Cole Taylor Business Capital

Nov. 1, 2012
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The Secured Lender's October Digital Edition

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 December.

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.
$1 Million
Company based in Mississauga, Ontario, that designs and manufactures men’s branded golf apparel, selling to retailers and golf courses across Canada and the U.S.
Accounts
receivable facility
$1 Million
Company, based in Winnipeg, Manitoba, that manufactures formed tubing used mainly in hydraulic and automotive applications, selling across Canada and the United States
Accounts receivable and inventory loan facility
$2.5 Million
Company in Sherbrooke, Quebec that retails a mix of clothing and household items in two stores in Quebec.
Inventory loan facility
Ally Commercial Finance
$142.5 Million
Convergint Technologies LLC, a portfolio company of KRG Capital Partners
Senior secured
credit facility
Amerisource Funding
$1.25 Million
A drilling and blasting services company in Georgia
Working capital
line of credit
$100,000
Novelty item wholesaler based in Ohio
Working capital
line of credit
$300,000
Construction firm, Louisiana
Line of credit, proceeds of the facility used to provide working capital
$200,000
Student transportation service, Louisiana
Working capital
line of credit
$750,000
Containerboard distributor, Illinois
Credit facility
Bank of America Business Capital
$60 Million
W.C. Bradley Co.
Asset-based
credit facility
Bibby Financial Services
$1.8 Million
Temporary staffing and permanent placement company, Texas
Factoring facility
$2 Million
Distribution company, Pennsylvania
Factoring facility
$750,000
Service company, Texas
Factoring facility
$700,000
Trucking company, Kansas
Factoring facility
$300,000
Temporary staffing company, Texas
Factoring facility
$250,000
Food and beverage distribution company, California
Factoring facility
$250,000
Apparel manufacturing company, New York
Factoring facility
$250,000
Apparel company, California
Factoring facility
BMO Harris Bank's Sponsor Finance Group
$60 Million
Carolina Beverage Group, LLC, a portfolio company of SunTx Capital Partners, LP
Joint lead arranger, sole bookrunner and administrative agent for senior credit facilities
$165 Million
To support the acquisition of CBR Systems, Inc.
by GTCR
Joint lead arranger, sole bookrunner and administrative agent
$85 Million
Heritage Food Service Equipment, Inc., Fort Wayne, IN
Joint lead arranger, joint bookrunner and is administrative agent in senior credit facilities
$114 Million
To support the acquisition of FCX Performance Inc., by Harvest Partners
Senior credit facilities
$57.5 Million
To support the acquisition of Access Medical Centers by NextCare Urgent Care
Joint lead arranger, joint bookrunner and is administrative agent for senior credit facilities
Capital Business Credit LLC (CBC)
$35 Million
Five businesses in the home furnishings sector
Factoring and asset-based facilities
Capital One Bank
$15 Million
Villa Enterprises Management Ltd., Inc. and its affiliates
Seven-year
credit facility
Celtic Capital Corporation
$500,000
Medical glove distributor, Rosemount, MN
Accounts
receivable line
$3 Million
Distributor of fuels, lubricants and chemicals for industrial customers,
Spring, TX
Distributor of fuels, lubricants and chemicals for industrial customers
CIT Group
$75 Million
Homecare Homebase,
Dallas, TX
Senior secured
credit facility
Cole Taylor Business Capital
$11 Million
Burlington Technologies, Inc., Burlington, NC
Facility, used to refinance existing debt and fund ongoing working capital and capital expenditure needs
$5 Million
WM Coffman Resources LLC, Plano, TX
Facility, used to refinance the company’s existing debt and to fund ongoing working capital
$10.6 Million
Atlantic Press, Inc., Bedford Park, IL
Facility, used to refinance the company’s existing debt and to fund ongoing working capital
Concord Financial Advisors, LLC
$5 Million
Franchisor in Indiana
Cash flow term loan
Crestmark
$150,000
Logistics company, Michigan
Accounts receivable purchase facility
$1 Million
Importer of gift and home décor items sold by national retailers, North Carolina
Asset-based
lending facility
$850,000
Company and three affiliates that provide aftermarket commercial/corporate aircraft engines, materials and avionics, Illinois
Ledgered line
of credit facility
$500,000
Start-up IT staffing firm, Colorado

