White Oak Global Advisors, LLC, a global alternative asset manager focused on direct lending to middle market companies, announced that it has provided over $630 million in financing through the first half of 2017.
Andre Hakkak, Chief Executive Officer and Managing Partner of White Oak Global Advisors, commented: ”Our activity year to date truly speaks to the breadth and depth of our platform. We continue to develop innovative financing solutions for our borrowers, and look forward to a strong second half of the year.”
Key transactions include:
- A $60 million senior secured term loan and asset-based facility to a leading provider of technology and data analytics-driven supplier of medical products, equipment and services. The proceeds were used to refinance existing debt and provide growth capital.
- A $61.5 million borrowing-base senior secured term loan to an oil and gas corporation. The proceeds were used to refinance an existing debt facility and assist in the production of new wells.
- A $41.8 million senior secured term loan to a specialty lender to the retail agriculture sector. The proceeds were used as growth capital to expand the Company’s existing credit facility.
- A $188.7mm senior secured credit facility in which White Oak was Lead Arranger to a leading provider of outsourced IT and communications services, primarily in Europe. The proceeds were used to assist in the acquisition of the company by its sponsors. White Oak committed $78.9 million as part of the transaction.
- A $55 million senior secured asset-based loan to a land-based drilling equipment and services company. The proceeds were used to refinance existing debt facilities.