Industry Deals

Secured Lender, The, Jan/Feb 2006

CAPCO Financial, a division of Greater Bay Bank, provided a $5 million asset-based credit facility to Charys Holding Company.

CapitalSource Inc. announced that it plans a public offering of 15 million shares of its common stock. It is expected that certain of these shares will be offered to insiders, including board members, their affiliates and management, at the public offering price. The offering price of the shares will be determined by market conditions at the time of pricing in consultation with the underwriters of the offering. The joint bookrunning managers for the offering are Citigroup, Wachovia Securities, Lehman Brothers and JMP Securities. CapitalSource provided an $ 11 million facility to Teltronics.

Capstone Business Credit, LLC announced the signing of a $23 million dollar, two-year project financing agreement with Milmar Food Group.

CIT Commercial Services led a $195 million credit facility to G-III Apparel Group.

CIT Group and Contrarian Service provided a $45 million revolving line of credit and a five-year, $27 million note to Horsehead Corporation.

CIT Group/Business Credit and CIT Business Credit Canada have provided a $35 million revolving credit facility to Port Townsend Paper.

Comerica Bank provided $56.6 million in real estate financing and a $9.5 million credit line renewal to Greenfield Wine Company (d/b/a) Cartridge & Browne Winery. Comerica also provided a $10 million line of credit with Neurobiological Technologies.

Credit Suisse First Boston acted as lead arranger and sole bookrunner in a $150 million institutional second lien term loan. Coarrangers were FirstAlbany, Harris Nesbitt, Hibernia Southcoast Capita, Jefferies & Co., Keybanc Capital Markets and Suntrust Capital Markets.

Deutsche Bank Securities, Bane of America Securities, Credit Suisse and Goldman Sachs were the leads for Neiman Marcus Group's $600 million asset-based revolving credit facility for its buyout.

Fifth Street Capital closed a $10.65 million investment in American Sheetmetal, d/b/a American Integration Technologies. The investment consists of $10 million in senior subordinated notes and $650,000 in preferred stock. LaSalle Business Credit provided the senior credit facility for the acquisition.

GC Financial Services has provided a $5 million line of credit to Force Protection.

GE Commercial Finance has structured and arranged $440 million in senior financing to support the construction of the world's newest state-of-the-art steel mill. The funding was provided to SeverCorr LLC, a newly formed partnership between SteelCorr, owned by steel industry veteran John Correnti and Severstal Group. GE Commercial Finance, Morgan Stanley Senior Funding, and Wells Fargo Foothill committed $240 million in new financing for New World Pasta Company. The financing will be used to finance the company's exit from its Chapter 11 reorganization proceedings.

GE Distribution Finance provided a $15 million credit facility to Trillon Communications.

GE Global Media & Communications arranged $485 million in senior secured financing for IPC Acquisition Corp; arranged $40 million in senior secured financing to Cedar Rapids, ??-based NRG Media, LLC; provided $ 14 million in senior secured financing for Coast Radio Company; an $ 18 million financing facility used in part by Valor Equity Partners for the acquisition of Mountain High and a $ 170 million in senior secured financing as administrative agent for PrairieWave Communications.