White Oak Commercial Finance Provides $25 Million Senior Facility to Winter Apparel Company
NEW YORK--(BUSINESS WIRE)--White Oak Commercial Finance, LLC (“WOCF”), an affiliate of White Oak Global Advisors, LLC, (“White Oak”) has closed a $25 million Senior Secured Facility (“Facility”) to a leading cold weather apparel supplier, engaged in the production and distribution of snow pants, jackets, base layers, and accessories.
“Our in-depth understanding of the apparel space, combined with our ability to deliver flexible solutions, provided an ideal fit to support the continued growth of this seasonal business,” said Ethan Rosenblum, Senior Vice President of Originations at WOCF. “We are pleased to help the company continue to serve the traditional snow and outerwear segment of the market.”
“This strategic partnership underscores WOCF’s ability to develop tailored ABL solutions to support the success and operations of middle market businesses,” said Tom Otte, CEO of White Oak Commercial Finance.
In 2023, WOCF and other White Oak affiliates funded over $600 million in Asset Based Loans to companies ranging from textile manufacturers to telecommunications providers. The breadth of White Oak and its affiliates’ capabilities stems from its broad research and talent pool that identifies lending opportunities for exceptional companies. In a year partially defined by decreased access to liquidity and traditional lender retrenching, White Oak and its affiliates helped provide companies with working capital and flexible financing solutions.
ABOUT WHITE OAK COMMERCIAL FINANCE
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC (“WOGA”) 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, WOGA and its affiliates have deployed over $11 billion. More information can be found at www.whiteoaksf.com/commercialfinance.
Contacts
Eli Kapsack
Prosek Partners (on behalf of White Oak Global Advisors)
pro-whiteoak@prosek.com