Industry Deals

Secured Lender, The, Jan/Feb 2006

Marquette Commercial Finance, Inc. provided the following deals: a $1 million working capital facility to distributor of specialty Cuban sandwiches in New York; a $500,000 working capital facility to an internet and fax messaging service company in Florida and a $750,000 working capital facility to a frozen seafood distributor located in Florida.

MFC Capital Funding announced that, since its founding in February 2005, they have completed ten transactions totaling over $100 million in commitments.

Medical Capital completed a facility of over $4.8 million, which includes weekly advances, for New Life Centers, a new residential treatment center for eating disorders; up to $2.5 million with Strategic Governmental Solutions, Inc., the largest third-party Medicaid contracting company for school districts, and $22 million in acquisition credit for SMB King Properties, which includes a $ 1 million line of operating credit.

Merrill Lynch Capital provided a $150 million senior and subordinated credit facility to support the acquisition of Champion Exposition Services, Inc. and the George E. Fern Company by Wachovia Capital Partners. The two companies are now subsidiaries of the newly formed WCP Exposition Services Operating Company LLC. Merrill Lynch Capital acted as sole lead arranger, sole bookrunner and administrative agent for the $125 million senior credit facility, and sole lead arranger and sole bookrunner for the $25 million subordinated notes. Merrill Lynch Capital provided a $175 million senior credit facility to support the recapitalization of United Site Services, Inc., a portfolio company of New York-based Odyssey Investment Partners and provided a $60 million senior credit facility to support the recapitalization of Hudson Products Corporation, an affiliate of Chicagobased Madison Capital Partners Corporation.

MidCap Business Credit provided a $ 1.2 million revolving credit facility to Bailey Tool & Manufacturing.

Milestone Advisors, LLC, a wholly-owned subsidiary and the financial advisory division of Milestone Merchant Partners, LLC, served as financial advisor for the following transactions: RBC Financial Group's sale of selected assets to New Century Financial Corporation; Business Alliance Capital Corporation's acquisition by Sovereign Bank and Jenark Business Systems, Inc.'s acquisition by First Advantage.

Monroe Capital LLC announced the funding of a $10 million junior secured credit facility for S.R. Bray Corporation d/b/a Power Plus. Monroe Capital's term loan, in conjunction with a $25 million senior credit facility from PNC Bank, was used to repurchase preferred stock in the company held by a shareholder, refinance existing debt and provide ongoing working capital. Monroe also provided a $10 million term loan to MC Test Service. LaSaIIe Business Credit also provided a $40 million revolving credit facility, and, in conjunction with Monroe's term loan, the funds were used to refinance existing debt.

ORIX USA's Corporate Finance Group provided a $25 million Term B Credit Facility to Omni Energy Services.