White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors (White Oak), today announced it has provided a $90 million senior secured revolving ABL facility to a leading steel production company and service center. The company and its subsidiaries provide an extensive supply of flat-rolled coil products to the automotive, construction, oil & gas, and agriculture industries.
“Steel and metal production is the backbone of a healthy industrial sector. We’re excited to partner with this manufacturer to support their next phase of growth,” said Tom Otte, CEO of White Oak Commercial Finance. “WOCF offers a one-stop-shop for middle market firms looking for a flexible capital partner that can support investment and expansion.”
“These are the types of deals that White Oak Global Advisors loves to do – entrepreneur-owned, non-sponsored investments with a cross-border component. We are well experienced in these types of transactions and equipped to close quickly,” Kevin Berry, Director of White Oak Global Advisors added.
This deal reflects WOCF’s continued momentum providing financing solutions to middle-market companies across manufacturing and industrials. In February, the firm announced a $60MM revolving credit facility with a leading construction and infrastructure company.
