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August 1, 2012
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The Secured Lender's July 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 September.

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.
$3M
Retailer of coats and related apparel with stores in and around Montreal, Quebec
City and the
Gatineau-Ottawa region
Inventory
loan facility
$1M
Distributor of automotive supplies, selling to body shops across Canada and the United States, Mississauga, Ontario
Accounts
receivable facility
Aileron Capital Management
$14.5M-plus
Loans were provided to borrowers utilizing the SBA 504 program, with Aileron providing the second mortgage/trust deed loans for the period between initial loan closing, and SBA debenture funding
Nine interim bridge loans totaling over $14.5M
AloStar Bank of Commerce
$5M
Warner Robins Supply Company, a 65-year-old building materials retailer, Warner Robins, GA
Secured credit line
Business Capital
$7.5M
Large contractor in the Western U.S.; company provides repair, renovation, maintenance and upgrade services for multi-family and commercial buildings
Consisting of $5.5M of bank debt and
a $2M accounts receivable
credit facility
Capital Business Credit LLC (CBC)
$50M
Apparel and
accessories companies
New factoring and trade finance facilities from Jan. 2012 to July 2012
Capital One Bank
$15M
TEAM Oil Tools, a designer, manufacturer and supplier of down hole tools for the oil and gas industry,
Houston, TX
Revolving
credit facility
Celtic Capital Corporation
$1,458,865
Manufacturer of frozen food products, Irvine, CA
Accounts receivable, inventory and equipment loan
$4M
CNC machining job shop catering to the aerospace and military market,
Ontario, CA
Accounts receivable line and
equipment loan
$2.8M
Affiliated companies located in Sacramento and Woodland, CA. The businesses manufacture paper board-based products and act as a co-packer
for dry and liquid-based
food products.
Accounts receivable and inventory line
$1.25M
Installer of concrete slabs, Glendale, AZ
Accounts
receivable line
$2.46M
Manufacturer of furniture for the hospitality industry, Burnsville, MN

