White Oak Commercial Finance (WOCF) has provided a $125 million asset-based revolving credit facility to an undisclosed U.S.-based energy services company. (Source: Shutterstock)
White Oak Commercial Finance (WOCF) has provided a $125 million asset-based revolving credit facility to an undisclosed U.S.-based energy services company, according to a May 15 press release.
The transaction is the latest in WOCF’s deployment of flexible asset-based lending solutions within the energy and manufacturing sectors, the firm said.
WOCF, an affiliate of White Oak Global Advisors, acted as the sole lender in the transaction, which aims to enhance the company’s financial flexibility and liquidity, the release stated.
In February, WOCF announced a $60 million revolving credit facility with a construction and infrastructure company.
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