White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, provided a $60 million revolving credit facility to a utility construction and infrastructure company in the United States. The company and its operating entities specialize in building, upgrading and maintaining next-generation infrastructure networks for utility and communication partners nationwide.
“We are thrilled to partner with this leading construction company as they continue their growth,” Tom Otte, CEO of White Oak Commercial Finance, said. “There’s heightened focus on developing a utility and infrastructure network that can support modern tech demands and withstand natural disasters. WOCF is well-equipped to provide financing solutions that meet the unique needs of operators working to strengthen and modernize our grid.”
The revolving credit facility will be held by WOCF with participation from White Oak Europe ABL. The deal illustrates White Oak’s capabilities in providing bespoke ABL solutions to non-sponsored borrowers in the construction, infrastructure and manufacturing sectors.
