NEW YORK–(BUSINESS WIRE)–White Oak Merchant Partners, LLC, (“WOMP” or “the Company”), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (“WOGA”), announced today that the Businesses closely with Syco Entertainment Ltd (“Syco”), the media production company of television personality, producer and record executive Simon Cowell, in a $125 million ABS transaction.
The transaction is the first time an unscripted TV show has been securitized, opening a new path for media IP owners to monetize their assets and cash flows in the capital markets for reinvestment and strategic purposes.
“It has been a privilege to have worked with the Syco team on this groundbreaking deal from the start,” said Freddy Boom, partner and head of structured finance at White Oak Merchant Partners. “We look forward to building on the success of the transaction and continuing this momentum while working with other similarly positioned media companies and IP owners.”
Andre Hakkak, CEO of White Oak Merchant Partners, said: “This innovative transaction is a testament to White Oak’s deep expertise in developing bespoke asset-backed solutions for our corporate clients and delivering strong value for investors.”
The proceeds from the transaction will be used to finance Syco’s further expansion.
About White Oak Merchant Partners
White Oak Merchant Partners, LLC (“WOMP”) is a FINRA Registered Broker-Dealer and SIPC Member. WOMP places senior secured, second tier, mezzanine and other loans and debt instruments with institutional investors. WOMP is affiliated with White Oak Global Advisors, LLC.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in sourcing and delivering financing solutions to support small and mid-sized businesses at every stage of their life cycle. WOGA and its financing partners optimize the capital structure based on available assets and cash flow and offer over twenty lending products to the market, including term, asset-based and equipment loans. Since its inception in 2007, WOGA and its subsidiaries have invested over $10 billion across its product lines, employing a practical, disciplined investment process focused on delivering investors risk-adjusted investment returns while building long-term partnerships with its borrowers. Visit www.whiteoaksf.com for more information.