Daily News: February 5, 2014

White Oak Agents $25MM Term Loan for Tech Developer

White Oak Global Advisors announced the funding of a $25 million senior secured term loan to a technology developer and manufacturer of advanced transmission systems. The financing was used to refinance existing debt, support the growth of a core business unit and expand the company’s European sales force.

The privately-held company is headquartered in the United States with manufacturing and sales operations in China and Europe. Its transmission systems are used for a wide range of applications including electric vehicles, automobiles, agricultural equipment and wind turbines. The company owns a portfolio of thousands of patents and patent applications.

White Oak was the administrative agent and sole lender for this transaction.

White Oak Global Advisors is an investment adviser that directly originates private debt financings to middle-market companies to support growth initiatives.