White Oak Commercial Finance funds US$125m ABL facility

White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, announced it has provided a US$125m asset-based revolving credit facility to a US-based energy services company (the Company).

WOCF acted as the sole lender in the transaction, committing the full US$125m. The new facility aims to enhance the Company’s financial flexibility and liquidity.

“The energy sector is essential to our country’s economic growth and security, as the backbone of our domestic production capacity. This is especially true amid the AI boom, which is skyrocketing energy demand,” said Tom Otte, CEO of WOCF. “WOCF is well-positioned to support the Company’s growth with tailored capital solutions so they can further invest and expand.”

This transaction is the latest in WOCF’s strategic deployment of flexible ABL solutions within the energy and manufacturing sectors. WOCF recently announced a US$60m revolving credit facility with a leading construction and infrastructure company.

About White Oak Commercial Finance
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (White Oak) and provides financial solutions including asset-based lending, full service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services. The firm has offices and personnel throughout the US and Australia. White Oak Global Advisors, LLC and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, White Oak and its affiliates have deployed over US$11bn.

Source: Business Wire