White Oak Leads $99.5 Million Asset Based Credit Facility in Partnership with Gordon Brothers
Date october 15, 2020
White Oak ABL (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it funded and arranged a $99.5 million senior secured credit facility to an international infant and toddler toy and product manufacturer to finance the company’s growth and ongoing working capital.
The senior secured credit facility consists of an $80 million working capital facility secured by receivables and inventories in the US, UK, Netherlands, and Hong Kong and a $19.5 million IP term loan. White Oak is the agent for the working capital facility and Gordon Brothers is the agent for the IP term loan with White Oak as a co-lender.
White Oak has ABL professionals located across the United States, UK, and Sydney, and provides working capital solutions ranging from $10 - $250 million to a wide array of companies by utilizing its product depth, industry breadth, and strategic third-party lending partnerships.
Gordon Brothers Brands division values, invests, acquires and restructures globally in underleveraged, distressed, or dormant intellectual property to help revive and reimagine some of the world’s most iconic brands.
ABOUT WHITE OAK ABL
White Oak ABL is a global financial products and services company providing credit facilities including asset-based lending, supply chain financing, inventory financing, and US import/export financing. The firm has offices and personnel throughout the US, UK, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London and Sydney. White Oak ABL is an affiliate of White Oak Global Advisors, LLC and its institutional clients. For more information, visit www.whiteoaksf.com/commercialfinance
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.