White Oak, Cole Taylor Partner on Financing for Atlantic Press
Financial advisory firm White Oak Group said it presided over the consolidation of two operating facilities for commercial printing company Atlantic Press into one location and, with the successful implementation of this restructuring, advised in arranging a $11 million senior term loan and revolving credit facility with Cole Taylor Business Capital that refinanced an incumbent lender at par.
White Oak noted that Atlantic Press, faced with a challenging environment for free standing inserts characterized by decreased printing volumes and excess capacity, was unable to renew its senior facility with its incumbent senior lender.
Chicago, IL-based Atlantic Press provides high-speed four-color insert printing, creative, fulfillment and distribution services to retailers in grocery, hardware and furniture.
White Oak Group is a financial advisory firm serving middle-market companies and their owners, as well as financial and lending institutions throughout the U.S.