White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, announced it has provided a $125 million asset-based revolving credit facility to a US-based energy services company (the “Company”).
WOCF acted as the sole lender in the transaction, committing the full $125 million. The new facility aims to enhance the Company’s financial flexibility and liquidity.
“The energy sector is essential to our country’s economic growth and security, as the backbone of our domestic production capacity. This is especially true amid the AI boom, which is skyrocketing energy demand,” said Tom Otte, CEO of WOCF. “WOCF is well-positioned to support the Company’s growth with tailored capital solutions so they can further invest and expand.”
This transaction is the latest in WOCF’s strategic deployment of flexible ABL solutions within the energy and manufacturing sectors. WOCF recently announced a $60M revolving credit facility with a leading construction and infrastructure company.
