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The Secured Lender's January 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 March.

Need to find an older deal? Click here for the TSL Deal Alert archive for deals from December 2010 on.

Deal Size
Borrower
Notes
Accord Financial
$750,000
Company that is a lessor of pre-owned vehicles, Montreal, Quebec
Loan facility
Allied Affiliated Funding (Allied)
$700,000
Designer and manufacturer of ladies sportswear, jackets, pants, shirts, blouses and sweaters,
New York
Working capital
credit facility
$1 Million
Vendor management
staffing company, Texas
Growth credit facility
$8 Million
Value-add procurement supplier for Fortune 100 companies, Virginia
Factoring facility
AloStar Business Credit
$5 Million
Southeastern Aluminum Products, Inc. (SEAP), Jacksonville, FL
Revolving credit facility
Amerisource Funding
$250,000
Business consulting firm, New York
Accounts receivable
line of credit
$100,000
Oilfield equipment transportation company, Texas
Credit facility
$750,000
Roofing supplies distributor, Florida
Accounts receivable
line of credit
$250,000
Business consulting firm, New York
Credit facility
$100,00
Home health care services provider, South Carolina
Credit facility
$1 Million
Government supplies contractor, Virginia
Accounts receivable line of credit, with proceeds of the facility used to refinance a higher cost line of credit
$200,000
Concrete restoration company, North Carolina
Credit facility
$200,000
Pharmaceutical manufacturing start-up, Canada
Credit facility
$100,000
Oilfield services provider, Texas
Credit facility
$100,000
Commercial janitorial service, Georgia
Credit facility, with proceeds of these facilities used for working capital
Bank of America Business Capital
$100 Million
Haggar Clothing Co., Haggar Women’s Wear, LTD, and Haggar Direct, Inc.,
Dallas, TX
Sole lender and administrative agent on an asset-based credit facility
BMO Harris Bank’s Asset-Based Lending Group
$50 Million
Prince Minerals
Administrative agent
on an asset-based
revolving credit facility
BMO Harris Bank's Sponsor Finance Group
$240 Million
To support Madison Dearborn Partners’ equity investment in Aderant Holdings, Inc.
Joint lead arranger, joint bookrunner and administrative agent
$55 Million
OrthoNet Holdings, Inc., White Plains, NY, a portfolio company of Ridgemont Equity Partners
Sole lead arranger, sole bookrunner and administrative agent
$126 Million
Peninsula Packaging Company, Hollister, CA, a Odyssey Investment Partners’ portfolio company
Joint lead arranger, joint bookrunner and administrative agent
$21 Million
To support the acquisition of the Early Autism Project by Educational Services of America, a Trimaran Capital portfolio company.
Sole lead arranger, sole bookrunner and administrative agent in senior credit facilities
$37 Million
To support First Atlantic Capital’s control investment in C.P. Converters, Inc.
Sole lead arranger, sole bookrunner and administrative agent in senior credit facilities
$31 Million
Dave's Killer Bread, a Goode Partners portfolio company
Administrative agent in senior credit facilities
Capital Business Credit (CBC)
$3.5 Million
Veratex, a manufacturer of world-class bedroom sets and decorative bath fashions, California
Revolving
factoring facility
$10 Million
Burns & Roe Group, Inc.
Revolving asset-based loan facility
Capital One Bank
$168.8 Million
Healthcare real estate entity to facilitate the acquisition of the property underlying 25 skilled nursing facilities in Alabama, Florida and Mississippi
Five-year term loan
$45 Million
Interface Security
Systems LLC
Revolving credit facility from Capital One
Bank’s Security and Defense team
Celtic Bank
$5 Million
Metals manufacturer and wholesaler, Philadelphia, PA
SBA working
capital CAPLine
$300,000
Importer and wholesale distributor of golf accessories, Phoenix, AZ
SBA working capital CAPLine with a $75,000 inventory sub-limit
Celtic Capital Corporation
$3.5 Million
Manufacturer and supplier of home building products, Cincinnati, OH
Accounts receivable
line of credit
$1.5 Million
Specialty manufacturer of cold-finished steel bars and coils, Fallston, PA
Accounts receivable
line of credit
$600,000
