Daily News: December 23, 2014

White Oak Advisors Closes $215.4MM in Senior Financings


White Oak Global Advisors announced it recently closed the following senior financings:

  • A $75 million ABL to a leading mobile products distributor in the worldwide open market with a customer base of more than 5,000 operators, dealers, manufacturers, and distributors. The proceeds of the financing were used for working capital as well as to refinance existing indebtedness. White Oak served as administrative agent, collateral agent and sole lender for the transaction.
  • A $46.6 million senior secured term loan to a multi-regional provider of outsourced long-haul waste transportation services in the U.S. The company transports a variety of waste from transfer stations to landfills and other disposal facilities. The proceeds of the financing were used for growth and expansion as well as to refinance existing indebtedness. White Oak served as administrative agent and sole lender for the transaction.
  • An $82 million senior secured term loan to a global provider of subsea construction services and support for the offshore oil and gas industry. Along with a meaningful investment from the company’s financial sponsor, the financing was used to acquire a major competitor in the space as well as for general corporate purposes. White Oak served as administrative agent and sole lender for the transaction.

  • A $25 million senior secured term loan ($12.0 million funded at closing) to one of the leading film financing, sales and distribution companies in the world. The company is a premier international sales franchise for the independent film marketplace, managing a broad array of theatrical product. The proceeds of the financing were used to fund growth and for general corporate purposes. White Oak served as administrative agent and sole lender for the transaction.