Cole Taylor Business Capital

May 4, 2012
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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 June.

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
Distributor of specialty
golf products
Accounts
receivable facility
$5M
Converter of paper rolls into several primary products for use in the packaging and printing business,
Mississauga, Ontario
Accounts receivable, inventory and equipment facility
$500,000
Manufacturer of culturally diverse frozen food entrees, selling primarily to the Canadian airline industry,
Mississauga, Ontario
Accounts
receivable facility
$2M
Company in the laboratory sciences industry, selling primarily to the pharmaceutical industry across
Canada, Laval, Quebec
Accounts
receivable facility
Aileron Capital Management, LLC
$2.07M
Acquisition and renovation of a 12,800-square-foot retail building, Clearwater, FL
Loan provide with its CDC partner in the deal, Florida Business Development Corp.
AloStar Bank of Commerce
$15M
Shoe Sensation, a retailer
of brand name footwear
and accessories
Secured revolving credit facility
Bibby Financial Services
$1.25M
Temporary staffing company providing administrative staff
to the state of Illinois
Factoring facility
$1M
Automotive manufacturing company, Ontario
Factoring facility
$750,000
Automotive manufacturing company, Ontario
Factoring facility
$500,000
Manufacturing company,
New Jersey
Export
factoring facility
$450,000
Beverage manufacturing company, California
Factoring facility
$400,000
Transportation company, Texas
Factoring facility
$400,000
Distribution company, Ontario
Purchase order facility
$250,000
Distribution company, California Purchase order facility
$200,000
Electronics distribution company, Michigan
Combined Purchase Order and Factoring Facility
Business Capital
$1.5M
World leader of aftermarket engineering, service and supply solutions for diesel engines
Credit facility
$500,000
Provider of
ambulance services, California
Senior secured
credit facility
$2.85M
Printing and on-line
publishing company, California
$2M senior secured credit facility and $850,000 secured term loan
Capital Business Credit LLC
$25M
N/A
Three asset-based facilities
Capital One Bank
$22.5M
True Textiles, Inc., a Sun Capital Partners, Inc., affiliated portfolio company,
Grand Rapids, MI
Senior secured
credit facility
$70M
Signature HealthCARE, Louisville, KY
Revolving line of credit
$25M
Directional Rentals, Inc.
Senior secured
credit facility
CapitalSource
$20M
ASG Security, Beltsville, MD
Increase to ASG's revolving credit facility; ASG now has a $250M line of credit with CapitalSource and other investors
Cole Taylor Business Capital
$9.5M
Earthcore Industries, LLC, Jacksonville, FL
Credit facility
$7.3M
H2X, LLC, Decatur, TX
Credit facility
$3.5M
Bright Harvest Sweet Potato Co., Clarksville, AR
Credit facility
Crestmark
$625,000
Manufacturing and training company, West Virginia
Asset-based
lending facility provided by Crestmark's Troy, MI office
$750,000
Technology services company, Minnesota
Ledgered line of
credit provided by Crestmark's
Troy, MI office
$5M
Manufacturer of automotive parts, Michigan
Ledgered line of credit provided by Crestmark's
Troy, MI office
$500,000
Packaged food provider,
New Jersey
Ledgered line of credit provided by Crestmark's
Troy, MI office
$250,000
Temporary staffing company, Illinois
Accounts receivable purchase facility provided by Crestmark's
Troy, MI office
$1M
Manufacturer of custom paint and coating, Canada
Accounts receivable purchase facility provided by Crestmark's
Troy, MI office
$275M
Publishing company, California
Asset-based lending facility provided by Crestmark's
Troy, MI office
$650,000
Clerical staffing company, Florida
Ledgered line of credit provided by Crestmark's Boynton Beach, FL office
$1.5M
Provider of IT and telephony support, Maryland
Ledgered line of credit provided by Crestmark's Boynton Beach, FL office
N/A
Importer of furniture, California
Funds as collected agreement provided by Crestmark's Boynton Beach, FL office
N/A
Textile retailer, New York
Funds as collected agreement provided by Crestmark's Boynton Beach, FL office
$800,000
Lumber distributor, Alabama
Ledgered line of credit provided by Crestmark's Baton Rouge, LA office
$500,000
Engineering company, Texas
Accounts receivable purchase facility provided by Crestmark's Baton Rouge, LA office
$350,000
Full-service staffing firm, Texas
Accounts receivable purchase facility provided by Crestmark's Baton Rouge, LA office
$1.5M
Electronics manufacturer, Alabama
Ledgered line of credit provided by Crestmark's Baton Rouge, LA office
$250,000
Trucking company, Illinois
Accounts receivable purchase facility provided by Crestmark's Franklin, TN office
$375,000
Start-up company hauling general freight, California
Accounts receivable purchase facility provided by Crestmark's Franklin, TN office
$250,000
Texas sand and gravel hauler
Accounts receivable purchase facility provided by Crestmark's Franklin, TN office
$250,000
Start-up trucking
company, Indiana
Accounts receivable purchase facility provided by Crestmark's Franklin, TN office
Diamond Business Credit
$175,000
Disabled veteran-owned and operated IT consulting and staffing company
Line of credit
Doral Healthcare Finance (DHF)
$15M
Prospect Medical Holdings, Inc.
Doral provided
$15M of a $40M
financing facility
Deutsche Bank
$300M
Ally Commercial Finance
Revolving secured credit facility
Finacity Corporation
$250M
Alliance One International, Inc.
Increase to twice the original size of an existing trade receivables securitization with Norddeutsche Landesbank Girozentrale, and Standard Chartered Bank
