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White Oak Completes Four Recent Transactions Totaling $94.6MM

October 21, 2015, 08:02 AM

White Oak Global Advisors has recently provided financing support to four transactions:

  • An $11.0 million senior secured term loan to a hydraulic manufacturer of metals parts and components. The company has expertise in machining and uses innovative technology to produce high quality parts. Proceeds were used to refinance automated machinery loans, fund the buyout of equipment under operating leases and support working capital needs. White Oak served as administrative agent and sole lender for this transaction.
  • An $8.5 million delayed draw term loan (under an existing senior secured facility) to a specialty retailer of wireless voice and data communication services in the Midwest and Southern regions. Proceeds were used to further facilitate the acquisition of a competitor to expand the company’s market reach. White Oak served as a co-lender.
  • A $45.0 million senior secured term loan to an online fashion retailer that operates across North America and Europe. The company offers personalized shopping experiences to its members.  Proceeds were used to refinance existing indebtedness, provide liquidity and pay for various fees associated with the transaction. White Oak served as administrative agent and sole lender for this transaction.
  • A $30.1 million diversified portfolio of equipment leases from one of North America’s leading independent equipment finance companies. The financing was secured by equipment and lease income stream. White Oak served as administrative agent and sole lender for this transaction.

White Oak Global Advisors, LLC is a SEC-registered investment adviser that directly originates private debt financings to middle-market companies to support their growth initiatives. White Oak’s product suite includes asset-based loans, cash flow based term loans, equipment financings, one-stop financings, unitranche facilities, rescue and debtor-in-possession (DIP) financings, in/out of court restructurings, acquisition and capital expenditure facilities and other structured finance instruments. With $2.2 billion of invested and committed capital, White Oak has made over 85 direct debt investments in companies with enterprise values between $50 million and $1 billion across a diverse range of industries and sectors. Headquartered in San Francisco, with additional offices in New York, Denver and Atlanta.

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