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Sept. 6, 2012
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The Secured Lender's September 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 October.

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.
$2.5M
Company that specializes in high quality printing and bindery of magazines and catalogs, selling to companies across Canada, in the region of Beauce, Quebec
Accounts receivable facility
AloStar Bank of Commerce
$7.25M
Phoenix Footwear Group, Carlsbad, CA
$7M secured revolving credit facility and $250,000 term loan
Amerisource
$1.5M
Commercial printing company, New York
Revolving
credit facility
$300,000
Industrial services provider, Texas
Working capital
credit facility
$2.75M
IT consulting firm, California
Asset-based revolving credit facility
$300,000
Security service provider, Idaho
Working capital
credit facility
$3.5M
Crane rental operation, Illinois
Working capital
credit facility
$300,000
Cell tower service company, Virginia
Working capital
credit facility
$500,000
Peptide manufacturing plant, Massachusetts
Working capital
credit facility
$300,000
Cell phone accessories manufacturer and wholesaler, New York
Working capital
credit facility
$75,000
Metal fabrication factory, Illinois
Working capital
credit facility
Bank of America Business Capital

$60M

Milacron LLC, Cincinnati, OH
Asset-based
credit facility
$125M
Consolidated
Container Company
Senior secured, asset-based revolving
credit facility
Bay View Funding
$7M
National provider of temporary medical staffing services and its three corporate affiliates
Aggregate
factoring facilities
$5.2M
Government contractor providing training and consulting services
to the US military
Factoring facility
Bibby Financial Services
$2.5M
Food distribution company, California
Factoring facility
$2M
Distribution company, California
Factoring facility
$2M
Distribution company, Quebec
Factoring facility
$1M
Manufacturing company, Ontario
Factoring facility
$900,000
Temporary staffing company, Illinois
Factoring facility
$750,000
Distribution company, Florida
Factoring facility
$750,000
Distribution company, Florida
Factoring facility
$350,000
Manufacturing company, Illinois
Factoring facility
$250,000
Apparel company, California
Factoring facility
$150,000
Temporary staffing company, Washington D.C.
Factoring facility
BMO Harris Bank
$47M
Home Products International (HPI)
Senior secured credit facility provided by
the Corporate
Finance Group
$20M
Calderon Textiles, Indianapolis, IN
Asset-based revolving credit facility provided by the Asset-Based Lending Group
Boston Financial & Equity Corporation
$1M
Early stage company,
Boston, MA
Equipment lease line
Capital One Bank
$18M
Hamilton Acquisition, Inc.
Revolving credit line
$9.2M
Hawaiian Falls Waterparks
Seven-year revolving credit facility
CapitalSource
$75M
Cervalis LLC
Credit facility that includes includes a $25M revolver, a $30.5M term loan and a $19.5M delayed draw term loan
Celtic Bank
$900,000
Wholesaler of packaging materials, Frankfort, IL
SBA Working
Capital CAPLine
$200,000
Medical staffing company, Aurora, CO
SBA Express
line of credit
Celtic Capital
$1.5M
Company in the warehousing and freight distribution business, Ontario, CA

