BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
SAN FRANCISCO, July 26, 2017 -- White Oak Global Advisors, LLC, a leading global alternative asset manager focused on direct lending to middle market companies, announced that it has provided over $630 million in financing through the first half of 2017.
Andre Hakkak, Chief Executive Officer and Managing Partner of White Oak Global Advisors, commented: ”Our activity year to date truly speaks to the breadth and depth of our platform. We continue to develop innovative financing solutions for our borrowers, and look forward to a strong second half of the year.”
Key transactions include:
- A $60 million senior secured term loan and asset-based facility to a leading provider of technology and data analytics-driven supplier of medical products, equipment and services. The proceeds were used to refinance existing debt and provide growth capital.
- A $61.5 million borrowing-base senior secured term loan to an oil and gas corporation. The proceeds were used to refinance an existing debt facility and assist in the production of new wells.
- A $41.8 million senior secured term loan to a specialty lender to the retail agriculture sector. The proceeds were used as growth capital to expand the Company’s existing credit facility.
- A $188.7mm senior secured credit facility in which White Oak was Lead Arranger to a leading provider of outsourced IT and communications services, primarily in Europe. The proceeds were used to assist in the acquisition of the company by its sponsors. White Oak committed $78.9 million as part of the transaction.
- A $55 million senior secured asset-based loan to a land-based drilling equipment and services company. The proceeds were used to refinance existing debt facilities.
About White Oak
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak’s disciplined investment process aims to deliver risk-adjusted investment returns for our investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
Media Contact Jonathan Setiabrata White Oak Global Advisors, LLC [email protected] 415-644-4174
