White Oak Global Advisors provided an $80 million term loan to support the refinancing of a non-ferrous and ferrous metals recycler in the U.S. The loan’s structure, which also includes an $80 million asset-based credit facility, increases the recycler’s borrowing capacity as commodity prices increase.
White Oak Global Advisors completed fundraising for White Oak Yield Spectrum Fund V and other associated vehicles with more than $1.3 billion of total committed capital. An additional commitment of up to $1 billion was received for investments in specialty finance with a focus on asset-based lending.
White Oak Global Advisors completed the acquisition of Finacity, a global provider of working capital and trade finance funding solutions to global businesses.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, added Brandon Hodges as managing director of originations. Hodges will be based in Los Angeles with national ABL and lender finance originations responsibilities and will report to vice chairman Andy McGhee.
Jon Patty joined White Oak Global Advisors as a managing director and partner based in the firm’s San Francisco office. Patty will lead White Oak’s environmental, social and governance and impact investing business.
White Oak Global Advisors provided a $45 million term loan to a global metals and commodity trading conglomerate, supporting its acquisition of a vertically integrated producer of alumina.
White Oak Global Advisors hired Eric Tanjeloff as managing principal to lead White Oak Real Estate Capital (WOREC), a newly formed affiliate focused on credit opportunities in commercial real estate.
White Oak Commercial Finance expanded its retail offering with the formation of its national retail finance group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $7.5 million accounts receivable facility to a Peruvian manufacturer and exporter of apparel products to the United States.
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.