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May 10, 2013
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The Secured Lender's April 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.

TSL Deal Alert reports that 145 deals totaling $9,065,526,000 were submitted to tslexpress@cfa.com between April 3, 2013 - May 2, 2013.

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 June.

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

Deal Size
Borrower
Notes
ABN AMRO Capital USA LLC 
$170,000,000
TAP Funding Ltd., a wholly-owned subsidiary of Textainer Group Holdings Limited
Three-year revolving credit facility, with a group of financial institutions led by ABN AMRO Capital USA LLC, and including ING Belgium NV/SA, Sovereign Bank, N.A. and, Union Bank, N.A. ABN AMRO Capital USA LLC will serve as Administrative Agent
Access Capital  
$500,000
IT consulting firm,
New Jersey
 Credit facility
Al Khalij Commercial Bank, Ahli United Bank, Arab Bank, Emirates NBD Capital, National Bank of Abu Dhabi, Qatar National Bank and Standard Chartered Bank  
$700,000,000
Mobile Telecommunications Co, or Zain Group
Three-year, revolving credit facility
Aileron Capital Management  
$5,000,000
Loans were provided to: borrowers utilizing the SBA 504 loan program; three residential "fix and flip" transactions; and for the acquisition of a Radisson Hotel
Bridge loans
Amalgamated Capital (AmalCap) 
N/A
WhistlePig LLC
Three year, asset-based senior secured revolving line of credit
Amerisource Business Capital  
$15,000,000
Oilfield and industrial services firm, texas
Revolving ABL facility
Bank of America Business Capital  
N/A
Vi-Jon, Inc., a leading manufacturer, developer and distributor of private label personal care products in the United States
Senior secured credit facility to refinance the company's existing debt, finance capital expenditure investment and provide ongoing working capital
Bank of Montreal  
$35,000,000
UMH Properties
Unsecured revolving credit facility
Barclays Bank PLC 
$100,000,000
Flagship Credit Acceptance LLC
Senior lending facility
Bibby Financial Services 
$1,000,000
Company that packages and distributes cigars and similar products to retailers, Quebec, Canada
Factoring facility
$3,250,000
Manufacturing company, Ontario
Factoring facility
$2,500,000
Transportation company, New Brunswick
Factoring facility
$500,000
Media company, Ontario
Factoring facility
$450,000
Transportation company, Maryland
Factoring facility
$250,000
Manufacturing company, Colorado
Factoring facility
$250,000
Temporary and permanent staffing, Texas
Factoring facility
$250,000
Distribution company, Ontatrio
Factoring facility
$250,000
Transportation company, Georgia
Factoring facility
$250,000
Food and beverage company, Quebec
Factoring facility
Business Capital  
$2,000,000
High volume provider of quality granite and stone residential products,
North Carolina
Successfully restructured $2 million of creditor claims out of court
$2,000,000
Wine company, California
Recapitalization and acquisition financing
Capital One Bank  
$35,000,000
American Apparel, Inc.
Five-year asset-backed revolving credit facility
CapitalSource  
$20,000,000
ASG Security,
Beltsville, MD
Increase to ASG Security's revolving credit facility
Celtic Capital Corporation 
$2,000,000
Healthcare-related company, Arizona
A/R line of credit
$3,500,000
Pipes and fitting distributor, Texas
A/R line of credit
$750,000
Minnesota-baked goods manufacturer
A/R line of credit
$750,000
Designer and manufacturer of collapsible water bottles needed its first-ever line of credit to grow the business
A/R line of credit
$1,500,000
Dallas-based ready-mix concrete manufacturer
A/R line of credit and equipment loan
$1,150,000
Distributor of office supplies and furniture
A/R and inventory lines of credit
Citibank and JPMorgan Chase Bank  
$1,000,000,000
Southwest Airlines
Five-year revolving credit arrangement; Citibank and JPMorgan Chase Bank as co-administrative agents
CIT Group 
$220,000,000
To help finance the acquisition of TrustHouse Services Group by Elior SCA and Charterhouse Capital Partners.
Senior secured credit facility; CIT Corporate Finance served as sole lead arranger and administrative agent. CIT Bank provided financing
$96,000,000
Harvest Partners, a leading middle market private equity firm, to support its refinancing of TruckPro, LLC
Senior secured credit facility; CIT Corporate Finance served as co-lead arranger and documentation agent. CIT Bank provided financing
Comerica Bank
$17,000,000
NeoPhotonics Corporation
Senior secured facility; Comerica was administrative agent and leader arranger and East West bank served as lender
Coral Capital Solutions  
$50,000,000
Distributor of
dairy products
Factoring facility
Credit Suisse, Morgan Stanley, Bank of America Merrill Lynch, Barclays, Deutsche Bank, Goldman Sachs, J.P. Morgan, Royal Bank of Canada and UBS 
$1,780,000,000
Dynegy, Inc., Houston TX
Consisting of a $1.78 billion new credit facility, including $1.3 billion in new senior, secured term loans and a $475 million corporate revolver account
Crestmark 
$150,000
Start-up trucking operation hauling general dry freight primarily in the southern states, Kentucky
Accounts receivable purchase facility
$500,000
Broker and distributor of steel, Michigan
Ledgered line of credit facility
$750,000
Medical staffing company, Alabama
Ledgered line of credit facility
$600,000
Manufacturer of sublimation printing, Ohio
Ledgered line of credit facility with advances on accounts receivable
$300,000
Company that assists car rental agencies dispose of their fleets, California
Accounts receivable purchase facility
$750,000
Staffing company, South Carolina
Ledgered line of credit facility
Crossroads Financial  
$700,000
Food manufacturer
Purchase
order financing; Crestmark also provided a
$550,000 facility

