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Siena Lending Group Closes $37MM Credit Facility for Sharper Image

September 13, 2023, 07:58 AM
Filed Under: Retail

Siena Lending Group closed a $37MM revolving credit facility for Sharper Image. The facility was used to refinance Sharper Image’s existing senior debt and support the Company’s working capital needs. Siena worked closely with ownership and management to craft a creative financing solution that uniquely supports the company during both its high and low seasons.

Sharper Image is a specialty retailer that sells unique and innovative products to customers in the United States utilizing catalogs and the internet. Sharper Image features an assortment of functional, distinctly designed and high-quality products that are not widely available from other retailers. The owner of the business, Camelot Venture Group, relaunched the Sharper Image catalog and website business in 2009. Camelot Venture Group invests primarily in direct-to-consumer growth-oriented companies including e-commerce, health and fitness, technology, healthcare and other core businesses.

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