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NEW YORK – (BUSINESS WIRE) – White Oak Commercial Finance, LLC (“White Oak”), a subsidiary of White Oak Global Advisors, LLC, announced that it has provided a revolving credit facility based on assets of $ 50 million. dollars to a US-based shoe and clothing retailer
The retailer recently activated a multi-brand consolidation led by a private equity firm, and the deal was structured with advances on the company’s inventory, accounts receivable and intellectual property. The proceeds will be used to refinance existing debt and provide ongoing working capital requirements.
“The company was looking for a single, seamless solution to allow it to focus on its operations and growth goals,” said Bill Kearney, Managing Director of White Oak. “It is White Oak’s retail expertise, scalable financing, and rapid execution that has helped the company meet its fundraising goals.
White Oak is dedicated to helping retail businesses every step of the way get the most from their assets through its comprehensive product line, practical advice and loan capital of up to $ 250 million.
About White Oak Commercial Finance, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to businesses across the economy. WOCF solutions include Asset Lending, Full Service Factoring, Lender Financing, Bill Discounting, Government Contract Financing, Supply Chain Financing, Inventory Financing, Financing import / export to the United States, trade credit risk management, accounts receivable management, and credit and collection support. The company has offices and staff in the United States, United Kingdom and Australia, including New York, San Francisco, Charlotte, Washington DC, Atlanta, Los Angeles, London, Glasgow and Sydney. WOCF is a subsidiary of White Oak Global Advisors, LLC and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in the creation and delivery of financing solutions to facilitate the growth, refinancing and recapitalization of small and medium businesses. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process has focused on generating risk-adjusted investment returns and building long-term partnerships with our borrowers. For more information visit www.whiteoaksf.com.
Source: White Oak Commercial Finance, LLC