Deutsche Bank AG New York Branch and Bank of America, N.A  

$300,000,000
Flowers Foods
Senior unsecured delayed-drawn term loan facility, to help finance the pending acquisition of certain brands and assets of Hostess Brands, Inc., and pay certain acquisition-related costs and expense
Doral Healthcare Finance (DHF) 
$3,000,000
Behavioral health and rehab chain, Minnesota
Asset-based working capital facility
$2,000,000
Nursing home, New York
Asset-based working capital facility
DS-Concept Factoring 
$1,500,000
Manufacturer and wholesaler of mattresses, North Carolina
A/R line
$2,000,000
Wholesale distributor and designer of women’s clothing, selling to high end retailers
A/R line
Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities, LLC and Citigroup Global Markets Inc. 

$1,425,000

Leap Wireless International, Inc.'s wholly-owned subsidiary, Cricket Communications, Inc.
Incremental term loan facility
Far West Capital 
$1,600,000
Hardwood products company,
Salt Lake City, UT
N/A
$1,100,000
Snack food manufacturer, Irvine, CA
N/A
$250,000
Transportation company, Wills Point, TX
N/A
$200,000
Transportation company, Marble Falls, TX
N/A
$350,000
Telecommunications company, Austin, TX
N/A
$500,000
Pond maintenance products company, Fort Wayne, IN
N/A
$40,000
Transportation company, Odessa, TX
N/A
$1,000,000
Lumber and building supply company, Miami, FL
N/A
$600,000
Business support services company, Austin, TX
N/A
Federal National Commercial Credit  
$4,000,000
Healthcare IT and training services firm
Government contract funding line
$250,000
IT consulting firm
Accounts receivable financing line
$300,000
IT consulting firm
Payroll funding line
First Business Capital Corp. 
$2,400,000
Wholesaler of steel coils and sheets, New Jersey
Revolving line of credit and real estate term loan
$4,000,000
Distributor of office equipment, Indiana
Revolving line
of credit
First Capital 
$10,000,000
Key Industries, Inc., a manufacturer of quality work wear
Revolving line
of credit
First Growth Capital 
$5,000,000
Producer of retail beverage displays
Working capital credit facility
Full Circle Capital Corporation  
$6,000,000
Modular Process Control LLC (MPC),
Chesterfield, MO
Senior secured
credit facility
$4,400,000
Pristine Environments, Inc. (PEI), McLean, VA
Senior secured
credit facility
GB Credit Partners 
$30,000,000
BrandsMart U.S.A.
Senior secured
term loan
GE Capital, Corporate Finance  
$195,000,000
Electrical Components International, Inc. (ECI), St. Louis, MO
Cash flow
credit facility
GE Capital, Franchise Finance 
N/A
Interaction Asian Restaurants L.P
Development
credit facility
$45,000,000
Lightstone Value Plus REIT Inc., sponsored by The Lightstone Group
Revolving
credit facility
GemCap 
$9,850,000
Automotive factory
Credit facility
$7,500,000
Supplier to the bar and restaurant industry
Revolving facility against accounts receivables and inventory
$500,000
Stand-up paddle board company
Revolving facility based on inventory and accounts receivables
Gemino Healthcare Finance 
$7,000,000
The Judge Rotenberg Educational Center, Inc. (JRC), Canton, MA
Revolving line
of credit
Goldman Sachs  
$1,750,000,000
J.C. Penney
Five-year senior secured term loan
HSBC 
$75,000,000
AVG Technologies N.V.
Credit facility
JD Factors 
$75,000
Transportation company, Florida
Factoring facility
$300,000
Transportation company, Illinois
Factoring facility
$75,000
Transportation company, California
Factoring facility
$400,000
Delivery service company, Quebec
Factoring facility
$150,000
Staffing company, North Carolina
Factoring facility
$50,000
Telecommunications company in Texas
Factoring facility
$50,000
Transportation company, Florida
Factoring facility
$1,000,000
Transportation brokerage company, Illinois
Factoring facility
$50,000
Transportation company in Ontario
Factoring facility
$2,500,000
Staffing company, New Jersey
Factoring facility
$75,000
Transportation company, Georgia
Factoring facility
$150,000
Transportation company, Quebec
Factoring facility
$500,000
Distribution company, Quebec
Factoring facility
$500,000
Promotional products manufacturing company, Illinois
Factoring facility
$250,000
Transportation company, Oregon
Factoring facility
$500,000
Soil remediation company, Illinois
Factoring facility
$50,000
Transportation company, Tennessee
Factoring facility
$100,000
Transportation company, Indiana
Factoring facility
Jefferies LLC 
$195,000,000
Playboy Enterprises
Unsecured revolving credit facility, consisting of a $185 million term loan and $10 million in revolving credit
JPMorgan Chase Bank, N.A. 
$200,000,000

