White Oak Commercial Finance Delivers $50 Million ABL to Electronic Media & Promotion Company
NEW YORK–(Organization WIRE)–Jan 19, 2021–
White Oak Industrial Finance, LLC (“White Oak”), an affiliate of White Oak Worldwide Advisors, LLC, declared it supplied a $50 million asset-primarily based credit score facility to a main, U.S.-based mostly digital media & advertising company to assistance its continuing expansion.
The transaction was structured in opposition to the company’s accounts receivable, and the proceeds will be made use of to finance its expansion and capex spending whilst strengthening its liquidity and working funds situation.
White Oak’s Handling Director, David Montiel said, “The enterprise was seeking for a lengthy-time period financing associate with flexible and scalable funding to capitalize on its prospects relevant to the upsurge in electronic media intake. It was White Oak’s fingers-on technique, certainty to close, and timely execution that helped make certain the results of this transaction.”
White Oak is committed to assisting businesses at each and every enterprise stage make the most of their belongings with its deep suite of merchandise, sector expertise, and all set money wanted to devote in expansion.
ABOUT WHITE OAK Industrial FINANCE, LLC
White Oak Business Finance, LLC (WOCF) is a world economical solutions and providers business giving credit facilities to corporations throughout the economy. WOCF’s options consist of asset-dependent lending, entire-provider factoring, loan provider financing, bill discounting, government contract financing, offer chain financing, inventory financing, US import/export funding, trade credit score danger administration, account receivables administration and credit and collections support. The company has places of work and personnel in the course of the US, Uk, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Worldwide Advisors, LLC and its institutional shoppers. Extra information can be identified at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak World Advisors, LLC is a primary global alternative asset supervisor specializing in originating and offering funding answers to facilitate the expansion, refinancing and recapitalization of smaller and medium enterprises. Since its inception in 2007, White Oak Worldwide Advisors’ disciplined financial commitment approach focuses on providing threat-modified financial commitment returns and establishing lengthy phrase partnerships with our borrowers. For more facts, go to www.whiteoaksf.com.
Watch resource edition on businesswire.com:https://www.businesswire.com/news/house/20210119005029/en/
Get hold of: Jonathan Setiabrata
Investor Relations
Search term: NEW YORK UNITED STATES NORTH The usa
Industry Key word: Professional Products and services Advertising and marketing Advertising and marketing COMMUNICATIONS SOCIAL MEDIA FINANCE BANKING
Supply: White Oak Industrial Finance, LLC
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PUB: 01/19/2021 08:00 AM/DISC: 01/19/2021 08:03 AM
http://www.businesswire.com/news/house/20210119005029/en
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