Term loans for your business plans

A financing need may come with a new opportunity or a change in the business. White Oak provides term loans for growth, acquisition, buyouts, recapitalization and working capital, with financing designed around the borrower's objectives. We work with both sponsored and non-sponsor-backed businesses across growth, maturity and restructuring.

For term loans, White Oak focuses on companies with enterprise values of $50 million–$2 billion and/or EBITDA below $50 million, competitive positions in their markets and industry-leading management teams. These company measures sit alongside the financing parameters below.

Senior debt investment size

$10 million–$500 million

Typical hold position

$10 million–$150 million

Maturity

Five years or less

A hold position is the amount of an investment White Oak retains. Its typical hold range is separate from the senior debt investment size range above. The company-value and EBITDA figures describe our company focus; they are not loan amounts. Maturity describes the financing term, while the repayment schedule is a separate part of the financing discussion.

Cash flow and asset-oriented assessment

Across commercial lending, financing assessed primarily on earnings and cash flow takes a different starting point from financing assessed primarily on the value of eligible assets. That difference can affect how borrowing capacity is assessed. It makes the business's operating profile and asset base useful parts of a financing discussion.

When comparing proposals, consider the funding available, overall economics and obligations together. A headline amount or interest rate gives only part of that picture. For asset-based financing, distinguish a term loan from a revolving facility and compare the repayment and operating requirements of each proposal.

A revolving asset-based lending facility can be repaid and drawn again within agreed availability. The borrowing base, which reflects eligible collateral, helps determine that availability; ongoing reporting and collateral monitoring also matter when assessing how the facility could support recurring funding needs.

What a unitranche arrangement can change

A unitranche arrangement may bring lenders together under one borrower-facing credit agreement with a common agent. This can simplify administration for the borrower by bringing the financing into one agreement, even where more than one lender participates.

Some arrangements use blended pricing, combining the underlying lender economics into a borrower-facing interest rate. Compare that rate alongside fees and the wider financing terms to understand the overall package.

The arrangements for future changes matter too. A common agent handles administration, while the agreement's consent provisions determine which lenders must approve amendments. Understanding both helps you assess how the financing would operate after closing, as well as at the outset. Unitranche structures vary, so these details belong in the discussion of the particular proposal.

Talk with Darius Mozaffarian or John Felix about your business, the purpose of the financing and the capital need you are working to address. Whether you are considering an acquisition, funding the company's next stage or evaluating financing structures, the conversation can start with your objectives.