Trecora Resources gets $130 million senior secured term loan

By Mary-Katherine Stinson

Lexington, Ky., July 21 – Trecora Resources got a $130 million senior secured term loan with White Oak Global Advisors LLC acting as lead arranger, according to a press release Thursday.

Proceeds were used to complete a take-private transaction by Balmoral Funds. Balmoral is a Los Angeles-based private equity firm that manages committed funds.

The effective time for the merger was June 27.

Additional financing for the transaction came from equity and a revolving credit facility with Bank of America.

SPP Credit Advisors, LLC also worked on the senior secured term loan.

Trecora is a Sugar Land, Tex.-based provider of specialty hydrocarbons and specialty waxes.

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