Accounts receivable line and
equipment loan

$400,000
Fuel retailer, Las Vegas, NV
Accounts
receivable line
$1M
Company engaged in providing training, intelligence, information technology and other skilled services to companies providing services to the Department of Defense and other organizations,
Sierra Vista, AZ
Accounts receivable line of credit
CIT Group, Inc.
C$515 (US$511)
N/A
Equipment receivables securitization
Cole Taylor Business Capital
$10M
ALG Worldwide Logistics, LLC, Wood Dale, IL
Facility used to refinance the company's existing debt and to fund ongoing working capital needs
Crestmark
$200,000
Software development organization, Michigan
Accounts receivable purchase facility
$250,000
Brokerage division of a trucking company, Missouri
Accounts
receivable purchase
$200,000
Start-up trucking company, Tennessee
Accounts receivable purchase facility
$800,000
Transportation company, North Carolina
Ledgered
line of credit
$700,000
General contractor, Texas
Ledgered
line of credit
$500,000
Toy company, New Jersey
Traditional factoring arrangement
$2M
Mobile phone company, Texas
Accounts receivable purchase facility
Crossroads Financial
$400,000
Stone and marble distributor
Inventory financing facility; Bridgeport Capital Funding is providing the client with a $750,000 factoring facility in conjunction with the financing provided by Crossroads
Crystal Financial LLC
$165M
MegaPath, Inc., a portfolio company of Platinum Equity
Co-arranger of a senior secured term loan facility
First Capital
$6.5M
Manufacturer and designer of stock and customized displays for the food and beverage market
Asset-based senior credit facility
FirstMerit Bank Business Credit
$23M
Truck Bodies and Equipment International,
Lake Crystal, MN
Revolving credit loan and term loan facility
$20M
Sea-Land Chemical Co., Westlake, OH
Revolving credit
loan facility
Fordham Capital Partners
$2M
Manufacturer of steel cabinets and telecommunications enclosures, Chicago, IL
Factoring facility
GE Antares
$150M
To support the acquisition
of Henry Company, LLC
by a group of investors,
El Segundo, CA
Senior credit facility
GE Capital, Healthcare Financial Services
$100M
Affymetrix, Inc.,
Santa Clara, CA
Served as the administrative agent for a senior secured
credit facility; consists of an $85M term loan and a $15M revolving credit facility
$60M
Diplomat Pharmacy, Inc., Flint, MI
Senior secured revolving credit facility
Gibraltar Business Capital
$100,000
Company engaged in the design, manufacture and marketing of cabinets for
the volume apartment
and custom homebuilder industry, Texas
Revolver
$800,000
Company making advertising inserts for nationally distributed publications, and promotional packaging printing services, Illinois
Factoring
line of credit
$500,00
Company in the long-haul trucking industry, Texas
Factoring
line of credit
Healthcare Finance Group, LLC (HFG)
$150M
Prime Healthcare Services, Inc., an acute care hospital group, California
Revolving credit facility,through HFG Healthco Securities, HFG acted as sole lead arranger
$44M
Caregiver Services, Inc. (CSI), Miami, FL
Consisting of $10M asset-based, senior secured revolving credit facility, a $19M senior secured term loan and a $15M subordinated term loan
$12M
Restora Healthcare
Holdings, LLC
Consisting of a $7M revolving line of credit and a $5M term loan facility
Investec Growth & Acquisition Finance
£25M
To support the buyout of Enotria Group Limited,
West London, UK
Debt facility
J D Factors
$50,000
Transportation company, Texas
Factoring facility
$250,000
Transportation company, Illinois
Factoring facility
$1M
Food manufacturing company, New York
Factoring facility
$150,000
Transportation company, Ontario, Canada
Factoring facility
$50,000
Transportation company, Texas
Factoring facility
$250,000
Transportation company, Illinois
Factoring facility
$1M
Food manufacturing company, New York
Factoring facility
$150,000
Transportation company, Ontario, Canada
Factoring facility
$2M
Oil transportation company, Texas
Factoring facility
$400,000
Transportation company, Illinois
Factoring facility
$500,000
Transportation company, Florida
Factoring facility
$400,000
Transportation brokerage company, California
Factoring facility
King Trade Capital
$600,000
Distributor of telecommunications devices, Virginia
Purchase order finance commitment
Marquette Business Credit
$2.5M
California Offset Printers (COP), Glendale, CA
Credit facility
$5.7M
Central Fiber Holdings LLC, a portfolio company of Auriga Partners, Inc.
Term loan and revolving credit facilities
$5M
Vinylex Corporation, a 60-year-old manufacturer that specializes in custom plastic extrusions
Consisting of a $3.75M revolving credit facility and a $1.25M term loan; Triangle Capital Access engaged by Vinylex and assisted in the closing
Monroe Capital, LLC
$16.5M
To support the acquisition
of FTJ FundChoice,
Hebron, KY, by Seaport Capital Partners
Unitranche facility
Monroe Credit Advisors
$14.5M
Asure Software, Inc., a provider of workplace management software
Senior secured unitranche term loan
NewStar Business Credit
$10M
Nest Collective, Inc., a leading manufacturer and distributor of organic foods for babies, toddlers and kids
Revolving
credit facility
N/A
East Point Sports, LLC, a distributor of indoor and outdoor home
recreational products
Revolving
credit facility
North Mill Capital, LLC
$1.5M
Manufacturer of man-made fibers in Pennsylvania
Credit facility consists of a $1M accounts receivable credit facility for working capital and a $500,000 term loan
Northway Bank
N/A
Browne Trading Company, a renowned purveyor of seafood and caviar in both the wholesale and
retail channels
Working capital line of credit, facilitated by KCP Advisory Group
Paragon Financial Group
$900,00
Large equipment reseller, Miami, FL
Purchase order financing and invoice factoring line of credit
Porter Billing Services
$50,000
Transportation company, Georgia
Factoring facility
$75,000
Construction supply company, Georgia
Factoring facility
$150,000
Transportation company, Maine
Factoring facility
$150,000
Freight brokerage company, Maine
Factoring facility
$500,000
Transportation company, Georgia
Factoring facility
$500,000
Transportation and freight brokerage company, Georgia
Factoring facility
Porter Capital Corporation
$100,000
Wooden crate
manufacturer, Alabama
Factoring facility
$500,000
Environmental services company, Louisiana
Factoring facility
$750,000
Educational materials supplier with offices in
California and Texas
Factoring facility
Presidential Financial
$5M
Supplier and distributor of processed egg products, Iowa
Receivable and inventory credit facility
$4.5M
Provider of equipment and services for storing, pumping and mixing petroleum and industrial liquids,
North Carolina
Accounts receivable and inventory
credit facility
$1M
Corporate apparel manufacturer and importer, North Carolina
Accounts receivable credit facility
Quad-C Funding, LLC
$4.96M
Furniture manufacturer, Midwestern U.S.
Quad-C Funding, LLC provided a $1.5M inventory secured line of credit and Celtic Capital Corporation provided a $2.46M working capital facility secured by accounts receivable
RMP Trade Credit
$900,000
High-end boots
importer, California
Purchase order facility; RMPTC will secure the merchandise for large retailers and high-end specialty stores through letters of credit in Asia. A well-known factor in PA will serve as the takeout
$200,000
Cashmere scarves and sweaters manufacturer, Brooklyn, NY

Purchase order facility; A well-known factor in Chicago will serve as the takeout

$700,000
Label pouches for retailer, Tennessee
Purchase order facility; A well-known factor in South Carolina will serve as the takeout and was the referral source.
TAB Bank
$6M
LTI Trucking Services, Inc., St. Louis, MO
Credit facility
$1M
Saksoft, Inc.,
Jersey City, NJ
Credit facility
$3M
Dollar Only Wholesale, LLC, Scottsdale, AZ
Credit facility based on accounts receivable and inventory and is extended through a multi-year agreement
TCE Capital
$500,000
IT consulting business, Ontario
Invoice
discounting facility
Triangle Capital Corporation
$5.3M
Empire Facilities
Management Group, Inc.
Unitranche debt
and equity
$9.5M
DataSource, Inc.
Investment consisting of subordinated debt
and equity
$7.2M
Eckler Holdings, Inc.
Investment consisting of subordinated debt and equity
US Capital Partners, LLC
$700,000
Electronic Polymers Newco, Inc., Round Rock, TX
Term loan secured by machinery and equipment
Wells Fargo Capital Finance
$650,000
Manufacturer and importer of women's apparel, California
Facility provided by the Purchase Order Finance Group of Wells Fargo Capital Finance

 

 

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