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The Secured Lender's December 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 February.

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
AloStar Business Credit
$5 Million
Distinctive Apparel, Inc., Randolph, MA
Senior secured revolving credit facility
Amerisource Funding
$2.5 Million
IT hardware sales and service company, Florida
Credit facility
$150,000
Automobile road service company, Arizona
Working capital
line of credit
$300,000
Window and door manufacturer, California
Credit facility
$100,000
Transportation company, Texas
Line of credit
$1 Million
Consulting and inspections firm, New York
Credit facility
$300,000
Staffing company, Illinois
Credit facility
$300,000
Seasonal novelty item distributor, Georgia
Credit facility
$2.5 Million
Hosiery importer,
North Carolina
Credit facility
$200,000
Control valve distributor, Louisiana
Credit facility
$100,000
Telecommunications firm, California
Credit facility
BMO Harris Bank’s Sponsor Finance Group
$102 Million
Fieldbrook Foods Corporation, Dunkirk, NY, and a portfolio company of Arbor Investments
Sole lead arranger, sole bookrunner and administrative agent
$50 Million
To support the acquisition of the National Pain Institute by Prospira PainCare, Inc.
Lead arranger, sole bookrunner and is administrative agent of senior secured credit facilities
Capital One Bank
$34 Million
WH Hospital Property Company, LLC to fund the conversion of an existing medical office building into an acute care hospital, Walnut Hill Physicians' Hospital
Construction loan
CapitalSource
$30 Million
Alliance HealthCare Services, Inc., a national provider of advanced outpatient diagnostic imaging and radiation therapy services
Lease facility
Celtic Bank
$1 Million
Designer and wholesaler of women’s apparel,
Los Angeles, CA
SBA working capital CAPLine and a non-recourse collection factoring facility
$250,000
Manufacturer and wholesaler
of women's accessories,
Park City, Utah
SBA ABL express line and a non-recourse collection factoring facility
Celtic Capital
$3 Million
Manufacturer of office filing products, Ohio
Accounts receivable line of credit
$1.5 Million
Manufacturer of highway safety equipment, Huntington Beach, CA
Consisting of a $500,000 accounts receivable line of credit and a $1,000,000 equipment term loan
$5 Million
Distributor of bakery ingredients, Tempe, AZ
Accounts receivable line of credit
CIT Group, Inc.
$125 Million
A J Walter Aviation (AJW), UK
Senior secured credit facility
$90 Million
To support Epic Health Services’ acquisitions of Santé Pediatric Services and AmeriCare
Senior secured credit facilities; CIT Healthcare served as sole lead arranger, bookrunner and administrative agent
Cole Taylor Business Capital
$4.7 Million
Funding the acquisition of Gasko and Fabricated Products, LLC, and Rhopac Fabricated Products, LLC, by Lazarus Capital Partners of Birmingham, AL
Acquisition loan
Crestmark
$500,000
Trucking company, California
Accounts receivable purchase facility
$150,000
Trucking company,
South Carolina
Accounts receivable purchase facility
$1.5 Million
Plastic injection molding company, North Carolina
Accounts receivable and inventory ledgered line of credit facility
$1.5 Million
Company that sells designer accessories to retailers across the county, New Jersey
Traditional factoring facility arrangement
$1.75 Million
Printing company, Ohio
Asset-based
lending facility
$400,000
Computer assemblies and manufacturer, New York
Term loan facility
$750,000
Hospitality staffing company, Illinois
Ledgered line of credit facility
$4 Million
Company that provides various oilfield services, Texas
Ledgered line of credit facility
$1 Million
Importer that sells apparel to large retailers across the county, Texas
Traditional
factoring facility
$350,000
Healthcare staffing company, Alabama
Accounts receivable purchase facility
$500,000
Screen-printing and embroidery company, Michigan
Ledgered line of credit facility
$500,000
Company that focuses on costal monitoring and environmental and safety compliance training, Louisiana
Accounts receivable purchase facility
$750,000
Cheese company, California
Ledgered line of credit facility with advances in accounts receivable
$2.5 Million
Company that specializes in decorative gems and stone accents, Michigan
Ledgered line of Credit facility secured by accounts receivable and inventory
$1.75 Million
Company that specializes in a wide variety of sweet to savory products, California
Ledgered line of credit facility with advances in accounts receivable and inventory
$500,000
Physician staffing and recruitment company, Florida
Ledgered line of credit facility
$500,000
Trucking company, Illinois
Accounts receivable purchase facility
$500,000
Metal treatment company, Wisconsin
Ledgered line of credit facility with advances in accounts receivable
Crossroads Financial
$1 Million
Nutritional products manufacturer and distributor
Purchase order financing facility; Crestmark Bank provided accounts receivable facility that offers additional working capital to the client
Crystal Financial
$20 Million
easyhome Ltd., Canada
Term loan
Fifth Street Finance Corp.
$40 Million
In support of Thoma Bravo, LLC’s acquisition of Deltek, Inc., a provider of enterprise software and information solutions
First lien and second lien credit facilities
$30 Million
In support of Lindsay Goldberg LLC’s recapitalization of First American Payment Systems, L.P., a full-service payment processor serving small to medium-sized businesses
First lien and second lien credit facilities
