Articles from White Oak Commercial Finance, LLC

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has agented a $550 million asset-based revolving credit facility to Wilbur-Ellis Holdings II, LLC, (the “Company”) a leading privately-held family-owned company with a portfolio of businesses focused on retail, wholesale, and distribution into the North American agriculture supply chain.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced the hiring of Brendan Harrison as Managing Director, Originations. Harrison will leverage his deep experience in asset-based lending (ABL) origination to further bolster WOCF’s leading middle market ABL platform.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced it has provided a $125 million asset-based revolving credit facility to a US-based energy services company (the “Company”).

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), today announced it has provided a $90M senior secured revolving ABL facility to a leading steel production company and service center. The company and its subsidiaries provide an extensive supply of flat-rolled coil products to the automotive, construction, oil & gas, and agriculture industries.

White Oak Commercial Finance (“WOCF”) and White Oak Europe (“WOE”), affiliates of White Oak Global Advisors (“White Oak”), today announced the closing of a new multicurrency credit facility of up to $125 million USD from Wells Fargo. The new facility will allow WOCF and WOE to finance UK-and Irish-based sponsored and non-sponsored borrowers as well as UK and Irish affiliates of US borrowers. WOCF and WOE will both originate new ABL transactions that can be funded under this facility. WOCF will service this facility from the United States.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has provided a $60M revolving credit facility to a leading utility construction and infrastructure company in the United States. The company and its operating entities specialize in building, upgrading, and maintaining next-generation infrastructure networks for utility and communication partners nationwide.

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, closed a new $120 million 3-year Senior Secured Credit Facility with Sauder Woodworking, a Midwest-based manufacturer and distributor of ready-to-assemble furniture and custom manufacturing furniture solutions with operations throughout the United States and Canada, acting as Sole Arranger and Bookrunner.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the hiring of two new executives: Matthew DeBernardo as Managing Director of Originations, and Blake Voyles as Head of Lower Middle Market Underwriting. The hires further enhance WOCF’s ABL offerings and capabilities in underwriting and deploying flexible capital solutions for middle market firms.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced the upsizing of a $10 million factoring facility to a leading worker management software company by an additional $15 million. The now $25 million factoring facility will serve as working capital to support the company’s growth in the artificial intelligence space.

White Oak Commercial Finance, LLC (“WOCF”) has closed a new $1.1 billion credit facility agented by Wells Fargo Bank, N.A., and including 11 other banks, increasing the capital that can be invested in asset-based lending (ABL). Additionally, WOCF and White Oak ABL, LLC announced a merger of the two entities into WOCF, which will now be an integrated ABL platform structured to optimally serve this rapidly growing market. WOCF will also be able to leverage White Oak Global Advisors and its financing affiliates’ comprehensive capabilities to support middle market companies with full capital structure solutions.

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced that it has provided a $10M senior factoring facility to a leading worker management software company. The facility will be used for working capital to help the company expand on the heels of its own successful equity raise.

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.

White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, announced today that Christopher Gouskos will join the ABL team at White Oak Commercial Finance as a Managing Director, Originations, departing from his previous similar role as Managing Director, Originations at White Oak Global Advisors (“White Oak”), which he has held since 2015.

White Oak ABL, LLC, White Oak Commercial Finance, LLC, and other affiliates of White Oak Global Advisors, LLC, (collectively, “White Oak”) have closed a new $287.5 million 3-year Senior Secured Credit Facility with Majestic Steel USA Inc., a Midwest based distributor and value-added service provider of flat-rolled steel products with operations throughout the United States (“Majestic Steel” and “the Company”), acting as Sole Arranger and Bookrunner.

White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, LLC, today announced that it has provided a $3 million factoring facility to a leading provider of temporary staffing and recruiting services with a more than 70 year history of family ownership successfully serving clients across the country.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it has provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States (“Company”). Additionally, Tiger Finance, LLC, a subsidiary of Tiger Capital Group, LLC, provided a $10 million term loan to the Company. The proceeds were used to support the Company’s working capital growth, and to finance its acquisition by TerraMar Capital LLC (“TerraMar”), a Los Angeles-based investment platform providing debt and equity capital to middle-market businesses. The financing provided availability against the Company’s accounts receivable, inventory and equipment.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $7 million senior secured credit facility to a NY-based converter and distributor of flexible film packaging products for the medical, cosmetic, and food industries.

White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to announce it has promoted five account executives dedicated to serving its national client base across a range of industries in its New York and Los Angeles offices.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $7 million factoring facility to a technology-focused staffing firm specialized in automating and streamlining temporary staffing services to warehouse and distribution centers throughout the United States.

White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Mark Allen Smith as Managing Director of Originations with responsibilities spanning the Midwest, Central United States and Canada. He will be based in Chicago reporting to Vice Chairman Andy McGhee.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $3 million non-recourse advance factoring facility to a family-owned apparel manufacturer focused on delivering high quality and affordable clothing for women.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $17 million ABL credit facility to one of the nation’s largest manufacturers of baked desserts.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industry’s increased investment in ecommerce.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of sustainable, premium apparel products to the United States.

White Oak Commercial Finance ("White Oak"), an affiliate of White Oak Global Advisors, is pleased to welcome Mike Earnhart as Senior Vice President, Managing Director of Originations. Mr. Earnhart will be based in Los Angeles with national coverage responsibilities.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $10 million non-recourse factoring facility to a manufacturer and importer of private label apparel products.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $50 million asset-based revolving credit facility to a leading, athletic footwear and apparel retailer based in the U.S.

White Oak Commercial Finance ("White Oak") closed a working capital credit facility with Mana Products Inc. ("Mana"), a developer and manufacturer of high-end beauty products based in New York, at the end of the first quarter.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $4.5 million asset-based lending facility to a mechanical products distributor that sells to Fortune 500-listed companies.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.