White Oak provides $65m ABL facility to support manufacturer recapitalisation

White Oak Commercial Finance has provided a $65 million asset-based revolving credit facility to support the recapitalisation of a U.S.-based plastic manufacturer.

The facility was delivered alongside a $150 million term loan from a private credit firm, forming part of a broader refinancing package to strengthen the company’s balance sheet and support growth.

Proceeds were used to refinance an existing ABL facility and finance lease obligations, while providing additional liquidity for ongoing operations.

“This transaction highlights our ability to structure flexible asset-based solutions,” said Chairman Tom Otte.

The deal underscores the continued role of asset-based lending and private credit in supporting mid-market companies as traditional bank lending remains constrained.