1-800-flowers.com

Revolving
credit facility
J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated 
$500,000,000
Weingarten Realty Investors
Unsecured revolving credit facility
KeyBank National Association and Stearns Bank National Association 
$20,000,000
Kona Grill, an American
Grill and Sushi Bar
N/A
King Trade Capital (KTC)
$1,300,000 (£850,000)
Importer of security equipment, United Kingdom
Purchase order finance commitment
$5,000,000
Dubai-based and Isle of Man domiciled fuel trading company
Trade finance facility
LBC Credit Partners 
$60,000,000
High Performance Industries, Inc.
Senior secured
term loan
$34,000,000
Quintec, a portfolio company of Tenex Capital Management
Senior secured
term loan
Marquette Business Credit, Inc. 
$10,000,000
Footprint Retail Services
Revolving line
of credit
MidCap Financial SBIC, LP (MidCap Financial) 
$20,000,000
Anthera Pharmaceuticals, Inc.
Debt
financing facility
Monroe Credit Advisors 
$23,500,000
Footprint Retail Services, a Chicago Growth Partners portfolio company
Senior secured
credit facilities
NewStar Business Credit  
$7,500,000
Corporate Call Center (CCC), Blue Bell, PA
Credit facilities which include revolving
and term loans
OneWest Bank, Barclays Plc and City National Bank  
$115,000,000
Relativity Media, LLC
Five-year revolving credit facility
PNC Bank  
$50,000,000
Pebblebrook Hotel Trust and Denihan Hospitality Group
Non-recourse, secured loan
Porter Billing Services and Porter Capital Corporation  
$25,000
Transportation company, Madison, MS
 Factoring facility
$65,000
Transportation company, Sterrett, AL
Factoring facility
$75,000
Fleet management and consulting company,
San Diego, CA
Factoring facility
$125,000
Security staffing company, Philadelphia, PA
 Factoring facility
$250,000
Transportation company, Caledonia, MI
 Factoring facility
$300,000
Transportation company, Eight Mile, AL
 Factoring facility
$350,000
Distributor of industrial piping and valves, Bay Minette, AL
Factoring facility
$350,000
Transportation company, San Bernardino, CA
Factoring facility
P-Wave Holdings 
$5,000,000
Powerwave Technologies
Multiple draw senior secured priming term loan credit facility
RBS Citizens, N.A 
$63,000,000
Diversified Restaurant Holdings, Inc.
RBS Citizens, N.A., acted as lead lender and administrative agent, with Wells Fargo Bank, N.A as documentation agent and lender; consisted of $46 million term loan, $15 million development line of credit and a $2 million revolving line of credit
$75,000,000
TRC Companies, Inc.
Five-year revolving credit facility with RBS Citizens, as lead bank, and JPMorgan Chase
Renewable Power Resources, LLC  
$6,500,000
XZERES Corp.
Credit facility
Salus Capital Partners, LLC  
N/A
Scott Kay, Inc., a leading designer and manufacturer of bridal and fashion oriented jewelry
Senior secured
term loan
$8,000,000
Totsy, Inc.
Senior secured
term loan

