Daily News: May 21, 2014

White Oak Provides Secured Term Loan to Hospital

White Oak Global Advisors, a provider of private debt financing to middle market companies, announced the closing of a $47.7 million senior secured term loan to a full-service, acute care facility located in the southwestern United States.

The loan proceeds were used to purchase advanced diagnostic and therapeutic equipment and support the continued growth of the hospital.

The 100-plus bed hospital includes an emergency department with 11 acute emergency examination rooms, five operating theaters, two cardiac catheterization rooms and two endoscopy rooms. The Hospital provides endoscopy, nuclear medicine and physical therapy services as well having as an onsite clinical laboratory and pharmacy.

White Oak served as administrative agent and sole equipment lender for this transaction.