White Oak Commercial Finance Provides $4 Million Factoring Facility to Buzzbox Premium Cocktails

NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, today announced it has provided a $4 million factoring facility to Buzzbox Premium Cocktails, Inc. (“Buzzbox” or “the Company”), a vertically-integrated manufacturer of premium, ready-to-drink (“RTD”) cocktails.

Headquartered in Indio, California, Buzzbox produces, packages and distributes its own branded cocktails while also serving private label and contract packaging customers, selling through multiple channels including major U.S. distributors and private label partnerships.

The facility will serve as working capital to scale up production, expand distribution with major U.S. distributors, and enter international markets, including Mexico and Europe.

“We’re excited to partner with Buzzbox to help them capitalize on strong market momentum and accelerate expansion in North America and beyond,” said Tom Otte, CEO at White Oak Commercial Finance. “WOCF’s flexible financing solutions are designed to meet the needs of high-growth companies like Buzzbox and support their long-term success.”

This transaction follows a recent $20 million ABL Revolver Facility to Lulu’s Fashion Lounge.

About White Oak Commercial Finance

White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (“White Oak”) 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 and its affiliates have deployed over $11 billion. More information can be found at www.whiteoaksf.com/commercialfinance.