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White Oak Commercial Finance Provides $17MM ABL Facility to Desserts Manufacturer

September 14, 2021, 07:43 AM

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

The transaction was structured against the company’s working capital and fixed assets and the proceeds will be used to refinance existing debt, recapitalize the business, and provide working capital to support its continued growth.

“White Oak was able to deliver a timely and flexible solution to help an iconic, family-owned business meet its financing objectives,” said White Oak Managing Director, Garrick Tan. “We are excited to partner with this highly esteemed company and its management team and look forward to supporting the business as it continues to deliver quality products to its customers.”
White Oak is dedicated to helping food & beverage companies at every business stage make the most of their assets with its comprehensive suite of products, hands-on consulting, and ready capital up to $250 million.

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