White Oak Commercial Finance Provides a Combined $37 Million Across Two New Financings
White Oak Commercial Finance, (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), today announced it has provided a combined $37 million in new financing commitments for two companies within the retail and energy industries: an omnichannel retailer of work-related clothing, merchandise and accessories, and a leading electric provider for commercial and industrial customers in the Northeast US.
WOCF closed the $25 million ABL revolving credit facility for the omnichannel retailer, which will be primarily utilized to repay the company’s existing debt and to support the sponsor equity-financed acquisition of an LA-based regional shoe store chain specializing in work-related footwear, clothing and accessories. The financing provides the company with increased liquidity and flexibility to integrate and expand operations and strengthen its e-commerce and B2B channels.
WOCF also closed a $12 million factoring facility for a commercial and industrial electric provider serving customers across the Northeast. The facility will be used to support the company and its subsidiaries’ continued growth and working capital needs as it expands its retail customer base.
“These financings underscore White Oak’s ability to deliver tailored capital solutions across sectors and asset classes,” said Matt DeBernardo, Managing Director at White Oak Commercial Finance. “From supporting a retail platform’s expansion through acquisition to financing the growth of an energy services provider, our team remains focused on structuring creative and disciplined transactions that meet the unique needs of each client.”
These transactions follow a recent $4 million Factoring Facility to Buzzbox Premium Cocktails, and a $20 Million ABL Revolver Facility to Lulu’s Fashion Lounge.
About White Oak Commercial Finance
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (“White Oak”) and provides financial solutions including asset-based lending, full service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services. The firm has offices and personnel throughout the US, UK and Australia. White Oak Global Advisors, LLC and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, White Oak and its affiliates have deployed over $11 billion. More information can be found at www.whiteoaksf.com/commercialfinance.
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