White Oak provides $35m ABL facility to Unicat

White Oak Commercial Finance (WOCF) and White Oak UK (WOUK), affiliates of White Oak Global Advisors, have provided a $35 million asset-based lending (ABL) revolving credit facility to Unicat Catalyst Technologies LLC, a global supplier of heterogeneous catalyst products used across refining, petrochemical and specialty chemical markets.

The financing package also includes a $20 million uncommitted accordion feature, giving Unicat additional flexibility to expand the facility as it executes on its growth strategy. The multi-currency facility spans Unicat’s US and UK platforms and is structured in US dollars, British pounds and euros, reflecting the company’s cross-border operating footprint. Unicat is headquartered in Texas, with executive offices in the United Kingdom.

Company executives said the new facility will enhance liquidity and improve the efficiency of Unicat’s capital structure.

White Oak highlighted the transaction as an example of its ability to structure integrated financing solutions for multinational borrowers.

“Our ability to structure and deploy capital across jurisdictions – funding deeper into various asset classes in both the US and the UK – enabled us to deliver a fully integrated solution tailored to Unicat’s needs,” said Kevin Maitland, Managing Director of Underwriting at WOCF.

“This cross-border funding capability provides a distinct competitive advantage, allowing us to unlock incremental liquidity, harmonise collateral coverage across entities, and execute with flexibility and certainty.”

“Unicat is a strong example of our ability to structure cross-border facilities for multi-jurisdictional companies,” Harrison said. “This transaction highlights our continued commitment to the cross-border space as a leading non-bank ABL provider.”

Shoosmiths and Goldberg Kohn served as legal counsel to WOUK and WOCF, respectively, with additional support from Hilco and FBX Capital. Unicat was advised by Squire Patton Boggs.