First Capital
$9.5M
John B Rudy Company
Asset-based
lending facility
$5M
Service provider specializing in commercial laundry for restaurants, hospitals and entertainment venues
Asset-based senior credit facility, consists of a $3.5M working capital revolver collateralized by accounts receivable and inventory and a $1.5M term loan
$4.75M
Energy Services International
Senior credit facility consisting of a $4M working capital revolver collateralized by A/R and a $750,000 inventory and a term loan
$9M
Omni Valve Company, LLC
Senior credit facility consisting of a $9M working capital revolver secured by accounts receivable and inventory
$3M
Consumer finance service provider specializing
in title loans
Asset-based senior credit facility
FirstMerit Bank Business Credit
$9M
Colorbok, LLC, Ann Arbor, MI
Credit loan facility
$8.5M
Summit Steel Corporation, Chagrin Falls, OH
Revolving credit
loan facility
$9.75M
Compass Chemical International LLC, Elgin, IL
Revolving credit and term loan facility
Forest Capital
$300,000
Steel manufacturing and fabrication company,
South Carolina
Accounts
receivable facility
GE Capital, Corporate Finance
$225M
84 Lumber Company,
Eighty Four, PA
Asset-based loan
$57M
Apio, Inc., a leading
fresh-cut specialty
packaged vegetable supplier,
processor and distributor
Consisting of $32M in term financing and
a $25M asset-based revolver
Gemino Healthcare Finance
$7M
Anka Behavioral Health, Inc.
Revolving line of credit
Graystone Capital
$375,000
Lighting company that manufactures and markets smart, sustainable outdoor area and high bay LED lighting systems for commercial and institutional campuses
Accounts receivable line of credit
JD Factors
$50,000
Transportation company,
Ontario, Canada
Factoring facility
$200,000
Clothing & fashion
company, California
Factoring facility
$500,000
Transportation company,
Illinois
Factoring facility
$2M
Right-of-way services company, Colorado
Factoring facility
$150,000
Transportation company, Ontario, Canada
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$100,000
Manufacturing company,
Florida
Factoring facility
$600,000
Transportation company, Missouri
Factoring facility
$500,000
Transportation company, Ontario, Canada
Factoring facility
Keltic Financial Services
$8.925M
Whitley Products,
Warsaw, IN
Senior secured credit facility consisting of a $7.5M revolving line of credit, a $925,000 term loan and a $500,000 Cap Ex loan
$6M
Bayard Sales Corp.,
Philadelphia, PA
Revolving line of credit
King Trade Capital (KTC)
$270,000
Coffee bean importer
Funded $270,000
of a $2M annual
supply chain
finance agreement
$10M
US-based electronic
cigarette company
Letter of credit financing facility
Monroe Capital LLC
N/A
Consolidated Glass Holdings, Inc., Denver, CO
Unitranche facility
NewStar Business Credit
$18.1M
Slate Media Group
Credit facilities include a $14.1M revolver and a $4Mterm loan
Palamon Capital Partners
£23M
Palamon's portfolio
company, Cambridge
Education Group (CEG)
With Royal Bank of Scotland (RBS), the financing includes a dividend recapitalisation for equity holders and additional debt financing for continued growth
Paragon Financial Group
$650,000
Distributor of seasonal landscape products (Company) headquartered near Gary, IN
Invoice factoring
line of credit
$550,000
Staffing group, Chicago, IL
Invoice factoring
line of credit
Porter Billing Services
$25,000
Transportation company, Franklin, TN
Factoring facility
$100,000
Transportation company, Canton, GA
Factoring facility
$450,000
Transportation company, Lawrenceville, GA
Factoring facility
$500,000
Logistics company,
Franklin, TN
Factoring facility
The Porter Capital Corporation
$225,000
Security services company, Miami, FL
Factoring facility
$250,000
Company providing aviation services to the oil & gas industry with operations in Texas and North Dakota
Factoring facility
$300,000
Construction services company, Ashland, KY
Factoring facility
$500,000
Distributor of grass-fed beef products, Sedan, KS
Factoring facility
Presidential Financial
$2.5M
Manufacturer and importer of hearths and fireplace accessories, California
Accounts receivable and inventory credit facility
$3M
Firm that installs natural gas pipelines for energy firms, Tennessee and West Virginia
Accounts receivable credit facility
$1M
Manufacturer of protective sports equipment, Georgia
Accounts receivable credit facility
Republic Business Credit
$1M
Engineering and manufacturing company, Indiana
Receivables
purchase facility
$750,000
Start-up Pennsylvania-based distribution company
Receivables
purchase facility
Salus Capital Partners
$20M
Big M, Inc., an apparel and accessories retailer operating under the Mandee and Annie Sez brands, New Jersey
Senior secured working capital facility
Sterling National Bank
$2M
Privately owned company that provides factoring and financing to a wide range of businesses including manufacturers, trucking companies and service industries
Letter of credit facility
Triangle Capital Access Co., Inc.
$5M
Custom extrusion molder, Tennessee
Credit facility consisting of a $3.75M revolving line of credit and a $1.25M equipment loan
US Capital Partners, LLC
$2M
Morgan Drexen, Inc.,
Costa Mesa, CA
Accounts receivable line of credit
$1M
Global distributor of baby care and parenting products
Credit facility
Wells Fargo Capital Finance
$50M
Halston, Los Angeles, CA
Credit facility provided by the Trade Capital Division of WFCF
$225M
84 Lumber
Senior secured revolving credit facility provided by the Retail Finance Divison of WFCF

 

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