Manufacturer of modular cabinetry, custom built-in entertainment centers and library/office cabinetry
Accounts receivable
line of credit
CIT Group Inc.
N/A
AGC Composites & Aerostructures, a division of Oklahoma-based AGC Aerospace & Defense
Senior secured unitranche credit facility
$24 Million
12.3 megawatt solar photovoltaic energy installation at the Joint Military Base McGuire-Dix-Lakehurst in Burlington County, NJ
Senior secured credit facility; CIT Energy served as sole lead arranger; financing provided by CIT Bank
$199 Million
To support the recapitalization of BarrierSafe Solutions International in conjunction with its acquisition of ONGUARD Industries, LLC
Senior secured credit facilities; CIT Healthcare served as joint lead arranger, administrative agent and co-bookrunner for the transaction. Financing was provided by CIT Bank
N/A
Kushner Companies
First lien term loan arranged by CIT Real Estate Finance
N/A
BAUER-Pileco, Inc., a U.S. subsidiary of BAUER Aktiengesellschaft
(BAUER AG)
Equipment-based revolving line of credit
$50 Million
Dana Transport, Avenel, NJ
Secured term loan, CIT Capital Equipment Finance served as lead arranger, sole book runner, collateral agent and administrative agent; financing was provided by CIT Bank
Cole Taylor Business Capital
$14 Million
Total Hockey, Inc.
Facility used to refinance existing debt and fund ongoing working capital needs
$5.5 Million
ATS Workholding, Inc., Rancho Santa Margarita, CA
Facility used to refinance the company’s existing debt, fund ongoing working capital, and pursue growth initiatives
$5 Million
Foods Concepts, Inc.,
Buena Park, CA
Facility used to refinance existing debt and fund ongoing working capital
Crestmark
$350,000
Distributor of baby products, Florida
Accounts receivable ledgered line of
credit facility
$2.5 Million
Trucking company, Tennessee
Accounts receivable purchase facility
$200,000
Start up staffing company specializing in middle management, Virginia
Ledgered line of
credit facility
$500,000
Interstate trucking company that hauls automobiles across the country, Illinois
Accounts
receivable facility
$1 Million
IT staffing company, Maine
Ledgered line of
credit facility
$1 Million
Manufacturer and distributor of firearm components and accessories, California
Ledgered line of credit facility
$750,000
Company specializing in various services related to mapping and surveying, Texas
Accounts receivable purchase facility
$5 Million
Company selling consumer products to large retailers across the country,
New York
Asset-based line of credit facility
$2 Million
Manufacturer of nutritional products/supplements, including their own private label, New York
Ledgered line of credit facility with advances on accounts receivable
and inventory
$5.2 Million
Screw machine shop, Michigan
Asset-based lending and term loan facility with advances on accounts receivable, inventory, machinery and equipment
$250,000
Company that designs and manufactures currency change for self-service coin-operated industries – such as laundry, carwash, amusement, and vending machines, Indiana
Term loan facility with advances on machinery and equipment
$800,000
Manufacturer and nationwide distributor of safety equipment and supplies, North Carolina
Ledgered line of credit facility with advances on accounts receivable
$1 Million
Existing Crestmark customer using one of Crestmark’s new equipment financing products, Michigan
Term loan facility
$500,000
National electrical contractor, that provides energy-saving lighting products and installation services, Florida
Term loan facility with advances on machinery and equipment
Federal National Commercial Credit
$2 Million
SDVOSB Information Security Management Company
Working capital
financing line
$1.5 Million
Telecommunication
system provider
Accounts receivable factoring line
$300,000
Provider of consultancy and staff augmentation services
Payroll funding line
$200,000
8(a) certified provider of program support services
Government contract financing line
First Capital
$7.5 Million
Crash Rescue Equipment Service, Inc.
Revolving line of credit, consisting of a $6 million working capital revolver collateralized by accounts receivable and inventory and a $1.5 million term loan
$8.5 Million