$31.5 Million
In support of The Sterling Group, L.P.’s acquisition of Dexter Axle Company
Mezzanine debt
and equity co-investment
$90 Million
In support of Chicago Growth Partners's (CGP's) recapitalization of Teaching Strategies, Inc.
One-stop debt in conjunction with two transactions by Chicago Growth Partners (CGP), including a $51 million one-stop debt facility
First Capital
$6 Million
Producer and distributor of frozen pies and baked goods, Southern California
Asset-based
lending facility
$4 Million
Provider of product marketing services to big box retailers
Asset-based
credit facility
FirstMerit Bank Business Credit
$35 Million
Ervin Equipment, Inc.,
Toledo, OH
Revolving credit
loan facility
GE Capital, Corporate Finance
$300 Million
Sotheby's, New York, NY
Asset-based
credit facility; GE Capital Markets served as joint lead arranger
GE Capital, Healthcare Financial Services
$65 Million
National Hospice Holdings, LLC
Senior secured credit facility
Gibraltar Business Capital (GBC)
$900,000
Wholesale distributor of plumbing, heating and water well supplies, Michigan
Asset-based
line of credit
$1.2 Million
Manufacturer of steel roll form products, specifically reinforcement metal bars for door frames in automobiles
Asset-based
line of credit
$1.5 Million
Provider of consulting and staffing solutions in the information technology industry, New Jersey
Factoring
line of credit
Gibraltar Capital Advance (GCA)
$400,000-plus
Capital advanced to customers such as restaurants, retailers, specialty services providers, and custom equipment manufacturers in
November 2012
N/A
Graystone Capital  
$700,000
Related U.S. and Puerto Rican-based analytic testing firms
Joint working capital line of credit
$4.5 Million
Company based in
Silicon Valley
Off-balance sheet credit facility
LBC Credit Partners (LBC)
$127.5 Million
NYDJ Apparel, LLC, a Falconhead Capital portfolio company, Los Angeles, CA
Joint lead arranger, bookrunner and documentation agent of a senior secured credit facility
Leland Capital Advisors LLC
$150,000
Pet supply company, Florida
Inventory finance participation
$150,000
Home furnishings company, New York, NY
Inventory finance participation
$150,000
Garment manufacturing company, New York, NY
Purchase order participation
$200,000
Garment manufacturing company, Las Vegas, NV
Work in
process funding
Monroe Capital LLC
N/A
To support the recapitalization of PLAYTIME, LLC by private equity sponsor,
Geneva Glen Capital
Unitranche credit facility and equity co-investment
$21 Million
To support the recapitalization of a retail consumer products company of private equity sponsor Blackstreet Capital
Unitranche
credit facility
North Mill Capital LLC
$6 Million
Medical transportation company for state agencies, Missouri
Accounts receivable credit facility
$4 Million
Transportation company for local agencies, Missouri
Accounts receivable credit facility
$8 Million
Distributor of video games and accessories, New York
Accounts receivable and inventory credit facility
$500,000
Service provider for the telecom industry, New Jersey
Accounts receivable factoring facility
$7.5 Million
Door and window manufacturer, Wisconsin
Accounts receivable credit facility
$925,000
Ink cartridge distributor, Wisconsin
Accounts receivable and inventory credit facility
$300,000
Recruiting, sourcing and consulting company, Minnesota
Accounts receivable factoring facility
$750,000
Metal fabricator, Minnesota
Accounts receivable factoring facility
Paragon Financial Group
$750,000
Military technology company Trenton, NJ
Invoice factoring line of credit
The Porter Capital Group
$25,000
Transportation company, Bowling Green, KY
Accounts receivable factoring facility
$25,000
Transportation company, Winder, GA
Accounts receivable factoring facility
$75,000
Transportation company,
West Blocton, AL
Accounts receivable factoring facility
$75,000
Transportation company, Shirley, AR
Account receivable factoring facility
$150,000
Transportation company,
Milan, TN
Accounts receivable factoring facility
$250,000
Import/distributor of seafood, Los Angeles, CA
Accounts receivable factoring facility
Prime Commercial Lending
$34 Million
Diamond Packaging Holdings, LLC, a 100-year-old Rochester, NY-based packaging company
Organized a partner buyout; consisting of a $34 million capital stack including $24 million in a senior debt facility with a revolving credit line, term debt for equipment and the partner buy-out
Salus Capital Partners, LLC
$25 Million
The Mitchell Gold Co., d/b/a Mitchell Gold + Bob Williams
Senior secured credit facility
Star Funding
$15 Million
Manufacturer and distributor
of consumer electronics
Facility will be used to provide purchase order finance and accounts receivable factoring
$5 Million
Installer of commercial
solar projects
Accounts receivable factoring facility
TAB Bank
$1.8 Million
Cosmos Communications, Inc., Long Island City, NY
Senior revolving credit facility
$1 Million
ProStar Trucking, LLC,
Salt Lake City, UT
Credit facility
$2.5 Million
Eagle One Golf, Anaheim, CA
Senior revolving credit facility
Triangle Capital Corporation
$16 Million
Comverge, Inc., Norcross, GA
Investment consisting of subordinated debt and equity
US Capital Partners, LLC
$300,000
Ramard, Inc., Miami Beach, FL
Accounts receivable and inventory line of credit that is scalable to $1 million
Veritas Financial Partners
$7.8 Million
Business-to-business seller of flooring, cabinets, counter-tops and artificial turf
Senior secured credit facility
 

 

 

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