White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, provided a $65 million asset-based revolving credit facility to a vertically-integrated designer and manufacturer of plastic consumer products. The facility was provided in connection with a broader recapitalization, alongside a $150 million term loan from a leading private credit firm.
Proceeds of the facility, together with the term loan, were used to refinance the company’s existing asset-based revolver and certain finance lease obligations and support ongoing growth initiatives.
The company has experienced significant growth in recent years, driven by its strategic customer relationships and continued investment in manufacturing capacity. Its operating performance reflects increasing scale supported by high-volume production, long-term alignment with its customers and sustained demand within their product segment.
“This transaction represents an opportunity to support a scaled manufacturer with a differentiated operating model and strong end-market demand,” Tom Otte, chairman of WOCF, said. “The transaction highlights WOCF’s ability to structure flexible asset-based solutions around distinctive credit profiles.”
