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.
White Oak ABL and White Oak Commercial Finance, the asset-based lending affiliates of White Oak Global Advisors, provided a $40 million North America ABL credit facility to Invacare Holdings, a manufacturer and distributor of medical equipment used in non-acute care settings.
White Oak ABL, White Oak Commercial Finance and other affiliates of White Oak Global Advisors provided a $67 million asset-based lending credit facility to a manufacturer of healthcare and food safety products.
Orion Group closed a three-year, $103 million credit facility with White Oak ABL and White Oak Commercial Finance. Orion also entered into a $13 million sale-leaseback of concrete segment equipment with Gordon Brothers.
Kids2 renewed and expanded its partnership agreement with White Oak ABL and Gordon Brothers. The renewed agreement, which was made to a 2020 arranged senior secured credit facility, includes an increase to strategic capital available to the Kids2 business.
White Oak Commercial Finance funded more than $600 million in credit facilities in 2019 and more than $300 million year-to-date to diversified enterprises in North America, the UK, Europe and Australia.
Andy McGhee, Susan Hall and Neal Mulford joined White Oak Commercial Finance to further expand the firm’s asset-based lending and lender finance capabilities. The trio most recently originated, deployed and managed the ABL portfolio at AloStar Capital Finance.