NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance, LLC (“White Oak” or "the firm"), an affiliate of White Oak Global Advisors, today announced it funded over $600MM in credit facilities in 2019 and over $300MM year-to-date to diversified enterprises in North America, the UK, Europe, and Australia.
White Oak has actively bolstered its US and international teams and credit offerings to service deals of increasing size and sophistication over the past year. It deployed landmark asset-based credit facilities across industries and regions in the US, including a third-party logistics provider in Texas, a New-Jersey based jewelry company, and a petroleum distribution company in California.
Globally, the firm provided a stretch-FILO credit facility to a UK-based steel production & distribution company, a stretch-ABL term loan to an Australian iron ore mining firm, and invoice discounting financing to an automotive manufacturer in Mexico.
This year, White Oak has further expanded its global portfolio by funding two receivables purchase facilities in Europe and the UK totaling $175MM, as well as, $50MM in acquisition financing and inventory purchase facilities to companies in the UK, France, and Australia.
“Collectively, these deals demonstrate White Oak’s breadth of expertise across industries, and ability to nurture long-term engagements with a growing suite of financing solutions,” says Andy McGhee, Vice Chairman of White Oak Commercial Finance. “The firm’s deep client and partner relationships allowed us to successfully fund companies in a variety of markets and business cycles.”
“Our results validate our ability to serve clients with ready liquidity and complex financing solutions to meet their working capital and growth objectives,” said Robert Grbic, President and CEO of White Oak Commercial Finance.
“As an affiliate of White Oak Global Advisors, we are able to effectively combine our capabilities and are confident that we will further increase our global presence and meet our clients’ diverse and growing needs in the second half of the year,” said Tom Otte, Chairman of White Oak Commercial Finance.
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to companies of varying size and complexity. WOCF’s solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC, and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.