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July 3, 2012
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The Secured Lender's June 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 August.

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
$1M
Distributor of essential oils and flavours, Brossard, Quebec
Accounts
receivable facility
$500,000
Distributor of industrial parts, mainly used by oil and gas refineries across Canada.
Accounts
receivable facility
$3M
Company that provides loans to store-front businesses, such as retailers, restaurants and medical/dental clinics across Canada and the United States
Accounts
receivable facility
Aileron Capital Management
$2,498,000
Refinance of a 78-room-hotel, Kenai, AK
Bridge loan
$2,376,000
Acquisition of a boutique hotel, Napa, CA
Bridge loan
$745,500
Acquisition of a 16,768 square foot industrial building,
Miami, FL
Bridge loan
$769,300
Refinance of a 57,294-square-foot retail building,
Montesano, WA
Bridge loan
Bibby Financial Services
$1.25M
Security company, Quebec, Canada
Factoring facility
$1M
Temporary staffing company, Pennsylvania
Export factoring facility
$500,000
Apparel company, California
Factoring facility
$500,000
Temporary staffing company, Chicago, IL
Factoring facility
$500,000
Transportation company, Quebec, Canada
Factoring facility
$500,000
Distribution company, Ontario Canada
Factoring facility
$500,000
Distribution company, Ontario Canada
Factoring facility
$150,00
Printing company, Miami, FL
Factoring facility
$250,000
Transportation company, Texas
Factoring facility
Business Capital
$750,000
Supplier of fresh and frozen seafood products, California
Senior secured
credit facility
Capital One Bank
$35M
Silverleaf Resorts, Inc.,
Dallas, TX
Revolving senior warehouse facility
Celtic Bank
$1.25M
Wholesaler of industrial and medical supplies, Minerva, OH
SBA working capital CAPLine, line includes an inventory sub-limit of $400,000 and simultaneously closed a fully amortizing 25-year SBA 7(a) term loan for debt restructuring.
$250,000
Wholesaler of team apparel, Chula Vista, CA
SBA working capital CAPLine, line included an inventory sub-limit of $50,000 and refinanced the borrower's factoring facility
CIT Group Inc.
$210M
To support the refinancing of Encompass Home Health
Senior secured
credit facility; CIT Healthcare served as joint lead arranger, sole bookrunner and administrative agent
Crestmark
$500,000
Hospitality services company, Illinois
Ledgered line of credit provided by Crestmark's Michigan office
$250,000
Provider of fabricated stone work, Nevada
Ledgered line of credit provided by Crestmark's Michigan office
$250,000
Medical staffing company, Michigan
Accounts receivable purchase facility provided by Crestmark's Michigan office
$3M
Printing equipment manufacturer
Asset-based
lending facility provided by Crestmark's Michigan office
$1.25M
Uniform and textile leasing company, Ohio
Asset-based
lending facility provided by Crestmark's Michigan office
$500,000
Manufacturer of plastic extrusion products, California
Ledgered line of credit provided by Crestmark's Michigan office
$750,000
Staffing company,
North Carolina
Ledgered line of credit provided by Crestmark's Florida office
$5M
Race team, North Carolina
Ledgered line of credit provided by Crestmark's Florida office
$3.75M
National staffing company, North Carolina
Asset-based lending facility provided by Crestmark's Florida office
$250,000
Manufacturer of shelves and display cases, North Carolina
Recourse factoring facility provided by Crestmark's Florida office
$250,000
Manufacturer of interior decor products, Florida
Ledgered line of credit provided by Crestmark's Florida office
$2.5M
Temporary staffing company, New York
Ledgered line of credit provided by Crestmark's New York office
N/A

