White Oak ABL, White Oak Commercial Finance and other funds and accounts managed by White Oak Global Advisors closed a new $70 million commitment in a $225 million asset-based lending credit facility for a private equity owned home textile supplier that specializes in bedding and window coverings. The company will use the funds primarily to provide for working capital.
“We are pleased to have the opportunity to join this financing to support such a longstanding market leader in the bedding manufacturing space. This financing continues to build White Oak’s momentum and market leadership in asset-based lending,” Tom Otte, partner and head of asset-based lending and White Oak Europe at White Oak, said.
“This deal illustrates our experience and ability to partner with other leading financial institutions and private equity sponsors to support middle-market businesses and their continued growth and strategic acquisitions,” Kevin Cox, a managing director at White Oak Global Advisors, said.