Accounts receivable
line of credit

CIT Group Inc.
N/A
Odyssey Investment Partners, to support its acquisition of L-com, Inc.
Senior secured credit facility; CIT Commercial & Industrial served as co-lead arranger and joint bookrunner for the transaction.
Cole Taylor Business Capital
$7.5M
Twin City Bagel, Inc., d/b/a National Choice Bakery
Facility used to refinance the company’s existing debt and to fund ongoing working capital
$25M
Greenscapes Home and Garden Products, Inc.
Facility used to refinance the company’s existing debt and to fund ongoing working capital
Crestmark
$250,000
Engineering and logistical support service organization, Alabama
Accounts
receivable purchase
$4M
Full-service fabrication company, Texas
Ledgered line of credit
$200,000
Freight shipping and trucking company, Texas
Accounts receivable purchase facility
$3M
Designer and manufacturer of folding cartons, Kentucky
Asset-based
lending facility
$750,000
Companies manufacture and import lighting, Michigan
Joint co-borrower accounts receivable purchase facility
$5M
Company that handles the warehouse and distribution of chemicals used for hydraulic fracturing, Texas
Ledgered line of credit
$500,000
Automotive production repair company, Michigan
Ledgered line of credit
$613,043
Full-service fabrication company, Texas
Equipment loan
$400,000
Distributor of frozen lobster tails to seafood distributors, North Carolina
Ledgered line of credit
$750,000
Organization that distributes fleece to specialty outerwear and large retailers across the country, Maine
Traditional factoring agreement
$2M
Environmental service and emergency response company
Ledgered line of credit
$600,000
Company that provides physicians staffing for hospitals, Texas
Ledgered line of credit
Crystal Financial
N/A
To support the acquisition of Freedom Communications, Inc. by 2100 Trust LLC
Senior secured
term loan
First Business Capital Corp.
$5.5M
Distributor of kitchen and
bath products, Kentucky
Revolving line of credit
$5M
Manufacturer of residential cabinetry, Texas
Revolving line of credit
$8.5M
Manufacturer of building products, Colorado
Revolving line of credit and real estate term loan
$4.5M
Metal formed parts company, Indiana
Revolving line of credit, real estate and equipment term loan
First Capital
$12.75M
California TrusFrame, LLC
Asset-based
lending facility, consists of an $11M working capital revolver collateralized by accounts receivable and inventory and a $1.75M term loan
GE Capital
$150M
To support the combination of Golf Town and Golfsmith
Senior secured credit facility
GE Capital, Healthcare Financial Services
$7.5M
Trimel Pharmaceuticals Corporation, Ontario, Canada
Senior secured term loan facility
Gemino Healthcare Finance
$7M
Ozarks Community Hospital, Springfield, MO
Revolving line of credit
Gibraltar Business Capital (GBC)
$5M
Leading men's lifestyle media company, New York
Revolver
$1M
Company that provides digital screen printing, with a special emphasis in the clothing industry, Texas
Revolving line of credit
$1M
Provider of physical therapy, Illinois
Revolving line of credit
Graystone Capital
$750,000
Commercial printer, Oregon
Accounts receivable line of credit
$500,000
A leading advanced analytics professional services firm, Silicon Valley, CA
Credit facility via Graystone's Technology Lending division
Healthcare Finance Group, LLC (HFG)
$23M
All Metro Health Care Services, Inc., Lynbrook, NY
Senior secured revolving line of credit, consisting of a $10M senior secured revolving line of credit and a $13M senior secured term loan
J D Factors
$500,000
Paper manufacturing company, Ontario
Factoring facility
$200,000
Staffing company, Pennsylvania
Factoring facility
$350,000
Packaging company, California
Factoring facility
$100,000
Transportation company, Ontario
Factoring facility
$150,000
Transportation company, Quebec
Factoring facility
$1M
Transportation company, Illinois
Factoring facility
$500,000
Shoe importing company, Quebec
Factoring facility
$750,000
Staffing company, New Jersey
Factoring facility
$1.5M
Transportation company, Arkansas
Factoring facility
$200,000
Transportation company, Florida
Factoring facility
$100,000
Plumbing company, Tennessee
Factoring facility
$1M
Transportation company, Ontario
Factoring facility
$50,000
Transportation company,
New Jersey
Factoring facility
$100,000
Transportation company, Michigan
Factoring facility
$250,000
Bed frame manufacturing company, California
Factoring facility
$75,000
Legal services company, Arkansas
Factoring facility
$250,000
Plastics manufacturing company, Florida
Factoring facility
$100,000
Transportation company, Quebec
Factoring facility
Keltic Financial Services
$1.75M
Sasco Safety, LLC,
Barnwell, SC
Senior secured credit facility consisting of a $1.5M revolving line of credit and $250,000 term loan
Marquette Business Credit, Inc.
$3.5M

