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.
“The borrower’s business is complex and operates in a constantly evolving global industry,” Chris Gouskos, managing director at White Oak, said. “Understanding the various risks and opportunities of this nuanced corner of the commodities industry is a testament to our tenacity, underwriting capability and ability to deliver in a customer-centric and thoughtful manner.”