Manufacturer of fruit juices and cocktail mixes served to guests of institutional and commercial establishment
Accounts receivable-backed revolving line
of credit
$6.85 Million
Manufacturer of custom store fixtures for the
grocery and specialty
retail markets
Revolving line of credit consisting of a $6.5 million working capital revolver collateralized by accounts receivable and inventory, and a $350,000 term loan
$13 Million
US subsidiary of a global manufacturer of specialty chemicals
Accounts receivable purchase facility
$8.5 Million
Manufacturer of outdoor
and specialty signs
Asset-based senior credit facility
FirstMerit Bank Business Credit
$8.835 Million
Wellborn Forest Products, Inc., Alexander City, AL
Revolving credit loan
and term loan facility
$10 Million
Origin Point Brands, LLC, Charleston, SC
Revolving credit
loan facility
$18.4 Million
Arrow Tru-Line Holdings, Inc., Archbold, OH
Revolving credit loan
and term loan facility
$6.7 Million
Addison McKee, Inc., Lebanon, OH
Revolving credit loan
and lease facility
GE Capital, Corporate Finance
$500 Million
Axiall Corporation,
Atlanta, GA
Asset-based
credit facility
GE Capital, Healthcare Financial Services
$45 Million
The Brooklyn Hospital Center, Brooklyn, NY
Senior secured
credit facility
$12 Million
SIGA Technologies, Inc.
Senior secured
credit facilities, consisting of a $5 million term loan and a $7 million revolving line of credit
$8.5 Million
TYRX, Inc.
Senior secured credit facility consisting of a $7 million term loan and a $1.5 million revolving line of credit
Gemino Healthcare Finance (Gemino)
$7.35 Million
Integra Partners,
New York, NY
Consisting of a $4 million revolving line of credit and a $3.35 million
term loan
Gibraltar Business Capital (GBC)
$2.5 Million
Largest free circular publication in the US,
New York
Factoring line of credit
$1 Million
Six-year-old manufacturer
of high tech products for
traffic signal control
and intelligent
transportation systems, Arizona
Factoring line of credit
$600,000
Business process outsourcing center, Ohio
Factoring line of credit
J D Factors
$250,000
Transportation company, Tennessee
Factoring facility
$100,000
Transportation company, Ontario
Factoring facility
$50,000
Welding company, Texas
Factoring facility
$250,000
Transportation company, Pennsylvania
Factoring facility
$150,000
Transportation company, New York
Factoring facility
$150,000
Distribution company,
New York
Factoring facility
$200,000
Construction company California
Factoring facility
$500,000
Transportation company, Indiana
Factoring facility
$1 Million
Construction company, Texas
Factoring facility
$200,000
Transportation company, Colorado
Factoring facility
$100,000
Transportation company, Ontario
Factoring facility
Keltic Financial Services
$6 Million
IGXGLOBAL CORP, a subsidiary formed by iGambit Inc. to purchase the business of IGXGlobal, Inc. and IGXGlobal UK Limited
Senior secured
revolving line of credit
$3.75 Million
Excelso Coffee
Comprised of a $2.5 million revolving line of credit and two term loans totaling $1.25 million
$5.9 Million
Abercrombie Textiles, LLC, Cliffside, NC
Consisting of a $4 million revolving line of credit and a $1.9 million
term loan
King Trade Capital
$1 Million
Importer of wireless accessories, New York
Purchase order
finance facility
$1.25 Million
Importer of active wear apparel, Florida
Purchase order
finance facility
Liquid Capital Corp.
$100,000
Company which provides high quality festive LED lighting
Factoring credit facility
$5.5 Million
Company which provides supply of qualified work force for structural steel, piping and other oilfield construction
Factoring credit facility
$5 Million
Company which provides environmental remediation
of contaminated soil from
oil spills and pipeline breaks
Factoring credit facility; Funds are needed to expand business
$500,000
Company which provides design and fabrication of a wide variety of systems and industrial equipment
Factoring credit facility
$1.5 Million
Company which provides designs and manufactures
the oil and other
use tanks and vessels
Factoring credit facility
$250,000
Company which
produces animated films
Factoring credit facility; funds are needed to provide bridge financing
$400,000

