White Oak Commercial Finance Delivers $50 Million ABL to Digital Media & Promoting Company

NEW YORK–(Enterprise WIRE)–Jan 19, 2021–

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Worldwide Advisors, LLC, introduced it furnished a $50 million asset-primarily based credit rating facility to a leading, U.S.-based digital media & advertising enterprise to assist its continuing development.

The transaction was structured towards the company’s accounts receivable, and the proceeds will be made use of to finance its growth and capex paying though improving upon its liquidity and functioning cash posture.

White Oak’s Taking care of Director, David Montiel stated, “The enterprise was on the lookout for a very long-term financing associate with adaptable and scalable funding to capitalize on its opportunities related to the upsurge in electronic media use. It was White Oak’s hands-on tactic, certainty to near, and timely execution that aided make sure the success of this transaction.”

White Oak is committed to assisting companies at just about every enterprise stage make the most of their property with its deep suite of products, marketplace expertise, and prepared capital desired to invest in progress.

ABOUT WHITE OAK Commercial FINANCE, LLC
White Oak Commercial Finance, LLC (WOCF) is a worldwide monetary items and expert services business supplying credit rating facilities to providers across the financial system. WOCF’s remedies include things like asset-based lending, full-provider factoring, loan company funding, invoice discounting, authorities deal funding, offer chain funding, inventory funding, US import/export financing, trade credit score possibility administration, account receivables management and credit score and collections assist. The business has offices and staff throughout the US, Uk, and Australia, which includes San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional customers. Additional information and facts can be observed at www.whiteoaksf.com/commercialfinance.

About White Oak Worldwide Advisors
White Oak World Advisors, LLC is a major worldwide choice asset manager specializing in originating and providing financing methods to aid the development, refinancing and recapitalization of modest and medium enterprises. Considering that its inception in 2007, White Oak World Advisors’ disciplined expense procedure focuses on delivering possibility-altered financial commitment returns and developing very long time period partnerships with our debtors. For additional information, go to www.whiteoaksf.com.

Check out resource variation on businesswire.com:https://www.businesswire.com/news/household/20210119005029/en/

Get in touch with: Jonathan Setiabrata

Trader Relations

[email protected]

Search term: NEW YORK UNITED STATES NORTH The usa

Field Keyword: Skilled Companies Advertising Marketing COMMUNICATIONS SOCIAL MEDIA FINANCE BANKING

Resource: White Oak Industrial Finance, LLC

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PUB: 01/19/2021 08:00 AM/DISC: 01/19/2021 08:03 AM

http://www.businesswire.com/information/residence/20210119005029/en

Rachel C. Carpenter

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