White Oak Global Advisors, LLC (“White Oak”), announced it provided a $80 million term loan supporting the refinancing of one of the largest non-ferrous and ferrous metals recyclers in the US. The structure, which also includes an $80 million asset-based credit facility, provides the company with a more efficient capital structure and increases its borrowing capacity as commodity prices increase.
“The borrower’s business is complex and operates in a constantly evolving global industry,” said White Oak Managing Director Chris Gouskos. “Understanding the various risks and opportunities of this nuanced corner of the commodities industry is a testament to our tenacity, underwriting capability and ability to deliver in a customer centric and thoughtful manner.”
