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The Secured Lender's November 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 January.

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
Aileron Capital Management
Approx. $7 Million
Borrowers using the SBA 504 loan program, with Aileron providing the 2nd mortgage/deed of trust loans for the period between the initial loan closing, and SBA debenture funding.
Six interim bridge loans
AloStar Business Credit
$6 Million
Offshore Inland Marine & Oilfield Services, Inc. (OIMO), Mobile, AL
Senior secured revolving credit facility
Amalgamated Capital (AmalCap)
$5 Million
Carol’s Daughter Holdings, LLC (Carol’s Daughter), a portfolio company of Pegasus Capital Advisors, L.P.
Senior secured revolving credit facility
Amerisource Funding
$300,000
Leather hide importer,
North Carolina
Line of credit
$200,000
IT products retailer, California
Working capital
line of credit
$350,000
Consulting and project management firm, Texas
Line of credit
$300,000
IT services and products retailer, Utah
Working capital
line of credit
$100,000
Wholesaler of toys and gifts, California
Line of credit
$1 Million
Women's apparel wholesaler in Louisiana
Working capital
credit facility
$300,000
Transportation company, North Carolina
Line of credit
$200,000
Cell site installation and maintenance firm, California
Working capital line of credit
$100,000
Closed for a construction company, Pennsylvania
Line of credit
Bank of America Business Capital
$60 Million
Gulfside Supply, Inc., Tampa, FL
Revolving loan facility
Bibby Financial Services
$2.75 Million
Distribution company, California
Factoring facility
$2 Million
Food and beverage company, Florida
Factoring facility
$2 Million
Food and beverage company, Florida
Purchase order facility
$750,000
Commercial supplies company, California
Factoring facility
$750,000
Commercial supplies company, California
Purchase order facility
$500,000
Wholesaler, Ontario
Factoring facility
$500,000
Electronics company, California
Factoring facility
$300,000
Manufacturing company, Ohio
Factoring facility
$250,000
Transportation company, Indiana
Factoring facility
BMO Harris Bank's Sponsor Finance Group
$24 Million
Fosbel Inc., a portfolio company of American Capital
Sole lead arranger, sole bookrunner and administrative agent of senior credit facilities
Business Capital
$5 Million
One of the largest distributors of German and Eastern European beer in the Western United States
Acquisition, revolving credit, real estate and term debt financing
$1-5 Million
Large industrial construction and maintenance contractor
Scalable working
capital facility
Capital One Bank
$23.7 Million
BLSCO Newco, Inc. (d/b/a Big Lake Services),
Midland, TX
Credit facility
Celtic Capital Corporation
$500,000
Steel broker,
Laguna Nigel, CA
Accounts receivable
line of credit
$1 Million
Fuel wholesaler,
Ft. Worth, TX
Accounts receivable
line of credit
Crestmark
$1.25 Million
Leather upholstery company, North Carolina
Traditional
factoring facility
$500,000
Staffing company, Arizona
Ledgered line of
credit facility
$750,000
Importer and wholesaler of moderate to high-priced footwear, California
Traditional
factoring facility
$900,000
Trucking company that hauls general freight and produce, California
Accounts receivable purchase facility
$1,152,000
Manufacturer of disposable plastic products for the food industry, New York
Term loan facility
$250,000
Start-up that distributes handbags and fashion accessories to large retailers across the country, New York
Traditional
factoring facility
$150,000
Small trucking company, Kentucky
Accounts receivable purchase facility
Doral Healthcare Finance (DHF)
$3 Million
Skilled nursing facility chain primarily serving Medicaid residents, Illinois
Asset-based working capital facility
$1.5 Million
Group of hospice companies, Southwest Missouri and Northeast Georgia areas
Asset-based working capital facility
Federal National Commercial Credit
$350,000
Professional services provider to the federal government
Working capital financing
$250,000
IT services provider
Working capital financing
$250,000
Home health care
staffing company
Accounts receivable factoring line
$200,000
Specialty staffing firm
Payroll funding line
$150,000
Management consulting firm
Payroll funding line
First Capital
$8 Million
Service provider to the oil field services industry
Senior credit facility consisting of an $8 million working capital revolver collateralized by accounts receivable
$3 Million
Transportation Agent Grip, LLP (T.A.G.), a package
and freight delivery
service provider
Asset-based
credit facility
First Financial Bank
$13.5 Million
Global supplier of industrial cleaning technologies, Cincinnati, OH
Revolving line of credit and term loan facility
$10 Million
Provider of engineering and environmental consulting services, Cincinnati, OH
Revolving line
of credit facility
$8.5 Million
Provider of technology design and integration, Columbus, IN
Revolving line
of credit facility
$2 Million
Provider of turnkey solutions, project management, and engineering services to the telecommunication industry, Indianapolis, IN
Revolving line
of credit facility
FirstMerit Bank Business Credit
$30 Million
Anco Steel Company, Inc., Naperville IL
Revolving credit
loan facility
$7 Million
Consolidated Glass Holdings, Inc., Denver, CO
Revolving credit
loan facility
Forest Capital
$750,000
Garment services company, New Jersey
Receivable line of credit for working capital to cover the costs of moving to a new and larger warehouse to accommodate customer demand.
GE Capital, Corporate Finance
$105 Million
Columbus Manufacturing, Inc., a producer of premium-branded specialty Italian cured meats, Hayward, CA
Cash flow credit facility
$300 Million
Rentech Nitrogen LLC, a manufacturer and distributor of nitrogen fertilizer products, and Rentech Nitrogen Partners, L.P.
Cash flow credit facility; Funded the acquisition of Agrifos LLC; GE Capital Markets served as sole lead arranger and bookrunner.
GemCap
$10 Million
Manufacturer of lithium phosphate rechargeable batteries, Texas
DIP (Debtor-in-Possession) facility
$2.23 Million
Manufacturer of OEM parts for a broad range of products, including snow plow blades, mounts and accessories
Facility used for working capital and acquisition
of product lines
$1.2 Million
High-end jeweler that has been providing premium jewelry and timepieces for over four decades
Inventory revolver
$2 Million
Designer and manufacturer of casual and functional footwear for men, women and children
Will help the company expand its current product line and distribution channel
$2 Million
Jet engine maintenance, repair and overhaul (MRO) company
Increase in total facility
$0.5 Million

