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Siena Lending Group Closes $35MM Credit Facility for Functional Footwear, Accessory Company

April 26, 2023, 07:45 AM
Filed Under: Apparel

Siena Lending Group closed a $35 million credit facility for a fourth-generation, family-owned Company based in Milwaukee, Wisconsin. The Company was founded in 1911 and has a long history of designing and selling on-trend and functional footwear and accessories.

Siena provided a creative financing solution that supports the seasonal nature of the Company’s business as it navigates out of the unprecedented supply chain challenges of 2022 and positions itself for future growth and profitability. Fort Dearborn Partners (“FDP”) was engaged to assist the Company with its refinancing and performance improvement initiatives.

Bridget Anderson, Senior Vice President of Originations at Siena, said “Despite a challenging industry environment, the entire deal team was able to work together to provide the Company with a credit facility that will support the business as it readies for its’ 112th busy season. A huge thank you to the Company management team, Fort Dearborn Partners, and the team at Siena for getting this transaction across the finish line.”

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