White Oak Commercial Finance Provides $65 Million ABL Revolving Credit Facility to Support the Recapitalization of a Leading Plastic Injection Molding Manufacturer
White Oak Commercial Finance Provides $65 Million ABL Revolving Credit Facility to Support the Recapitalization of a Leading Plastic Injection Molding Manufacturer
SAN FRANCISCO--(BUSINESS WIRE)--White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, today announced it has provided a $65 million asset-based revolving credit facility (the “Facility”) to a leading vertically-integrated designer and manufacturer of plastic consumer products (the “Company”). The Facility was provided in connection with a broader recapitalization, alongside a $150 million term loan from a leading private credit firm.
Proceeds of the Facility, together with the term loan, were used to refinance the Company’s existing asset-based revolver and certain finance lease obligations and support ongoing growth initiatives.
The Company has experienced significant growth in recent years, driven by its strategic customer relationships and continued investment in manufacturing capacity. Its operating performance reflects increasing scale supported by high-volume production, long-term alignment with its customers and sustained demand within their product segment.
“This transaction represents an opportunity to support a scaled manufacturer with a differentiated operating model and strong end-market demand,” said Tom Otte, Chairman of WOCF. “The transaction highlights WOCF’s ability to structure flexible asset-based solutions around distinctive credit profiles.”
About White Oak Commercial Finance
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC and provides financial solutions including asset-based lending, full-service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services. The firm has offices and personnel throughout the US, UK and Australia. White Oak Global Advisors, LLC and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, White Oak Global Advisors, LLC and its affiliates have deployed nearly $28 billion. More information can be found at www.whiteoaksf.com/commercialfinance.
Contacts
Jake Forrestal
Prosek Partners (on behalf of White Oak Global Advisors)
pro-whiteoak@prosek.com
