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White Oak Commercial Finance Delivers $50M ABL to Athletic Footwear and Apparel Retailer

June 18, 2021, 08:03 AM
Filed Under: Retail

White Oak Commercial Finance provided a $50 million asset-based revolving credit facility to a leading, athletic footwear and apparel retailer based in the U.S.

The retailer recently activated a roll-up of several brands led by a private equity firm, and the transaction was structured with advances against the company’s inventory, accounts receivable, and intellectual property. The proceeds will be used to refinance existing debt and provide for ongoing working capital needs.

“The company was in search of a seamless, one-stop solution to allow them to focus on its operations and growth targets,” said White Oak Managing Director Bill Kearney. “It was White Oak’s retail industry expertise, scalable funding and timely execution that helped the business achieve its financing objectives.”

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