White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $25 million ABL facility to Saadia Group for the acquisition of two women’s apparel brands from e-commerce retailer RTW Retailwinds, which is undergoing bankruptcy proceedings.
White Oak Global Advisors funded over $2.5 billion in loans in 2018, while its affiliate, White Oak Healthcare Finance, closed on $1.4 billion in loans with more than 19 clients over the same time period.
White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $161 million senior credit facility for Allegiant Healthcare and Hillstone Healthcare.
White Oak Healthcare Finance acted as sole lead arranger and administrative agent on the upsizing of the senior credit facility to University Health System, a division of Biomedical Research Foundation of Northwest Louisiana.
A. E. Wease Distributors, a 90-year old family-run business, spent five years as the borrower of a large Midwest-based bank. But the bank got cold feet about lending to Wease after a major customer was acquired and no longer needed a distributor. ABF Journal editor Nadine Bonner spoke with Wease’s Charles Tandy and Pete McCaffrey, who explained the process that brought them into a successful relationship with their new lender, White Oak Commercial Finance.
David Mitchell joined White Oak Business Capital as senior vice president and senior business development officer. Mitchell will be responsible for expanding business in the Southeast and Mid-Atlantic markets.
Low interest rates and high levels of regulation are preventing the UK’s traditional banks from lending to small businesses. Andre Hakkak and Thomas Otte suggest this situation provides opportunities for alternative lenders to step in.
Bowie Resources completed a $62 million debt financing with White Oak Global Advisors. The proceeds of the new facility were used to retire the senior secured debt provided to Bowie by Mercuria Energy Trading in 2011.