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Siena Lending Group Closes $20MM Credit Facility for Specialty Aerospace Manufacturer

September 26, 2023, 07:50 AM
Filed Under: Aerospace

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.

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