White Oak Global Advisors reveals four Q1 deals

The mid-market lender has supported firms in various industries with $219m of loans in total.  

White Oak Global Advisors, the San Francisco-based mid-market lender has announced four deals totaling $219.5 million in senior financing that took place during the first quarter of 2016.

The company served as the lead arranging agent and co-lender for $119.5 million in senior secured credit that supported the buyout of a wireless services retailer and one of its competitors.

It was sole lender and administrative agent for a $25 million senior secured term loan to an organic compost producer which used the funds to refinance existing debts and as growth funds.

White Oak was also sole lender and administrative agent for a facility that provided $15 million in senior secured debt to a medical equipment distributor that plans to use the funds to finance new equipment.

Furthermore, White Oak announced it had played the same role in providing a $60 million secured term loan to a consumer finance company that used the funds to recapitalise senior secured bonds.

A White Oak spokesman declined to comment further on the details of the deals.

White Oak focuses on mid-market lending using senior term loans, asset-backed loans, equipment financings and opportunistic credits supporting a variety of industries including entertainment, industrial and consumer staples.

The company has $2.88 billion of assets under management and focuses primarily on the US and North America. Last year, the company's Summit Fund secured investments from the Texas Municipal Retirement System and San Joaquin County Employees Retirement Association among others.