White Oak Commercial Finance and White Oak UK, affiliates of White Oak Global Advisors, have provided a $35 million asset-based lending revolver facility to Unicat Catalyst Technologies, a supplier of heterogeneous catalyst products. The facility includes a $20 million uncommitted accordion feature.
Unicat, headquartered in Texas with executive offices in the United Kingdom, received a full suite of asset-based lending products across its U.S. and UK platforms. The financing was structured in U.S. dollars, British pounds and euros to support the company’s cross-border operations.
The transaction was designed to deliver flexible working capital and term loan facilities, while aligning collateral coverage across jurisdictions. White Oak said its ability to deploy capital across asset classes in both the U.S. and UK enabled it to provide an integrated solution tailored to Unicat’s operational footprint.
Shoosmiths and Goldberg Kohn served as legal counsel to White Oak UK and White Oak Commercial Finance, respectively, with additional support from Hilco and FBX Capital. Unicat was represented by Squire Patton Boggs.
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provides asset-based lending, factoring, lender financing, inventory financing, supply chain financing and other structured credit solutions. Since inception in 2007, White Oak and its affiliates have deployed more than $11 billion across over twenty lending products. White Oak UK, headquartered in Chester, is authorized and regulated by the Financial Conduct Authority and provides lending solutions to SMEs and mid-corporates across the UK.
KEY QUOTES
“We are pleased to work with WOCF and WOUK, who have provided us with flexible working capital and term loan facilities that are more efficient than our previous arrangements and give us scope to grow in line with our strategy.”
Mark Stuckey, CEO of Unicat
“Our ability to structure and deploy capital across jurisdictions — funding deeper into various asset classes in both the U.S. and the UK — enabled us to deliver a fully integrated solution tailored to Unicat’s needs. This cross-border funding capability provides a distinct competitive advantage, allowing us to unlock incremental liquidity, harmonize collateral coverage across entities, and execute with a level of flexibility and certainty of execution.”
Kevin Maitland, Managing Director of Underwriting at White Oak Commercial Finance
“Unicat is a strong example of our ability to structure cross-border facilities for multi-jurisdictional companies. We appreciate their decision to partner with us in supporting their growth strategy. This transaction highlights our continued commitment to the cross-border space as a leading non-bank ABL provider.”
Jeremy Harrison, Managing Director of ABL at White Oak UK