Company which provides oilfield hauling and
tank truck services

Factoring credit facility
$75,000
Company which provides truck lift services
Factoring credit facility
Marquette Business Credit
N/A
Trifecta Foods (formerly Energy Club LLC)
Accounts receivable and inventory revolver
and equipment
term loan facility
N/A
CSS Distribution Group, Inc., Louisville, KY
Revolving line of credit
$8 Million
Support Services of America, Inc.
Senior debt refinancing consisting of a revolver and cash flow
term loan facility
MidCap Business Credit
$5 Million
Furniture manufacturer
in the Northeast Region
Revolver
$3.75 Million
Manufacturer of foam board in the Northeast Region
Revolver
$3.3 Million
Electrical wholesaler
in the Midwest Region
Revolver and term loan
$1.5 Million
Chemical distributor
in the Northeast region
Revolver
Monroe Capital LLC
$200.6 Million
Seven different companies including three acquisition financing transactions and four recapitalization transactions
Monroe originated, agented and closed $200.6 million in new investments in
December 2012
North Mill Capital
$2.6 Million
Processor and converter of protective and decorative packaging, New Jersey

Credit facility comprised of an $1.8 million accounts receivable revolving line of credit and an $800,000
term loan

$750,000
Producer of custom molded parts and assemblies, Wisconsin
Accounts receivable factoring facility
$1.2 Million
Importer and distributor of wines and spirits,
New Jersey
Accounts receivable and inventory credit facility
PNC
$25 Million
Superior Coring Systems Inc., Alberta
Senior secured
revolving credit
RedRidge
$16.5 Million
Focus Venture Partners, Inc.
Senior term loan facility, consisting of $8.5 million revolver and an $8 million senior term loan facility provided by RedRidge, through its RFG Fund I, LLC, and Atalaya Capital Management and its affiliates
Republic Business Credit
$2.5 Million

Food processor,
Houston, TX

Working capital facility
RMP Trade Credit
$2.1 Million
Manufacturer of pool products, Arkansas
Purchase order facility; product is being sold to a prominent big box store with the payout being a line of credit from the big box store.
$100,000
Footwear designer, Virginia
Purchase order facility; a factoring company in Texas will serve as the takeout
$1 Million
Manufacturer of apparel, Dominican Republic
Purchase order facility; a factoring company in New York will serve as the takeout.
$225,000
Importer of perfume in Chicago area
Purchase order facility, a factoring company in Texas will be financing their accounts receivable.
$1,000,000
Aircraft engines for client in Seattle
Purchase order facility; deal was brought to RMPTC directly from client. A well-known factor in California will serve as the takeout.
$1.8 Million
Company that buys and rents temporary roads for large electric companies during repairs, Massachusetts
Purchase order facility
Ridgestone Bank
$1,032,100
Accounting firm with three suburban Chicago locations serving small business clients throughout the Chicago Area
SBA 7(a) business acquisition loan
$2,375,000
Hotel, North Lake, IL
SBA 7(a) mortgage refinance
$1.65 Million
Employer benefit services provider, serving several hundred small businesses,
Metro New York area
SBA 7(a) Business Acquisition Loan
$650,000
Two gasoline convenience stores, West Allis, WI

 

SBA 7(a) refinance; o By re-amortizing existing debt, the additional cash flow will allow the borrower to upgrade pumps and make improvements

