White Oak Global Advisors, LLC, a leading provider of private debt financing to middle-market companies, announced the funding of a $34.0 million senior secured term loan to an energy services company.  The financing was used to support the company’s formation of a new subsidiary (“Newco”) for the purpose of acquiring a water facility in the Western United States, inclusive of water wells and associated water rights.

The water facility is the closest major water source for much of the energy development in the area, and Newco is expected to supply water to leading oil and gas companies for their hydraulic fracking operations in the region.

White Oak was the administrative agent and sole lender for this transaction.

White Oak Global Advisors, LLC, is an SEC-registered investment adviser that directly originates private debt financings to middle market companies to support growth initiatives. White Oak’s product suite includes asset-based secured term loans, cash flow based term loans, unitranche facilities, rescue and debtor-in-possession (DIP) financings, in/out of court restructurings, acquisition and capital expenditure facilities and other structured finance instruments. With over $1 billion of invested and committed capital,  White Oak has made over 60 direct debt investments in companies with enterprise values between $30MM and $500MM across a diverse range of industries and sectors. Headquartered in San Francisco, White Oak has additional offices in New York City and Dallas.