C$35,000,000

($34,846,000)

Laura's Shoppe (P.V.) Inc.
Senior secured
credit facility
Securcor Trust 
$50,000,000
Rifco Inc.
Funding facility renewal that replaces a previously authorized $80M facility of which only 33% was utilized
Silicon Valley Bank  
$25,000,000
Mattson Technology, Inc., a supplier of advanced process equipment used to manufacture semiconductors
Three-year revolving vredit facility
$11,000,000
CardioFocus, a medical device manufacturer
Oxford Finance and Silicon Valley Bank provided the facility to CardioFocus
Silo Financial Corp. 
$3,450,000
Repeat borrower who has successfully completed two similar homes
To construct a luxury single family residence on 240 Little Plains Road, Southampton Village, NY
 Square 1 Bank 
$3,000,000
SteadyMed Therapeutics, Ramon, CA, a specialty pharmaceutical company backed by KB Partners and Samson Ventures
 Term loan
Summit Financial Resources
$400,000
Health food company, Sacramento, CA
A/R credit line
$850,000
Consumer electronics testing firm
A/R credit line
$500,000
Staffing company
A/R credit line
$2,000,000
Service company
A/R credit line
$1,000,000
Jewelry manufacturer
A/R credit line
$700,000
Wholesaler of books and other media, Denver
A/R credit line
$1,750,000

Manufacturer of corrugated containers,
St. Louis, MO

A/R credit line
TAB Bank   
$2,000,000
Snowbird Environmental Systems Corporation, Jacksonville, FL
Senior revolving credit facility
TCA Global Credit Master Fund, LP  
$5,000,000
Petron Energy II, Inc.
Line of credit facility
ThePrivateBank & Trust  
$35,000,000
Vision Security
 Credit facility
U.S. Bank  
$1,500,000
General Growth Properties, Inc.
U.S. Bank acted as joint lead arranger, joint bookrunner and administrative agent on the transaction; RBC Capital Markets served as joint-lead arranger (left), joint bookrunner and syndication agent
US Capital Partners, LLC  
$6,000,000
Laser Engineering, Inc. (LEI), Franklin, TN
$1 million bridge financing round and a $5 million accounts receivable line of credit
Veritas Financial Partners  
$10,000,000
Factor and purchase order funding provider, Connecticut
Consisting of a $5 million senior secured revolving line of credit and $5 million co-lender facility
Victory Park Capital  
$75,000,000
Kabbage Inc.
Debt financing
Wells Fargo Bank, N.A.  
$400,000,000
Pennsylvania Real Estate Investment Trust
Unsecured credit facility
Wells Fargo Capital Finance Corporation Canada  
$60,000,000
SAIL Outdoors, Inc.
Senior secured
credit facility
Wells Fargo Capital Finance
$82,000,000
Business Financial Services, Inc.
 Credit facility
$50,000,000
Redknee Solutions, Inc.
Consisting of a $20 million revolver and $30 million in term loans
Wells Fargo Securities, LLC, Regions Capital Markets, a division of Regions Bank, and GE Capital Markets, Inc. 
$250,000,000
Denny's Corporation, one of America's largest full-service family
restaurant chains
Wells Fargo Securities, LLC, Regions Capital Markets, a division of Regions Bank, and GE Capital Markets, Inc. served as the joint lead arrangers and joint bookrunners for the new credit facility
$50,000,000
North Mill Equipment Finance LLC (North Mill EF)
Senior loan facility
Whitehorse Finance
$17,000,000
Advanced Tissue
Senior secured
credit facility
 

 

 

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