$1,050,000
Landscaping, lawn maintenance and snow removal company,
Pleasant Prairie, WI
SBA 7(a) refinance plus $350,000 SBA CAPLine
$3,060,000
Media manufacturing and digital services company for corporate communications needs, Mequon, WI
SBA 7(a) loan; refinanced an SBA 504 plus four additional
notes from other financial institutions, providing a relationship conducive to the company’s long term goals
$740,000
Restaurant,
Door County, WI

SBA 7(a) Business Acquisition Loan; Loan allowed the borrower to purchase their first restaurant and allowed the sellers to retire after 20 years of running the restaurant.
$355,000
Purchase of real estate for
a metal parts manufacturer, Franklin Park, IL
SBA 7(a) term loan
$2.24 Million
Restaurant,
Buffalo Grove, IL

SBA 7(a) term note; loan was used to refinance mortgage and business debt, and was able to save the owner of this independent family restaurant almost $100,000 annually on loan payments
$200,000
Wholesaler of ethnic foods and spices, Rensenville, IL

SBA 7(a) loan; loan provided working capital needed for growth. Revenue increased, cash flow improved, and the owners could add more product to their inventory
$429,000
Franchise, West Chicago
SBA 7(a) loan; longer maturity of the loan allows better cash flow for the borrower
$1,766,470
Convenience store/truck stop in Rockdale, IL

SBA 7(a) loan; improved cash flow and potential for growth

$1,543,000
Franchise, Coralville, Iowa
SBA 7(a) loan; loan provides increased cash flow and longer maturity
Salus Capital Partners, LLC
$80 Million
Kid Brands, Inc.
Senior secured
credit facility
$35 Million
W Diamond Group Corporation
Senior secured
credit facility
$3 Million
Total Hockey, Inc.
Senior secured
term loan
$13.2 Million
Big M, Inc., operating as Mandee and Annie Sez
Debtor-in-possession (DIP) facility
C$6 Million
Northern Reflections Ltd.
Senior secured
credit facility
Star Funding Inc.
$1 Million
Manufacturer and distributor of personal care products, journals, candles and other consumer goods, New York
Purchase order finance and factoring facility
$5 Million
Importer and wholesaler of consumer electronics, California
Purchase order finance and factoring facility
$2.5 Million
Importer and wholesaler of spirits and food, California
Purchase order finance and factoring facility
TCF Capital Funding (TCFCF)
$8.5 Million
In support of the recapitalization of Direct Marketing Solutions, Inc., Portland, OR
Senior secured
credit facilities
$13.5 Million
To support the acquisition of Gullett, based in Houston, TX and Associates, Inc. by Linx Partners, LLC and management

Senior secured
credit facilities

$10.5 Million
In support of the recapitalization of East Coast Colorants, LLC d/b/a Breen Color Concentrates and affiliated entities (collectively Breen or the Company), Lambertville, NJ
Senior secured
credit facilities
The Porter Capital Group 
$40,000
Transportation company, Houston, TX
Non-recourse
factoring facility
$75,000
Transportation company, Birmingham, AL
Factoring facility
$500,000
Transportation company, Woodstock, AL
Factoring facility
TAB Bank
$1 Million
ProStar Trucking, LLC,
Salt Lake City, UT
Credit facility
U.S. Bank Asset Based Finance
$60 Million
Westlake Hardware, a subsidiary of Ace Hardware Corporation, Lenexa, KS
Revolving credit facility
US Capital Partners, LLC
$22 Million
Fast-growing US firm in the oilfield services sector, Oklahoma
$5 million accounts receivable line of credit, a $5 million bridge term loan, and a $12 million machinery and equipment term loan
Veritas Financial Partners
$1.2 Million
One of the largest distributors of natural stone slabs and tiles for interior design and construction in the southeast United States
Senior secured
credit facility
Wells Fargo Capital Finance
N/A
Refinancing of Apple & Eve, LLC, the largest independent juice company in the U.S., Port Washington, NY
Garrison Investment Group provided a first-lien senior secured term loan, and Wells Fargo Capital Finance provided an asset-based revolver, to support the refinancing of its existing senior credit facility
 

 

 

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