Industry Deals

Secured Lender, The, Mar/Apr 2006

Manufacturers and Traders Trust provided a revolving credit facility for aggregate borrowings of up to $2 million for Emerging Vision.

Marquette Financial Companies, through its Phoenix-based subsidiary Meridian Bank, NA, has completed an acquisition of Silver Construction Capital, LLC, a specialty real estate finance company, and Silver Title Company, LLC, their affiliated title insurance agency, based in Fredericksburg, VA.

Mercantile Business Credit provided a $5 million credit facility for Industrial Enterprises of America's subsidiaries, EMC Packaging and Unifide Industries.

Meridian Venture Partners provided $1 million in post-petition financing for Rufus Inc., a seller of dogs and dog supplies and accessories.

Merrill Lynch Capital has provided the following deals: $217 million in senior and junior credit facilities to support the acquisition of Haggar Corp., by an investor group led by Infinity Associates, LLC and Perseus, LLC; a senior credit facility to support the acquisition of the Harlem Globetrotters by Shamrock Capital Growth Fund; a $29 million senior credit facility to support the acquisition of the assets of Uni Boring Company out of bankruptcy by The Carlyle Group and JME Opportunity Partners, who subsequently renamed the company Diversified Machine, Inc. Merrill Lynch Capital and Madison Capital Funding led the financing for Behrman Capital's portfolio company, Hunter Defense Technologies, acquisition of PowerSystems International. Merrill Lynch Capital provided a $28 million senior credit facility to support the recapitalization for Paradigm Group, sponsored by Shore View Industries; a $69.5 million senior credit facility to supported the refinance of LOUD Technologies; a $41.5 million senior credit facility to support the acquisition of Norwesco by Allied Capital Corporation; committed to a $230 million facility for COMSYS IT Partners; provided a $9 million credit agreement for MED3000 Group; a $50 million credit facility to Regent Entertainment; a $40.5 million senior secured credit facility to support the acquisition of the Wood Products and Rail Services divisions of RailWorks Corporation by PNC Equity Partners; a $230 million creditfacility to COMSYS IT Partners, Inc. and a $59 million senior credit facility to support the acquisition of ORS Nasco, Inc., by Brazos Private Equity Partners, LLC.

Merrill Lynch Commercial Finance provided a $150 million amortizing truck term loan facility to AMERCO, the parent company of U-Haul.

MHR Fund Management LLC provided a $15 million senior secured loan to Emisphere Technologies.

MidCap Business Credit has provided a $1 million revolving credit facility to Tallin and a $1.5 million revolving credit facility to RAB Communications, a telecommunication contractor that provides services to the CATV/telecommunications industry.

Milestone Capital Management has committed to a $750,000 debtor-in-possession financing to home improvement company, Thermo View Industries.

Morgan Stanley, GE Capital and Wells Fargo Foothill provided $240 million in exit financing for New World Pasta Company.