Finacity, a White Oak company, and Synovus Bank arranged and closed a $30 million receivables-based loan program for Novaria, a manufacturer of specialty aerospace hardware.
White Oak Global Advisors and its financing affiliates deployed $1.1 billion in capital in 2023, with White Oak Commercial Finance, the asset-based lending affiliate of White Oak Global Advisors, deploying more than $600 million in asset-based loans.
Finacity completed the facilitation of a new venture debt program for Immersive Group Gaming. The first tranche discounted future receivables for an amount of $12.0 million. Additional tranches are expected to follow.
White Oak Global Advisors provided a $51.5 million commitment to provide senior secured term debt financing to HRB Brands to effectuate its acquisition of a portfolio of personal care brands from Helen of Troy Limited.
Finacity and PNC Bank launched a trade receivables securitization for a U.S.-headquartered technology support company. The securitization program will allow the company up to $25 million in senior funding provided by PNC, while Finacity will provide up to $1.6 million in junior funding.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $50 million asset-based credit facility to a U.S.-based digital media and advertising company to support continuing growth.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $25 million ABL facility to Saadia Group for the acquisition of two women’s apparel brands from e-commerce retailer RTW Retailwinds, which is undergoing bankruptcy proceedings.
Tom Affolter has joined White Oak as a managing director based in Chicago.
White Oak Global Advisors funded over $2.5 billion in loans in 2018, while its affiliate, White Oak Healthcare Finance, closed on $1.4 billion in loans with more than 19 clients over the same time period.