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Siena Lending Group Increases Senior Leverage Facility to $672.5MM with Wells Fargo Capital Finance

February 01, 2023, 07:52 AM
Filed Under: Lender Finance

Siena Lending Group announced an increase to its senior credit facility with Wells Fargo Capital Finance to $672.5 million to support its continued growth. Siena is a leading independent asset based lending business, supporting middle market companies with credit facility requirements of $10 -$100MM. Siena operates nationwide throughout the U.S. and Canada and offers financing for healthcare companies through its Siena Healthcare division.

“We are very proud of what we have achieved for Siena,” said David Grende, President and CEO. “Our continued growth and expansion into new markets would not have been possible without the continued support of our entire team, our stakeholders and the Wells Fargo team including the entire bank group. We continue to deliver for our clients a commitment to finding flexible financing solutions that supports their ongoing needs.”

"Siena has built an impressive and nimble platform to service middle market clients,” said David Koshenina, head of lender finance for Wells Fargo Capital Finance. “We at Wells Fargo value the 9+ year relationship we’ve built with Siena and we look forward to continuing to support their future growth and strategic initiatives."

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