HPI Racing,
Foothill Ranch, CA

A/R and inventory revolving line of credit
Monroe Capital LLC
N/A
Forbes Media, LLC
Unitranche
credit facility
NewStar Business Credit
$12.5M
Mercury Plastics, Inc.,
City of Industry, CA
Senior
secured financing
North Mill Capital LLC
$2M
Importer of displays for consumer businesses,
New York
Factoring facility
$1M
Importer of rattan furniture and storage products,
New York
Factoring facility
$1M
Manufacturer of food service equipment, Massachusetts
Accounts receivable credit facility
On Deck
$100M
New committments secured
Includes an $80M credit facility jointly led by Goldman Sachs and Fortress Credit Corp. and $17M of venture debt loans from SF Capital and Lighthouse Capital Partners
Paragon Financial Group
$500,000
Start-up staffing company, Carnel, IN
Factoring line of credit
PNC Bank
$70M
Berry Nurseries, Dallas, TX
Revolving
credit facility
Porter Billing Services
$35,000
Transportation company, Georgia
Factoring facility
$75,000
Construction supply company, Texas
Factoring facility
$80,000
Transportation company, Georgia
Factoring facility
$100,000
Transportation company, Georgia
Factoring facility
Porter Capital Corporation
$50,000
Distributor of specialty office products, Mississippi
Factoring facility
$500,000
Truck repair and parts distribution business, Arkanas
Factoring facility
$1M
IT services company, Texas
Factoring facility
$2M
Importer and distributor of ladies apparel, Colorado
Factoring facility
RMP Trade Credit (RMPTC)
$750,000
iPad docking points of service terminals, Florida
Purchase order facility; the takeout is a factor out of Florida.
$750,000
Aircraft engines client, Seattle, WA
Purchase order facility, a well-known factor out of California will serve as the takeout
$500,000
Tires and motor scooters for a client, Toronto, Canada
Purchase order facility, takeout is well-known factor out of Chicago
$750,000
Pet accessories (bowls and clothing) for a large big box retailer, New Jersey
Purchase order facility, takeout is a factor in Maryland
Salus Capital Partners, LLC
$30M
China Pearl, Inc.
Senior secured working capital facility
Silicon Valley Bank
$49M
Quorum Business
Solutions, Inc.
Senior secured credit facility, co-lead by SVB and Capital One Bank
Summit Financial Resources
$2M
Trucking company, Wisconsin
Working capital
$1M
Metal fabricator, Iowa
A/R & Inventory line
$300,000
Metal polishing service, Indiana
Credit line
$700,000
Staffing firm,
Northern California
Credit line
$1.75M
Machine shop, Washington
A/R & Inventory line
$150,000
Cheese processor, Tennessee
Credit line
$1M
Furniture manufacturer, Mississippi
A/R & Inventory line
$2M
Manufacturer of fixtures, Georgia
Credit line
$1M
IT consulting firm, Georgia
Credit line
$1M
Distributor of pharmaceuticals, Florida
Credit line
$500,000
Distributor of tools for the concrete industry, Illinois
Credit line
TAB Bank
$1.5M
Silipos, Inc., Clifton, NJ
Credit facility
$3M
Accommodation Mollen, Inc., Philadelphia, PA
Asset-based lending facility through a multi-year agreement
$2M
First Rate Staffing, Inc., Santa Fe Springs, CA
Credit facility
US Capital Partners
N/A
Internet media company WebXU, Inc.
Senior secured bridge financing provided by US Capital Partners' affiliated firm Breakwater Investment Management, LLC
$3M
Growing designer and distributor of bicycle components and accessories, California
Financing
$2M
Mesa Pharmacy, Inc.,
Irvine, CA
Financing
Wells Fargo Capital Finance
$1.65B
SUPERVALU, Inc.
Senior secured, asset-based revolving
credit facility

 

 

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