Ledgered line
of credit facility

$1 Million
Distributor focused in the defense and aerospace industries, Florida
Ledgered line of credit
$500,000
Staffing company,
North Carolina
Ledgered line of
credit facility
$5 Million
Provider of karaoke machines, Florida
Ledgered line of
credit facility
Crystal Financial LLC
CAD $40 Million
Red Ash Capital LP, a company associated with Hilco UK Limited to facilitate the acquisition of The Kraus Group of Companies
Loan facility, in the form of senior
secured debt
Doral Healthcare Finance (DHF)
$7 Million
Chain of HUD and Non-HUD nursing homes managed by LA Management
Revolving line of credit
First Capital
$5 Million
Skyrocket Toys, LLC
Asset-based
lending facility
$12 Million
Manufacturer of building materials for the residential and commercial construction industry
Working capital facility
$7 Million
Lalani Steel, Inc., a steel distributor and complete steel solution provider, Fontana, CA
Asset-based
lending facility
GE Capital, Corporate Finance
$173 Million
Subsidiaries of Rand Logistics, Inc.
U.S. and Canadian cash flow senior
credit facility
GE Capital, Restructuring Finance
$150 Million
Vertis Holdings, Inc., a marketing communications company, Baltimore, MD
Debtor-in-possession credit facility, GE Capital Markets served as lead arranger.
GemCap
$10 Million
Valence Technology, Inc.
Debtor-in-possession revolver
$2.25 Million
Based on a rare and extensive firearms collection comprised of historically significant weapons, accessories, and military memorabilia
Facility
$4 Million
Based on a fleet of exotic cars including a 1932 Hispano Suiza, a collection of rare Ferraris, Austin Martins, GMs, Fords and many rare, unique investment-grade vehicles
Revolver
Gibraltar Business Capital (GBC)
$1.25 Million
PE firm to help finance the buyout of a software company as part of a corporate spin-off,
Palo Alto, CA
Revolving line of credit
$5 Million
Social advertising company, New York
Factoring line of credit
$800,000
Start-up company in the healthcare staffing space, Florida
Factoring line of credit
Healthcare Finance Group, LLC (HFG)
$37 Million
Valley Presbyterian Hospital
Syndicated facility that includes a revolving credit facility, a delayed draw term loan, and a progress term loan
JD Factors
$500,000
Trucking company, Ontario
Factoring facility
$150,000
Construction company, California
Factoring facility
$100,000
Trucking company, Illinois
Factoring facility
$50,000
Sporting goods company, Alabama
Factoring facility
$100,000
Consulting company, Texas
Factoring facility
Marquette Business Credit, Inc.
$4.5 Million
Dalton Trucking, Inc., Fontana, CA
A/R revolving line of credit and equipment term loan
$3 Million
Flower Factory, Inc.
Revolving line of credit
MidCap
$4.5 Million
Charter Baking
Company, Inc.
Asset-based
credit facility, comprised of a $3.5 million revolving line of credit and a $1 million term loan
PNC
$25 Million
Superior Tube Company Inc. and Fine Tubes Ltd., portfolio companies of the Watermill Group, a private investment firm based in Lexington, MA
Senior secured revolving credit
Porter Billing Services
$30,000
Transportation company, Imperial, MO
Accounts receivable factoring facility
$50,000
Transportation company, Clanton, AL
Accounts receivable factoring facility
$50,000
Transportation company, Alabama
Accounts receivable factoring facility
$225,000
Transportation company, Glendale, AZ
Accounts receivable factoring facility
Porter Capital Corporation
$150,000
Commercial baking company, Sarasota, FL
Factoring facility
$75,000
Medical testing and consulting company,
Salt Lake City, UT
Factoring facility
RedRidge Finance Group (RFG)
$3.5 Million
Cloud Silver Lining, Inc.
Consisting of a $1.5 million revolver and $2 million senior
term loan facility
Ridgestone Bank
$1.6 Million
Independent family restaurant,
Menomonee Falls, WI
SBA 7(a) Loan
$2.7 Million
53% owner-occupied real estate project, Palatine, IL
SBA 7(a) Loan
$3,955,000
Transmission remanufacturer,
Mundelein, IL
Consisting of a $2,955,000 SBA 7(a) term note a $1 million CAPline loan
RMP Trade Credit
$1.5 Million
Toy distributor, Illinois
Purchase order facility
$150,000
Electronic components
for a client in Illinois
Purchase order facility
$700,000
Label pouches for a
client in Tennessee
Purchase order facility
$1 Million
Skate boards for
a client in California
Purchase order facility
$350,000
Workout chairs for a
client in Massachusetts
Purchase order facility
$150,000
Cosmetics products distributor for a
client in Toronto
Purchase order facility
Salus Capital Partners
$3 Million
Human Touch, LLC
Senior secured
term loan
$65 Million
HMX Group, a leading designer, manufacturer, and marketer of men’s and women’s business and leisure apparel
Debtor-in-possession (DIP) credit facility
Sterling National Bank
$20 Million
Gateway Funding Diversified Mortgage Services, Horsham, PA
Warehouse
lending facility
$5 Million
Bektrom Foods Inc.
Revolving credit line, with a $1,000,000 sub-limit for a term loan/leasing line
Summit Financial Resources
$850,000
Health products manufacturer, Southern California
A/R & inventory
credit line
$1 Million
Cleaning service, Northern California
A/R credit line
$200,000
Wholesale food distributor, Northern Utah
A/R credit line
$4 Million
Videoconferencing company, Fort Worth
A/R & inventory
credit line
$500,000
Concrete company, Illinois
A/R credit line
$300,000
Moving company, Illinois
A/R credit line
$500,000
IT consulting company, Ohio
A/R credit line
$2 Million
Temporary staffing company, Ohio
A/R credit line
$1 Million
Manufacturer of uniforms, Pennsylvania
A/R & Inventory
credit line
$1.5 Million
Bus service in New York
A/R credit line
$250,000


Equipment rental company, Georgia

A/R credit line
TAB Bank
$3 Million
InterMetro Communications, Inc., Simi Valley, CA
Senior credit facility through a multi-year agreement
TCE Capital Corporation
$1.5 Million
Alternate energy producer, Ontario, Canada
Term loan facility
$1 Million
Asset rich, cash-strained entrepreneur
Franchise bridge financing facility
TD Bank
$75.8 Million
MorseLife, Inc., West Palm Beach, FL, parent company to the Joseph L. Morse Geriatric Center, Inc. and The Tradition of the Palm Beaches, Inc.
Funds will support new construction, renovation and expansion of existing facilities, and to retire debt. The financing took the form of the issuance of tax-exempt bonds through the Palm Beach Health Facilities Authority
Veritas Financial Partners
$2 Million
Non-profit, diversified educational and technological resource for schools, cities and towns and other non-profit organizations
Senior secured
credit facility
Wells Fargo Capital Finance
$100 Million
Teletrac, Ltd. and Subsidiaries (Teletrac)
Co-led with Capital One Bank, senior secured credit facility
$250 Million
To support the acquisition of Collective Brands, Inc. by Golden Gate Capital and Blum Capital
Senior secured, asset-based revolving
credit facility

 

 

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