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White Oak Provides $17MM to Imaging Equipment Company

September 18, 2014, 12:04 AM
Filed Under: Specialty Industries

White Oak Global Advisors has provided a $17 million senior secured term loan to a value-added reseller, support and services company in the digital imaging equipment sector. Located in the Midwest and employing approximately 115 people, the company's product line includes digitally connected copiers, color copiers, printers, wide format copier/printers, and multifunctional systems. The company serves a diverse set of sectors including automotive, manufacturing, education, construction, civil engineering and architecture.

The proceeds of the financing will be used to acquire a similar business in a new geography to expand the company's footprint as well as to refinance existing indebtedness. White Oak served as 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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