Gibraltar Business Capital (GBC) is pleased to have participated in a $550 million senior secured asset-based credit facility for Wilbur-Ellis, a leading distributor and manufacturer serving the North American agriculture and food systems sector. The facility is part of a broader recapitalization and capital raise of nearly $1 billion aimed at enhancing the company’s liquidity and operational flexibility.
A Collaborative Effort to Support Growth
White Oak Commercial Finance led the facility as the Sole Left Lead Arranger, and SLR Credit Solutions served as the Joint Lead Arranger. Ares Management and MidCap Financial acted as Joint Bookrunners, with GBC contributing as a participant in the multi-lender syndicate.
Focused on Seasonal Liquidity and Long-Term Success
The structure is secured by a first lien on working capital assets and is designed to support Wilbur-Ellis’ seasonal liquidity needs and evolving growth strategy in the face of ongoing supply chain and import cost challenges.
A Strategic Fit for Gibraltar
This transaction aligns with GBC’s mission to provide flexible capital solutions that help companies in the distribution, industrial, and agriculture-related sectors stay competitive and resilient. Our participation highlights Gibraltar’s ability to work within complex syndicated structures while remaining nimble and relationship driven.
“Wilbur-Ellis is a deeply respected company with a long history in the agriculture supply chain. We’re proud to have played a supporting role in this facility, which delivers the kind of seasonal liquidity and structural flexibility that’s critical in today’s environment. Collaborating with a thoughtful syndicate of non-bank lenders allowed us to deliver a customized solution that meets the company’s evolving needs,” shared Scott Winicour, CEO, Gibraltar Business Capital.
