White Oak Commercial Finance, an affiliate of White Oak Global Advisors, closed a $25 million senior secured facility for a cold weather apparel supplier engaged in the production and distribution of snow pants, jackets, base layers and accessories.
“Our in-depth understanding of the apparel space, combined with our ability to deliver flexible solutions, provided an ideal fit to support the continued growth of this seasonal business,” Ethan Rosenblum, senior vice president of originations at White Oak Commercial Finance, said. “We are pleased to help the company continue to serve the traditional snow and outerwear segment of the market.”
“This strategic partnership underscores WOCF’s ability to develop tailored ABL solutions to support the success and operations of middle-market businesses,” Tom Otte, CEO of White Oak Commercial Finance, said.
In 2023, White Oak Commercial Finance and other White Oak affiliates funded more than $600 million in asset-based loans to companies ranging from textile manufacturers to telecommunications providers.
