A $25.5 million senior secured term loan to a performance-based digital marketing company that operates a private online exchange for connecting advertisers with publishers. Proceeds were used to help facilitate the buyout of certain minority partners and to pay for certain fees associated with the transaction. White Oak served as Administrative Agent and Sole Lender for this transaction.
A $20.0 million senior secured term loan to a leading underground utility contractor specializing in the construction of underground water, sewer, and storm sewer pipelines for residential, commercial, and district projects. Proceeds were used to help facilitate a financial sponsor’s buyout of the Company as well as to pay for certain fees associated with the transaction. White Oak served as Administrative Agent and Sole Lender for this transaction.
A $60.1 million diversified portfolio of equipment leases from one of North America’s largest independent equipment finance companies. White Oak served as Lender for this transaction.
A $23.0 million senior secured term loan and revolving credit facility to a hybrid scale-out storage device company that utilizes a proprietary parallel file system that allows for scale out, rather than performance reducing scale up, storage expansion. Proceeds were used for working capital purposes, to refinance existing indebtedness, and to pay for certain expenses. White Oak served as Administrative Agent and Sole Lender for this transaction.
A $10.0 million senior secured equipment backed credit facility with a heavy civil construction company that specializes in the building and reconstruction of transportation and water infrastructure. The Company’s projects include highways, roads, bridges, light rail, water, and wastewater. Proceeds were used for working capital to refinance existing indebtedness.
A $17.0 million senior secured term loan to a heavy earthmoving equipment company with east coast and west coast presence. The Company provides both rental and sales of equipment to the infrastructure, mining, coal, and energy markets and has an established reputation among its customers. Proceeds were used to refinance various equipment and working capital loans. White Oak served as Co-Lender for this transaction.
About White Oak
White Oak Global Advisors 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, 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. With $1.7 billion of invested and committed capital*, White Oak has made over 80 direct debt investments in companies with enterprise values between $50 million and $1 billion. Headquartered in San Francisco with offices in New York, Dallas and Denver.
*The Firm’s AUM is estimated as of 3/31/2015, and includes the regulatory Assets Under Management in addition to the uncalled capital commitments of the separate accounts managed by the Firm.
Partner & Head of Originations