NEW YORK–(Small business WIRE)–Jan 19, 2021–
White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, declared it offered a $50 million asset-primarily based credit facility to a top, U.S.-centered electronic media & promoting business to guidance its continuing advancement.
The transaction was structured in opposition to the company’s accounts receivable, and the proceeds will be employed to finance its advancement and capex investing whilst improving its liquidity and working cash position.
White Oak’s Handling Director, David Montiel stated, “The company was searching for a long-time period funding associate with adaptable and scalable funding to capitalize on its opportunities associated to the upsurge in digital media intake. It was White Oak’s palms-on approach, certainty to close, and well timed execution that aided be certain the success of this transaction.”
White Oak is devoted to assisting organizations at each individual business stage make the most of their assets with its deep suite of goods, field know-how, and completely ready money needed to spend in expansion.
ABOUT WHITE OAK Commercial FINANCE, LLC
White Oak Professional Finance, LLC (WOCF) is a global economic products and solutions and solutions corporation furnishing credit history services to companies throughout the financial system. WOCF’s answers incorporate asset-dependent lending, complete-assistance factoring, loan provider financing, bill discounting, governing administration agreement financing, supply chain financing, stock funding, US import/export financing, trade credit score risk management, account receivables management and credit history and collections assist. The agency has workplaces and personnel during the US, British isles, and Australia, together with 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 shoppers. Extra data can be identified at www.whiteoaksf.com/commercialfinance.
About White Oak World Advisors
White Oak International Advisors, LLC is a leading worldwide choice asset supervisor specializing in originating and delivering financing solutions to facilitate the growth, refinancing and recapitalization of modest and medium enterprises. Because its inception in 2007, White Oak World wide Advisors’ disciplined expenditure process focuses on offering chance-adjusted expenditure returns and developing extensive time period partnerships with our debtors. For much more details, pay a visit to www.whiteoaksf.com.
Look at supply model on businesswire.com:https://www.businesswire.com/news/house/20210119005029/en/
Contact: Jonathan Setiabrata
Key word: NEW YORK UNITED STATES NORTH The usa
Sector Keyword: Skilled Products and services Marketing Advertising and marketing COMMUNICATIONS SOCIAL MEDIA FINANCE BANKING
Supply: White Oak Professional Finance, LLC
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PUB: 01/19/2021 08:00 AM/DISC: 01/19/2021 08:03 AM