White Oak Commercial Finance’s government contracting finance division provided $4.5 million in factor and ABL-based credit facilities to three aerospace businesses providing specialized services to U.S. Defense agencies.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $10 million factoring-inventory finance facility to a consumer electronics wholesaler and distributor serving public and private retailers in the U.S. and international markets.
StoreBound, a client of White Oak Commercial Finance, recently signed an investment agreement with Groupe SEB, a multinational domestic equipment conglomerate, with the aim of reinforcing its presence in the U.S. housewares market.
Wes Reagan joined White Oak Commercial Finance’s lender finance team as managing director of underwriting. Reagan most recently served as manager of investments for Peachtree Investment Solutions and as SVP and regional credit officer for State Bank and Trust Company.
White Oak Commercial Finance’s government contracting finance group provided an additional $4 million in factor-based credit facility funding to a Washington D.C.-based, minority-owned telecommunication contracting firm.
White Oak Commercial Finance provided an $8 million credit facility to a global automotive supplier specializing in the designing, engineering and manufacturing of mechatronic systems and lightweight solutions.
White Oak Commercial Finance provided an $81 million asset-based credit facility to the Aspire 42 group of companies, which are majority owned by Moss Ridge, a Sydney, Australia-based family office that manages a portfolio of holdings across public and private markets.
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.