NEW YORK, September 22, 2021--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC ("White Oak") today announced it acted as administrative agent on the funding of a $185 million senior credit facility secured by 14 skilled nursing facilities in the Southeast. The total portfolio comprised over 1,400 beds.
"Though the current operating environment in the skilled nursing industry remains challenging, White Oak remains committed to the sector and recognizes its importance in the post-acute continuum of care. This transaction presented White Oak the opportunity to continue building upon a relationship with an important client as well as partner with a best-in-class operator," said Ross Eldridge, EVP & Chief Originations Officer at White Oak. "White Oak continues to be extremely active across all sectors and product types within the healthcare continuum. Our flexible capital, certainty of execution and experienced team allow us to grow with investors and operators in the space."
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC ("WOGA") is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $8 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
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Prosek Partners (on behalf of White Oak Global Advisors)