Manufacturer of comfortable, practical, and eco-friendly footwear

N/A
Gibraltar Capital Advance (GCA)
$100,000
Waste hauler,
North Carolina
Merchant cash
advance facility
$300,000
Specialty coffee retailer located in the Northwest
Merchant cash
advance facility
$2 Million
Company that provides on-site healthcare clinics to self-insured corporations and government agencies, Indiana
Revolving line of credit
$600,000
Waste hauler, Ohio
Factoring line of credit
Graystone Capital
$500,000
Precision milling and machine shop company, Silicon Valley
Credit facility
Healthcare Finance Group, LLC (HFG)
$40 Million
National Home Health Care Corp. (NHHC)
Consisting of a $25 million senior secured revolving line of credit and a $15 million senior secured term loan
Horizon Technology Finance Corporation
$7.5 Million
Systech International, Inc. (Systech), a global leader in pharma serialization solutions
Venture loan
J D Factors
$100,000
Trucking company, California
Factoring facility
$150,000
Trucking company, Quebec
Factoring facility
$75,000
Trucking company, Ontario
Factoring facility
$500,000
Trucking company, Tennessee
Factoring facility
Keltic Financial Services
$1.95 Million
Woodland Blinds, L.P., Houston TX
Senior secured
credit facility
NewStar Business Credit
$7 Million
Bridgestown Natural Foods, LLC
Senior secured financing
$12 Million
Logical Choice Technologies (LCT)
Senior secured financing
$10 Million
McCollister's Transportation Group, Inc.
Senior secured financing
North Mill Capital LLC
$1 Million
Long haul trucking company, Michigan
Accounts receivable credit facility
$4 Million
Chrome polishing and faucet distributor, Wisconsin
Accounts receivable credit facility
$250,000
Jet parts fabricator, Minnesota
Factoring facility
$1 Million
Coffee importer, New Jersey
Accounts receivable credit facility
Oxford Finance LLC
$21.5 Million
Pali Corporation, which consists of two nursing facilities in Honolulu, HI
$20 million senior secured term loan and a $1.5 million revolving
line of credit
Paragon Financial Group
$550,000
Luxury shopping bag importer with headquarters, Scottsdale, AZ
Accounts receivables factoring line of credit and vendor guarantees
$350,000
Area wood products corporation, Bradenton, FL
Factoring line of credit
Porter Billing Services
$15,000
Transportation company, Moody, AL
Accounts receivable factoring facility
$25,000
Transportation company, Orlando, FL
Accounts receivable factoring facility
$50,000
Transportation company, AL
Accounts receivable factoring facility
$80,000
Transportation company, Douglas, GA
Accounts receivable factoring facility
$200,000
Transportation company, Prattville, AL
Accounts receivable factoring facility
$250,000
Transportation company, Mableton, GA
Accounts receivable factoring facility
$650,000
Transportation company, Gainesville, GA
Accounts receivable factoring facility
Porter Capital Group
$50,000
Telecom marketing company, Philadelphia, PA
Accounts receivable factoring facility
$100,000
Medical device distributor, Albuquerque, NM
Accounts receivable factoring facility
$250,000
Environmental maintenance company, Vancouver, WA
Accounts receivable factoring facility
