White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, provided a combined $37 million in new financing commitments for two companies within the retail and energy industries: an omnichannel retailer of work-related clothing, merchandise and accessories, and an electric provider for commercial and industrial customers in the Northeast United States.
WOCF closed the $25 million ABL revolving credit facility for the omnichannel retailer, which will be primarily utilized to repay the company’s existing debt and to support the sponsor equity-financed acquisition of an L.A.-based regional shoe store chain specializing in work-related footwear, clothing and accessories. The financing provides the company with increased liquidity and flexibility to integrate and expand operations and strengthen its e-commerce and B2B channels.
WOCF also closed a $12 million factoring facility for a commercial and industrial electric provider serving customers across the Northeast. The facility will be used to support the company and its subsidiaries’ continued growth and working capital needs as it expands its retail customer base.
“These financings underscore White Oak’s ability to deliver tailored capital solutions across sectors and asset classes,” Matt DeBernardo, managing director at WOCF, said. “From supporting a retail platform’s expansion through acquisition to financing the growth of an energy services provider, our team remains focused on structuring creative and disciplined transactions that meet the unique needs of each client.”
