Siena Lending Group completed a $20 million asset-based revolving line of credit for a privately held aerospace manufacturer (“AM”) headquartered in Ontario, Canada. The facility was established to repay certain existing shareholder debt and to support the company’s future working capital needs.

Operating in a state-of-the-art facility just outside of downtown Toronto, AM is a market leader in the Canadian aerospace segment. The company is a specialty manufacturer of turbine engine shafts, helicopter masts, turbine engine thrust links, nuclear pressure vessel containment systems, and other industrial products. With a sophisticated approach to complex builds and ownership that has consistently put their support behind the business, AM has established itself as an integral part of the broader aerospace industry.