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White Oak Signs $15MM Term Loan to Wireless Technology Provider

July 16, 2014, 07:31 AM
Filed Under: Technology

White Oak Global Advisors, LLC has provided a $15 million senior secured term loan to a provider of thin infrastructure, bi-directional, ultra-low power wireless price tags for retailers.

Located in the western United States, the company's products include wireless signs, shelf tags and sensors which drive top-line growth and bottom-line savings. The technology enables dynamic pricing and promotions, interactive mobile customer communications, temperature and out-of-stock sensor monitoring and reduces theft and price-related errors.

The financing will be used to refinance existing debt and for working capital needs for additional store roll-outs. White Oak served as the administrative agent and sole lender for this transaction.

White Oak Global Advisors, LLC, is an SEC-registered investment adviser that directly originates private debt financings to middle-market companies to support growth initiatives. White Oak's product suite includes asset-based secured term loans and credit facilities, cash flow based term loans, unitranche facilities, rescue and debtor-in-possession (DIP) financings, in/out of court restructurings, acquisition and capital expenditure facilities and other structured finance instruments.

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