News
White Oak Commercial Finance (“White Oak”) announced it has agented and closed an asset-based revolving credit facility to partially fund the acquisition of Ste. Michelle Wine Estates, LLC by the Wyckoff family, owner of diversified agribusinesses in Washington, Oregon, and Idaho.
Goldberg Kohn attorneys William Starshak, Will Cowell, Adam Laser, Jennifer Chiang and many other attorneys, legal assistants and staff represented White Oak as the lender in the transaction, structuring the new asset-based credit facility to provide financing for the acquisition and give the new ownership the ongoing flexibility and capital needed to execute their long-term strategic goals and objectives.
“It was a privilege to have the opportunity to partner with the Wyckoff family and their leadership, as well as Ste. Michelle’s management team to structure and close on this important financing for the Washington wine industry,” said Nick Ply, Head of Underwriting at White Oak Commercial Finance. “This transaction underscores our ability to deliver fast, flexible, and tailored financing solutions to support our customers.”
White Oak Commercial Finance, LLC is an affiliate of White Oak Global Advisors, LLC, and a valued, long-term client of Goldberg Kohn. White Oak provides asset-based lending, full-service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, accounts receivable management and credit/collections services.
"Goldberg Kohn appreciates the trust White Oak, the Wyckoff family and the entire Ste. Michelle team placed in our firm to execute this complex matter,” said William Starshak. “I am personally honored to work with such amazing lawyers and support staff who went above and beyond to deliver for our client in an extremely tight time frame."
