White Oak Industrial Finance Provides $50 Million ABL to Digital Media & Marketing Business
NEW YORK–(Organization WIRE)–Jan 19, 2021–
White Oak Business Finance, LLC (“White Oak”), an affiliate of White Oak World Advisors, LLC, announced it delivered a $50 million asset-dependent credit rating facility to a foremost, U.S.-primarily based digital media & promotion enterprise to assistance its continuing growth.
The transaction was structured against the company’s accounts receivable, and the proceeds will be used to finance its growth and capex investing whilst improving upon its liquidity and operating capital position.
White Oak’s Managing Director, David Montiel said, “The organization was seeking for a very long-phrase financing associate with flexible and scalable funding to capitalize on its chances linked to the upsurge in digital media usage. It was White Oak’s hands-on solution, certainty to close, and well timed execution that helped make certain the results of this transaction.”
White Oak is dedicated to encouraging businesses at each and every company stage make the most of their assets with its deep suite of products and solutions, sector know-how, and prepared capital required to spend in progress.
ABOUT WHITE OAK Business FINANCE, LLC
White Oak Professional Finance, LLC (WOCF) is a world economic solutions and companies business giving credit score facilities to businesses across the financial state. WOCF’s solutions include things like asset-primarily based lending, complete-provider factoring, loan company funding, invoice discounting, govt contract funding, source chain funding, stock funding, US import/export financing, trade credit history threat management, account receivables administration and credit history and collections help. The firm has offices and staff all over the US, United kingdom, and Australia, including San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak World-wide Advisors, LLC and its institutional purchasers. Far more details can be discovered at www.whiteoaksf.com/commercialfinance.
About White Oak World wide Advisors
White Oak World wide Advisors, LLC is a major international choice asset manager specializing in originating and supplying financing remedies to facilitate the progress, refinancing and recapitalization of modest and medium enterprises. Since its inception in 2007, White Oak World-wide Advisors’ disciplined financial investment process focuses on providing danger-altered investment decision returns and setting up extensive expression partnerships with our debtors. For extra information, pay a visit to www.whiteoaksf.com.
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Get in touch with: Jonathan Setiabrata
Trader Relations
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Supply: White Oak Professional Finance, LLC
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PUB: 01/19/2021 08:00 AM/DISC: 01/19/2021 08:03 AM
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