White Oak Commercial Finance provided a $7 million senior secured credit facility to a NY-based converter and distributor of flexible film packaging products for the medical, cosmetic, and food industries.
The transaction was structured against the company’s accounts receivable and inventory, and the proceeds will be used to support its continuing growth.
“Our consultative, hands-on approach allowed us to quickly understand the company’s business model and inventory composition, and we delivered a timely and scalable solution to support its upward momentum,” said White Oak Executive Vice President and Managing Director Martin Efron.