Import company, New York

Funds-as-collected agreement provided by Crestmark's New York office
$300,000
Service provider to the energy industry, Utah
Accounts receivable purchase facility provided by Crestmark's Louisiana office
$1M
Staffing and rental company serving the oil and gas industry, Texas
Ledgered line of credit provided by Crestmark's Louisiana office
$1.3M
Distributor of office supplies, Texas
Accounts receivable purchase facility provided by Crestmark's Louisiana office
$1.4M
Refrigerated trucking company, Minnesota
Accounts receivable purchase facility provided by Crestmark's Tennessee office
$900,000
Refrigerated food carrier, California
Accounts receivable purchase facility provided by Crestmark's Tennessee office
$150,000
Trucking company, California
Accounts receivable purchase facility provided by Crestmark's Tennessee office
$125,000
General freight hauler, Texas
Accounts receivable purchase facility provided by Crestmark's Tennessee office
$150,000
Start-up trucking company, Wisconsin
Accounts receivable purchase facility provided by Crestmark's Tennessee office
$125,000
Steel hauler, Florida
Accounts receivable purchase facility provided by Crestmark's Tennessee office
Crystal Financial LLC
$30M
Bakers Footwear Group, Inc.
Credit facility
Federal National Commercial Credit
$1.5M
Government contractor providing information services
Working capital financing
$500,000
Remote sensor manufacturer
Working capital financing
$500,000
Provider of application development solutions
Working capital financing
$500,000
Staffing firm
Working capital financing
$150,000
CBE and HubZone Enterprise
Working capital financing
First Capital
$7.5M
Distributor specializing in sporting goods and related equipment
Asset-based senior
credit facility
$5.5M
Distributor of consumer fruit products to retail outlets
Asset-based
credit facility
Fordham Capital Partners
$3M
Manufacturer of custom printed products, Chicago
Factoring facility
GE Capital, Corporate Finance
$265M
Clearwater Seafoods
Revolving and term loan credit facilities
$143M
Taghleef Industries, Dubai (UAE)
Cash flow credit facility
GE Capital, Healthcare Financial Services
$4M
Femasys, Inc., Suwanee, GA
Sole lender and administrative agent for a multi-draw senior secured term loan facility
Gibraltar Business Capital
$5M
Company engaged in the design, import, manufacture and marketing of residential and commercial furniture, Indiana
Revolver
$500,000
Start-up company specializing in high quality ice creams, Georgia
Factoring line of credit
Graystone Capital
N/A
Company that produces machined goods and specializes in Swiss, Screw and CNC lathe machining, Tennessee
Accounts receivable line of credit
$2.5M
Importer of point of purchase displays used by big box retailers, New York
Purchase order finance commitment
Hana Financial, Inc.
$26.6M
N/A
Securitization and sale of $26.6M non-guaranteed portions of U.S. Small Business Administration (SBA) small business loans
Healthcare Finance Group, LLC (HFG)
$25M
Anderson Regional
Medical Center
Revolving line of credit
J D Factors
$75,000
Transportation company, British Columbia
Factoring facility
$200,000
Machining company, Quebec
Factoring facility
$75,000
Transportation company, Manitoba
Factoring facility
$200,000
Transportation company, British Columbia
Factoring facility
$150,000
Transportation company, Washington
Factoring facility
$1M
Transportation company, Illinois
Factoring facility
$200,000
Transportation company, Illinois
Factoring facility
$100,000
Transportation company, Quebec
Factoring facility
$50,000
Landscaping company, Tennessee
Factoring facility
$100,000
Transportation company, Quebec
Factoring facility
$100,000
Transportation company, Georgia
Factoring facility
75,000
Transportation company, Ontario
Factoring facility
$150,000
Transportation company, British Columbia
Factoring facility
King Trade Capital (KTC)
$1.5M
Importer of home furnishings, Connecticut
Purchase order finance commitment
$5M
Importer of lighting fixtures and home decorative products, Maryland
Purchase order finance commitment
$7.5M
Exporter of equipment and vehicles, Canada
Export finance commitment
Maxim Commercial Capital, LLC
$600,000
Powder coating facility, Arizona
Structured by securing a first position on a commercial property with a 60-month term
$180,000
Start up coffee franchise, Brooklyn, NY
