Daily News: November 20, 2014

White Oak Provides Drilling Company Term Loan

White Oak Global Advisors provided a $29 million senior secured term loan to a leading drilling company operating in the Western U.S. White Oak served as sole lender for the transaction.

Proceeds will be used to refinance existing indebtedness under more flexible repayment terms, enabling the company to capitalize on growth opportunities in an expanding market.

The company serves the environmental, mining, water supply and energy industries. Its work creates potential growth opportunities and develops cross-utilization of services in multiple markets with differing economic and regulatory drivers. The company’s clients include some of the largest global natural resources and energy businesses which operate in the U.S.