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White Oak Delivers $80MM Term Loan Financing to Metals Recycler

October 25, 2021, 08:07 AM
Filed Under: Recycling

White Oak Global Advisors provided a $80 million term loan supporting the refinancing of one of the largest non-ferrous and ferrous metals recyclers in the US. The structure, which also includes an $80 million asset-based credit facility, provides the company with a more efficient capital structure and increases its borrowing capacity as commodity prices increase.

“The borrower’s business is complex and operates in a constantly evolving global industry,” said White Oak Managing Director Chris Gouskos. “Understanding the various risks and opportunities of this nuanced corner of the commodities industry is a testament to our tenacity, underwriting capability and ability to deliver in a customer centric and thoughtful manner.”

The investment in the metal recycling sector is in line with White Oak’s dedication to support the growth of mission-driven businesses which support our ESG efforts. Metal recycling is an eco-friendly solution as compared to the primary production of metals and saves considerably on carbon emission and landfill usage.

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