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White Oak Leads $99.5MM ABL Credit Facility in Partnership with Gordon Brothers

October 15, 2020, 09:14 AM
Filed Under: Consumer Products

White Oak ABL, an affiliate of White Oak Global Advisors, LLC, announced it funded and arranged a $99.5 million senior secured credit facility to an international infant and toddler toy and product manufacturer to finance the company’s growth and ongoing working capital.

The senior secured credit facility consists of an $80 million working capital facility secured by receivables and inventories in the US, UK, Netherlands, and Hong Kong and a $19.5 million IP term loan. White Oak is the agent for the working capital facility and Gordon Brothers is the agent for the IP term loan with White Oak as a co-lender.

White Oak has ABL professionals located across the United States, UK, and Sydney, and provides working capital solutions ranging from $10 - $250 million to a wide array of companies by utilizing its product depth, industry breadth, and strategic third-party lending partnerships.

Gordon Brothers Brands division values, invests, acquires and restructures globally in underleveraged, distressed, or dormant intellectual property to help revive and reimagine some of the world’s most iconic brands.

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