FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


White Oak Supports Drilling Company With $29MM Term Loan

November 20, 2014, 07:53 AM
Filed Under: Specialty Industries

White Oak Global Advisors, LLC has provided a $29.0 million senior secured term loan to a leading drilling company operating in the Western United States. The company serves the environmental, mining, water supply and energy industries. Their work creates potential growth opportunities and develops cross-utilization of services in multiple markets with differing economic and regulatory drivers. The Company's clients include some of the largest global natural resources and energy businesses which operate in the United States.

The proceeds of the financing will be used to refinance existing indebtedness under more flexible repayment terms. This will allow the Company to capitalize on growth opportunities in an expanding market. White Oak served as Sole Senior Term Lender for this transaction.
White Oak Global Advisors, LLC, is an SEC-registered investment adviser that directly originates private debt financings to middle- market companies to support growth initiatives. White Oak's product suite includes asset-based secured term loans and credit facilities, cash flow based term loans, unitranche facilities, rescue and debtor-in-possession (DIP) financings, in/out of court restructurings, acquisition and capital expenditure facilities and other structured finance instruments. With over $1.3 billion of invested and committed capital, White Oak has made 75 direct debt investments in companies with enterprise values between $50MM and $1BN across a diverse range of industries and sectors. Headquartered in San Francisco, White Oak has additional offices in New York City, Dallas and Denver.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.