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Orion Group Holdings, a leading specialty construction company, closed a new 3-year $103 million senior secured asset based credit facility with White Oak ABL and White Oak Commercial Finance, which are the asset-based lending affiliates of White Oak Global Advisors. This credit facility has replaced the Company’s $42.5 million revolver with.
Last week the organization announced it was to enter into a new exclusivity agreement but did not name the parent company behind the new sale agreement.