Industry Deals

Secured Lender, The, Jan/Feb 2006

GMAC Commercial Finance and GMAC Commercial Finance in the U.K. have provided a $24.4 million facility to Daler-Rowney Limited and Daler-Rowney USA Limited.

GMAC Commercial Finance's Retail Finance Group announced the funding of a $ 15 million senior secured credit facility to BC Sports Collectibles, Inc., a national retailer of authenticated, autographed sports memorabilia and sports collectibles.

GoldmanSachs Credit Companies and Oaktree Capital Management provided $100 million in new financing to Spirit Airlines.

Great American Group purchased Hawkins & Powers Aviation, Inc., a major aerial tanker, transport and charter firm for over 50 years.

Guaranty Business Credit provided a $4 million senior secured revolving facility to The Interflex Group.

Healthcare Finance Group provided a $5 million revolving credit facility to Community Hospital of Long Beach.

Hilco Healthcare Receivables has acquired a $45 million healthcare A/R portfolio in a M&A transaction. Hilco Healthcare Receivables made a nonrecourse purchase of roughly $45 million of receivables across all financial classes in varying stages of liquidation.

Insteam Capital has provided a $4.5 million secured, nonconvertible 18-month, interest-only term loan to Trinity Learning.

IP Innovations Financial Services, Inc. arranged a debtor-in-possession loan for Xybernaut Corporation, a pioneer in the wearable and mobile computing industry. IPI is serving as financial advisor on the transaction and is assisting Fairfax, VA-based Xybernaut on maximizing the value of its intellectual property assets. The loan is secured principally by Xybernaut's extensive intellectual property portfolio, which includes more than 750 worldwide patents and patent applications, as well as trademarks and copyrights. IPI was a strategic advisor in the transaction, and drew upon its proprietary IP valuation capabilities and experience in assessing patent, trademark and copyright assets to underwrite and place the loan. The loan is up to $5 million over a one-year period.

Jantaq provided a $ 10 million line of credit to Cardinal Communications.

J.P. Morgan Chase, acting as administrative agent, provided a $400 million bank credit facility to USEC and provided a $250 million senior secured revolving line of credit to CSK Auto. J.P. Morgan Chase also provided $1.1 million in debtor-inpossession financing to GT Brands Holdings.

KeyBank and Calyon New York Branch, acting as leaders, as well as participants Royal Bank of Scotland, Morgan Stanley and Lehman Brothers, provided a $275 million revolving credit facility for Crown Castle.

LaSalle Business Credit provided a debtor-in-possession loan to S-Tran Holdings.

Lehman Brothers arranged a $547.25 million senior credit facility package to Key Energy Services, including a $65 million credit facility.

Lenders Funding, LLC has entered into participation with a factor, committing $2.5 million to a major distributor and marketer of kitchen appliances.

Laurus Master Fund provided a $7.5 million credit facility to Pacific CMA and $4 million in convertible financing for Naturade. Laurus also provided a $34.5 million term loan for 360 Global Wine Company's acquisition of Sonoma County-based Viansa Winery and Italian Marketplace.