White Oak Commercial Finance Provides $60M Revolving Credit Facility to Leading Utility Construction Company
NEW YORK–(BUSINESS WIRE)–White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has provided a $60M revolving credit facility to a leading utility construction and infrastructure company in the United States. The company and its operating entities specialize in building, upgrading, and maintaining next-generation infrastructure networks for utility and communication partners nationwide.
“We are thrilled to partner with this leading construction company as they continue their growth,” said Tom Otte, CEO of White Oak Commercial Finance. “There’s heightened focus on developing a utility and infrastructure network that can support modern tech demands and withstand natural disasters. WOCF is well-equipped to provide financing solutions that meet the unique needs of operators working to strengthen and modernize our grid.”
The revolving credit facility will be held by WOCF with participation from White Oak Europe ABL. The deal illustrates White Oak’s capabilities in providing bespoke ABL solutions to non-sponsored borrowers in the construction, infrastructure, and manufacturing sectors.
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 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.
Contacts
Jake Forrestal
Prosek Partners (on behalf of White Oak Global Advisors)