$250,000
Spring water distribution and marketing company with locations in Georgia and Mississippi
Accounts receivable factoring facility
$500,000
Environmental remediation and bio-hazard removal company, Wheat Ridge, CO
Accounts receivable factoring facility
$500,000
Mineral water distribution company, Foothill Ranch, CA
Accounts receivable factoring facility
$1 Million
Manufacturer and distributor of organic compost,
Hooper, CA
Accounts receivable factoring facility
Presidential Financial
$3 Million
Transportation brokerage company, Delaware
Accounts receivable credit facility
$1 Million
Company that creates polypropylene and nylon from recycled carpet, Georgia
Accounts receivable credit facility
$4 Million
Earned media and strategic content distributions company, New York
Accounts receivable credit facility
Ridgestone Bank
$805,000
Convenience store/gift shop/gas station,
Mt. Prospect, IL
SBA 7(a) loan
$3.36 Million
Accredited vocational college with six locations including Naperville, IL, Cincinnati, Jackson, MI, and Hattiesburg, MI
SBA 7(a) term note
$1 Million
Real estate tax escrow service, Chicago
SBA 7(a) term note
$281,000
Start-up holiday retail store, Germantown, WI
SBA Small Loan Advantage (SLA) Loan
RMP Trade Credit (RMPTC)
$1 Million
iPhone cases with special security features for a client in Texas
Purchase order facility. Deal was brought to RMPTC from a factor in Louisiana. The takeout is a well-known factor in Louisiana
$140,000
Optical products for
a client in Kansas
Purchase order facility. The deal was brought to RMPTC by a broker out of Ohio and the takeout is a well-known factor out of Tennessee
$500,000
Meat distributor for
a client in Denver
Purchase order facility. The deal was brought to RMPTC by a broker in Washington State
Salus Capital Partners, LLC
$12.75 Million
Xenith, LLC, Lowell, MA
Senior secured working capital facility
$10 Million
Bluefly, Inc., a leading online retailer of designer brands, fashion trends and superior value
Senior secured working capital facility
$9.5 Million
Bakers Footwear Group
Debtor-in-Possession (DIP) credit facility
Summit Financial Resources
$300,000
Engineering and architectural firm,
Northern California
A/R credit line
$1 Million
General goods distributor, Southern California
A/R credit line
$1 Million
Gourmet foods distributor, Southern California
A/R & inventory
credit line
$3 Million
Transportation company, Denver
A/R credit line
$2 Million
Cooling equipment manufacturer, Missouri
A/R credit line
$500,000
Manufacturer of lubricants, Oklahoma
A/R credit line
$750,000

Frozen seafood distributor, New Hampshire

A/R credit line
TCE Capital Corporation
$1 Million
Emergency bridge funding after a disease devastated and destroyed growing fish stock at a maritime fish farm
Term loan facility
TCF Capital Funding (TCFCF)
$17.5 Million
To support the acquisition of Radiant Research, Inc. (Radiant) by CRA Holdings, Inc. (CRA)
Senior secured
credit facilities
US Capital Partners, LLC
$1.5 Million
Seesmart, Inc.,
Simi Valley, CA
Accounts receivable
line of credit
 

 

 

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