cargo and Courier Company, Pacific Northwest
Credit facility
Great Lakes Business Credit
$900,000
Painter and finisher of plastic automotive parts, Ohio
Accounts receivable and inventory
credit facility
$2M
Commercial replacement flooring and carpet installation provider, Michigan
Accounts receivable and inventory
credit facility
Investec Growth & Acquisition Finance
N/A
To support the buy-out of 2M Holdings Limited (2M), owner of chemicals distribution businesses Surfachem and Banner Chemicals, by chairman and co-founder Mottie Kessler
Innovative
debt facility
JD Factors
$100,000
Transportation company, Quebec, Canada
Factoring facility
$100,000
Transportation company, Missouri
Factoring facility
$75,000
Transportation company, California
Factoring facility
$150,000
Transportation company, Texas
Factoring facility
$100,000
Transportation company, Florida
Factoring facility
$200,000
Retail clothing company, Quebec, Canada
Factoring facility
$250,000
Transportation company,
New Jersey
Factoring facility
$75,000
Transportation company, Nevada
Factoring facility
$50,000
Transportation company, Ontario, Canada
Factoring facility
Keltic Financial Services
$3.25M
Nash Oil Company, Georgetown, SC,
Senior secured credit facility, consisting of a $2.5M revolving line of credit and $750,000 term loan
$2.11M
Custom printer, laminator, and converter of poly bags and films, Phafftown, NC
Senior secured credit facility, consisting of a $1.750M revolving line of credit, and a $360,000 term loan to Classic Packaging Company
King Trade Capital
$10M
US-based exporter
of refined fuel to India
Export finance facility
$3M
Importer of household appliances, New York City
Purchase order finance commitment
Marquette Business Credit, Inc.
$7.5M

Adam Nutrition, Inc.,
Mira Loma, CA

A/R and inventory revolving line of credit and equipment term loan
$3M
Active Ride Shop
Credit facility
Monroe Capital LLC
$43.25M
To support the acquisition of R. Cushman & Associates, Inc. by Fabco Automotive Corporation Partners
Unitranche facility and an equity
co-investment
NewStar Business Credit
$6.65M
CAPS Visual Communication, Chicago, IL
Senior secured
credit facility
Paragon Financial Group
$500,000
Leading importer and wholesaler of seafood,
Miami, FL
Accounts receivable financing line of credit
$500,000
Information Technology staffing business
Accounts receivable financing factoring line of credit
$250,000
Energy service company, specializing in privately-owned commercial and residential renewable energy systems, Minneapolis, MN
Invoice factoring
line of credit
Porter Billing Services
$30,000
Company located in
Smyrna, GA
Factoring facility
$500,000
Company located in
Columbus, GA
Factoring facility
$75,000
Company located in
Atlanta, GA
Factoring facility
The Porter Capital Corporation
$300,000
Merchandising company,
Little Falls, NJ
Factoring facility
$500,000
IT/telecom company, Birmingham, AL
Factoring facility
$600,000
Lumber distributor, Montgomery, AL
Factoring facility
$1.5M
Printing/office supply company, Westminster, CA
Factoring facility
Presidential Financial
$3M
Provider of powered mobility equipment, Florida
Accounts receivable and inventory
credit facility
$3M
Media publication company, New York
Accounts receivable credit facility
$2M
Manufacturer of frozen Italian ice products, Florida
Accounts receivable and inventory
credit facility
PrinSource Capital
$2.5M
Commercial cleaning service company, Minnesota
Working capital facility
$1M
Appraisal management company, Minnesota
Factoring facility
Republic Business Credit
$2M
Equipment distributor, Mississippi
Receivables purchase facility
Sterling National Bank
$6M
Community bank that operates in the New York metro area
Letter of credit
Summit Financial Resources
$750,000
Manufacturer and distributor of textile products,
Southern California
A/R & inventory credit line
$750,000
IT staffing and consulting firm, Bellevue, WA
A/R credit line
$150,000
Rail hauling and transportation company, Chicago, IL
A/R credit line
$300,000
IT staffing and consulting firm, Chicago, IL
A/R credit line
$350,000
Manufacturer and distributor of surveillance equipment, Omaha, NE
A/R credit line
$500,000
Procurement and supply company, Houston
A/R credit line
TAB Bank
$12M
To fund equipment leases originated by Blue
Bridge Financial
Facility is subject to certain negotiated terms and conditions and is a one-year renewable term.
TCE Capital Corporation
$4M
International logistics company
Demand revolving loan facility
$1.3M
Specialty furniture manufacturer, Ontario
$1M invoice discounting and a $300,000 demand loan facility
Thermo Credit LLC
$400,000
Joint funding of All Access Telecom with its financial partner Gulf South Receivables Fund
Working capital
$3M
Marine fabrication company
Invoice
discounting facility
Triangle Capital Access Co., Inc.
$500,000
Purchaser of sub-prime consumer auto loans
Growth financing
US Capital Partners, LLC
$500,000
Model Home Interiors, Inc., Elkridge, MD
Accounts receivable credit facility
Wells Fargo Capital Finance
$5M
Distributor of audio and
video broadcasting equipment, California
Working capital facility provided by The Purchase Order Finance Group of Wells Fargo Capital Finance

 

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