Equipment lease structured with a second lien position on a residential property,
Long Branch, NJ
MidCap Business Credit
$3.6M
Injection molding company
Asset-based credit facility, comprised of a $2.5M revolving line of credit and a $1.1M
term loan
Monroe Credit Advisors
$15M
Entertainment Publications, LLC, Troy, MI
Senior secured revolving credit facility
NewStar Business Credit
$11.25M
To support the acquisition of the Collectibles Division of Ultra Pro Corporation (UPC) by Ultra Pro International LLC (Ultra Pro), Commerce, CA
Senior secured financing
Oxford Finance, LLC
N/A
Linden Capital Partners
Senior secured
credit facility
Paragon Financial Group
$500,000
Area rug importer,
Wilmington, DE
Factoring line of credit
PNC Business Credit
$50M
ATC, a materials
management provider
Revolving line of credit and term loan
$35M
Flotek, which provides drilling and production related products and services
Revolving line of credit
$35M
Fas Mart Shore Stop, a gas station and convenience
store chain
Revolving line of credit and term loan
Porter Billing Services
$30,000
Transportation company, McCalla, AL
Factoring facility
$50,000
Transportation company,
St. Louis, MO
Factoring facility
$75,000
Second transportation company, Atlanta, GA
Factoring facility
Porter Capital Corporation
$50,000
Distributor of specialty food products located, Atlanta, GA
Accounts receivable financing facility
$100,000
Warehouse machinery repair and distribution firm, Rancho Cucamonga, CA
Accounts receivable financing facility
$100,000
Packaging supply company, Portland, OR
Accounts receivable financing facility
$250,000
Distributor of construction tools and supplies,
Birmingham, AL
Accounts receivable financing
$500,000
Distributor of graphic design equipment, Seattle, WA
Accounts receivable financing facility
Prosperity Funding
$250,000
Staffing firm, Atlanta, GA
AR finance facility
$300,000
Staffing firm, Charlotte, NC
AR finance facility
$500,000
Staffing firm, Spokane, WA
AR finance facility
$350,000
Staffing firm, Annapolis, MD
AR finance facility
$150,000
Staffing firm, Miami, FL
AR finance facility
RedRidge Finance Group
N/A
Amendia Inc., a manufacturer and distributor of spinal implants and surgical instruments
Closed capital and announced a strategic alliance
Ridgemont Equity Partners
N/A
Hometown Urgent Care, Columbus, OH
Closed a majority
equity investment
RMP Trade Credit (RMPTC)
$1.3M
Propane engines for a
client in California
Purchase order facility
$40,000
Optical products for
client in Kansas
Purchase order facility
$200,000
Surgical gloves for
client in Florida
Purchase order facility
Salus Capital Partners, LLC
$3M
Brodkey Brothers, Inc.
Senior secured working capital facility
$10M
SDA, Inc. (Strauss Auto)
Debtor-in-possession (DIP) credit facility
$20M
Namco, LLC
Senior secured working capital facility
N/A
Hyde Park, Inc., a purveyor of contemporary fine jewelry in the Colorado, Nevada and Arizona markets
Senior secured working capital facility
$5M
Frontera Investment, Inc.
Senior secured working capital facility
Spectra Financial Services, LLC
$300,000
Wholesale distributor, Washington
Factoring facility
Sterling National Bank
$350,000
Action Staffing, New Jersey
Full-service credit facility
$1M
Union Plaza, a nursing home and skilled nursing facility, Flushing, NY
Line of credit
$15M
Surety Financial Services, California
Repurchase
mortgage facility
Summit Financial Resources
$750,000
Manufacturer & distributor of industrial cable,
Los Angeles, CA
A/R & inventory
credit line
$300,000
Interstate trucking company, Boulder, CO
A/R credit line
$300,000
Temporary staffing company, Salt Lake City, UT
A/R credit line
$500,000
Health care software firm, Dallas, TX
A/R credit line
$750,000
Commercial moving and storage company, Chicago, IL
A/R credit line
$600,000
Distributor of power tools, Miami, FL
A/R credit line
TAB Bank
$3M
J.J. Collins, Woodridge, IL
Credit facility, based on accounts receivable and is extended through a renewable term
$2M
Fred Tebb & Sons, Inc., Tacoma, WA
Credit facility
TCE Capital Corporation
$600,000
Well-established Maritime second generation transportation company
Invoice discounting facility
US Capital Partners, LLC
$2.4M
Secured by real estate and equipment for Green Parts International, Inc., Atlanta, GA
Term loan

 

 

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