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White Oak CF Provides $50MM ABL Facility to Digital Media & Advertising Company

Date: Jan 20, 2021 @ 08:00 AM
Filed Under: Media

White Oak Commercial Finance announced it provided a $50 million asset-based credit facility to a leading, U.S-based digital media & advertising company to support its continuing growth.

The transaction was structured against the company’s accounts receivable, and the proceeds will be used to finance its growth and capex spending while improving its liquidity and working capital position.

White Oak’s Managing Director, David Montiel stated, “The company was looking for a long-term financing partner with flexible and scalable funding to capitalize on its opportunities related to the upsurge in digital media consumption. It was White Oak’s hands-on approach, certainty to close, and timely execution that helped ensure the success of this transaction.”

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