New York-(Commercial wire) – White Oak Global Advisors LLC (“WhiteOak”) today provides a $ 130 million senior secured term to Texas-based petrochemical manufacturer and petrochemical supplier Trecora Resources (“Trecora”). Announced that he was the lead arranger for the loan. Special wax. The proceeds of the loan were used to complete a private transaction by the Balmoral Fund (“Balmoral”). Balmoral is a $ 1.5 billion AUM private equity firm that manages commitment funds, headquartered in Los Angeles, California.
Albert Brandano, director of White Oak, said: “We are proud to partner with Balmoral to support the next chapter in Trecola’s growth as a private company.”
“We are delighted to have the opportunity to support Trecola’s next stage of growth. Over the years, Trecola’s success has been made possible by growing with our customers. We look forward to continuing. “Says Richard Levernier, Vice President of Balmoral. “This is Balmoral’s second acquisition with White Oak this year and we are pleased to continue to cooperate in future investments.”
About White Oak Global Advisor
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in creating and providing financing solutions to help SMEs grow, refinance and recapitalize. WOGA, along with its financial subsidiaries, offers more than 20 loan products to all sectors of the economy, including term loans, asset loans and equipment loans. Since its founding in 2007, WOGA and its affiliates have used a disciplined investment process focused on providing investors with a risk-adjusted rate of return while building long-term partnerships with borrowers. We have rolled over $ 10 billion across our product line. For more information, please visit www.whiteoaksf.com.
About Balmoral Funds, LLC
Balmoral is a private equity fund founded in 2005 and based in Los Angeles, California. Balmoral’s goal is to be the financial partner of choice for successful entrepreneurial executives and investment advisors who will transform and invigorate co-investing companies. Balmoral has approximately $ 1.5 billion in assets under management. Balmoral typically earns between $ 30 million and $ 500 million and invests in companies that require capital investment of $ 10 to $ 100 million, with the option of investing an additional $ 100 million or more, especially of interest.
About Trecola Resources
Trecora owns and operates a specialty petrochemical plant specializing in the production of high-purity hydrocarbons and other petrochemicals and a specialty wax plant in Texas, offering custom processing services at both facilities. increase.