Industry Deals

Secured Lender, The, Mar/Apr 2006

CIT Business Credit led a $35 million in debtor-in-possession credit facility for O'Sullivan Industries and provided $75 million in debtor-in-possession financing for Asarco.

Citigroup Global Markets provided a $455 million syndicated credit facility to Polymer Group and, with Wachovia Capital Markets, provided a $300 million revolving credit and letter of credit facility for EDO. Citigroup Global Markets and J.P. Morgan Chase provided a $4.5 billion senior secured debtor-in-possession facility to Delphi Corp.

CIT Group provided a $30 million debt financing to National Renal Alliance.

Citizens Bank provided a $5.3 million term loan to Tasty Baking Company.

Comerica Bank provided a new credit facility for DataLabs; a $25 million senior secured credit facility for OnFiber Communications and a $20 million credit facility to PacWest Telecomm.

Commercial Capital Lending provided a $3 million revolving credit facility to SearchHelp, a provider of online family protection.

CSI Business Finance finalized a $1.25 million facility to Sagamore Holdings that will provide working capital to support Sagamore's subsidiary company, Nexus Custom Electronics, a manufacturer of printed circuit boards.

CSI Financial Services, LLC (CSI), has recently finalized a new funding commitment in the amount of $18.75 million with a western regional bank.

D.E. Shaw Laminar Lending provided $8 million in debtor-in-possession financing for The Boyds Collection.

Deutsche Bank served as a joint lead arranger/agent for a $2.725 billion senior secured credit facility to fund Penn National Gaming's acquisition of Argosy Gaming Company.

Deutsche Bank securities and J.P. Morgan securities led Coinmach in its refinancing of its senior secured credit facility.

Diversified Business Credit provided $8 million in new senior secured credit facilities to IntriCon.

Fifth Street Capital closed a $7.25 million investment in Rostra Tool Company and closed a facility to fund the acquisition of ExtruMed, LLC by Inverness Capital and Wedbush Capital Partners.

Fifth Third Bank provided a new $16.1 million credit agreement to Ceco Environmental Corp., parent of Oakley's Kirk & Blum manufacturing. The financing includes a $3.1 million term loan and a revolving credit agreement for up to $13 million.

First National Bank of Colorado provided a $4.5 million revolving credit facility to Metretek Technologies.

GE Antares Capital and Dymas Capital Management are investing in a senior term A loan and are providing a revolving credit facility to Stein World. American Capital Strategies is also investing $32 million in the form of mezzanine financing.

GE Capital and UBS led the recapitalization for ILC Industries, a defense, aerospace and industrial products provider, with Behrman Capital providing $337.5 million.

GE Capital Markets, Inc. is the lead arranger and bookrunner for a new $160 million senior secured revolving credit facility for SBA Communications Corporation's wholly-owned subsidiary, SBA Senior Finance II, LLC. This facility was provided by a syndicate of lenders.