TCF Capital Funding Backs Direct Marketing Solutions Recap

TCF Capital Funding, the Chicago-based leveraged finance division of TCF National Bank has provided $8.5 million in senior secured credit facilities to back the recapitalization of Direct Marketing Solutions. The refinancing is being funded by Caymus Equity Partners, Centerfield Capital Partners and management.

PRESS RELEASE

TCF Capital Funding (“TCFCF”) , the Chicago-based leveraged finance division of TCF National Bank (“TCF Bank”), announced today that it provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions, Inc. (“DMS” or the “Company”) by a group formed by Caymus Equity Partners, including Caymus Equity Partners, Centerfield Capital Partners and Management.
Based in Portland, Oregon, DMS is a leading, vertically integrated direct marketing service provider that develops and executes strategic direct marketing programs on behalf of Fortune 1000 companies. With over 30 years of experience in the industry, the owners have built DMS into a leading direct marketing agency with a strong market position and renowned reputation for executing high quality direct marketing campaigns for long time marquee clients.
Joseph P. Gaffigan, President of TCF Capital Funding, said, “We have a long standing relationship with the management team, Mike and Steve Sherman, and DMS. We are excited by this opportunity to provide senior financing for the recapitalization of DMS and look forward to a long term relationship with Caymus Equity Partners, Centerfield Capital Partners and management.”

About TCF Capital Funding
TCF Capital Funding provides asset-based and cash flow lending to lower middle market businesses. National in scope, this senior leveraged lending group focuses on providing asset-based loans and private equity sponsor-backed cash flow loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.

About TCF Bank
TCF Bank is a wholly-owned subsidiary of TCF Financial Corporation (NYSE: TCB), a Wayzata, Minnesota-based national bank holding company with $17.9 billion in total assets at June 30, 2012. The company has over 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF Financial Corporation also conducts commercial leasing and equipment finance and leverage lending in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in over 30 states.

Joseph P Gaffigan
President
TCF Capital Funding
800 Burr Ridge Parkway
Burr Ridge, IL 60527
work: 630-986-7123 / cell: 312-961-3563

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