Siena Lending Group is announcing leadership changes that will build upon the firm's considerable in-house skills and experiences while positioning the firm for continued growth in a lending environment marked by high interest rates and continued...
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March 22, 2024, 08:00 AM
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Salem Media Group closed a new $26.0 million 3-year asset-based revolving credit facility with Siena Lending Group, which refinanced its prior revolving facility with Wells Fargo Bank.Obligations under the New Revolving Facility are secured by a...
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December 28, 2023, 08:00 AM
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Siena Lending Group closed a CDN$30 million credit facility to support the acquisition of Ottawa, Canada based companies Ontario Medical Supply (“OMS”) and Royal Drugs, by Capital Health Partners (“CHP”). CHP will carry on and expand OMS’ medical...
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October 19, 2023, 07:49 AM
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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...
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September 26, 2023, 07:50 AM
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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...
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September 13, 2023, 07:58 AM
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Siena Lending Group closed a $78 million senior secured credit facility with an alcoholic beverage producer and distributor. The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.The...
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August 30, 2023, 07:51 AM
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Siena Lending Group completed a $35.0 million revolving credit facility for Nutritional. The facility was used to refinance Nutritional’s existing senior debt and support their working capital needs.Nutritional, founded in 1978, manufactures and...
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July 12, 2023, 07:00 AM
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Siena Lending Group closed a $25 million asset-based credit facility for TRM NRE Acquisition LLC to finance the acquisition of certain assets of National Railway Equipment Co. (“NRE”). Siena’s revolving credit and delayed draw term loan facility was...
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May 25, 2023, 06:07 AM
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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...
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April 26, 2023, 07:45 AM
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Siena Lending Group completed a $35 million asset-based revolving line of credit for Grove Collaborative Holdings, Inc., a publicly traded company headquartered in San Francisco, California. The facility was established to support the Company’s...
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April 19, 2023, 08:00 AM
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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...
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February 01, 2023, 07:52 AM
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SkyWater Technology signed a new $100 million three-year senior secured revolving credit facility that expands the company’s available borrowing capacity. The new credit facility contains an accordion feature that allows the company to increase the...
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January 04, 2023, 07:58 AM
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Siena Lending Group completed a $50 million asset-based revolving line of credit to MD Helicopters, LLC, a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP...
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October 20, 2022, 07:10 AM
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Siena Lending Group competed a $50 million asset-based revolving line of credit for Inseego Corp. The facility was provided to ensure that the company is well-positioned to capitalize on expected growth in the 5G landscape as the technology continues...
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September 08, 2022, 07:48 AM
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Siena Lending Group announced the appointment of Bridget Anderson as Senior Vice President of Originations, to further strengthen its originations efforts throughout the Midwest. Anderson joins Siena from PNC Business Credit where she held various...
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August 22, 2022, 08:00 AM
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Crown Partners announced that Inseego Corp. (“Inseego”), has closed on a $50 million senior debt facility with Siena Lending Group LLC. Crown Partners served as exclusive financial advisor to Inseego in connection with this transaction....
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August 11, 2022, 08:00 AM
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Siena Lending Group announced the promotion of longtime team members Scott Elliotto and Jason Schick, who will play key roles in helping the company build on the success of its Healthcare Finance division. In addition to his current role as the...
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June 22, 2022, 07:42 AM
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Siena Lending Group closed a $30 million asset-based credit facility for CST Industries, Inc.. The revolving credit facility was used to refinance existing debt and to provide additional working capital to support the Company’s turnaround and growth...
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May 03, 2022, 07:25 AM
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Siena Lending Group, through its newly formed subsidiary, Siena Lending Group Canada, announced the addition of Duane Morrison, who will be responsible for leading the company’s expansion into Canada. Based in Toronto, Morrison will maintain Siena’s...
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April 21, 2022, 08:00 AM
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Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year where they closed over $565 million in facilities across 20...
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March 23, 2022, 08:03 AM
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Siena Lending Group closed a $70 million credit facility with Navajo Transitional Energy Company, LLC (“NTEC”). The financing solution includes a $50 million asset-based revolving credit facility and a $20 million second lien term loan arranged by...
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February 24, 2022, 07:34 AM
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Siena Lending Group completed a three-year asset-based revolving credit facility for a family-owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan. Domestically manufactured from...
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November 30, 2021, 07:27 AM
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Siena Lending Group is proud to be an honoree in the 15th Annual Turnaround Awards, which recognize achievements in the distressed investing and reorganization industry. The awards, sponsored by The M&A Advisor, were presented at a gala dinner in...
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October 07, 2021, 07:40 AM
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Siena Lending Group closed an $80 million credit facility with iMedia Brands, Inc. which was completed on July 30, 2021. In addition to the $80MM asset-based revolving credit facility, Siena arranged a $28.5MM term loan secured by Company-owned real...
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August 12, 2021, 07:16 AM
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iMedia Brands announce that on July 30, 2021, the Company closed on a new $108.5 million debt financing comprising a revolving credit facility from Siena Lending Group and a term note from GreenLake Asset Management.The new revolving credit facility...
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August 06, 2021, 07:40 AM
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Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer clients maximum flexibility and liquidity. To follow is an overview of the financing solutions that Siena and Siena...
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July 29, 2021, 07:40 AM
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Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that Larry Swinney has joined the bank’s Capital Finance division as Managing Director, Asset Based Lending - Originations. He will report to Dave Viggiano, ABL Business...
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June 25, 2021, 07:55 AM
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Siena Lending Group completed a three-year asset based revolving credit facility for a family-owned and operated Textile Manufacturer. The facility consists of a $50MM Revolver and a $8.1MM Term Loan. As one of the oldest textile businesses in the...
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June 23, 2021, 07:00 AM
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Siena Lending Group announced the addition of Joe Panico, bolstering the firm’s commitment to serving clients across the Midwest. Panico joins the Siena team as Director of Originations, based in Cleveland, where he will focus on providing...
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April 20, 2021, 08:10 AM
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Siena Lending Group provided an overview of the financing solutions that Siena and its Siena Healthcare Finance division delivered in Q2 2020.Siena Lending Group closed two deals totalling $25 million for two firms, in the pharmaceuticals and beauty...
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July 14, 2020, 09:00 AM
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Siena Lending Group, (Siena), a leading asset-based lending company, announced the expansion of its national commercial lending capabilities with the launch of Siena Healthcare Finance. This new division of Siena will provide a broad range of...
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September 05, 2019, 09:00 AM
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Siena Lending Group LLC announced the completion of a $12.0 million revolving credit and term loan facility for Specialty Bakers LLC. The facility was used to finance Specialty’s acquisition of certain assets of the former Bake One, Inc. and to...
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March 21, 2019, 08:14 AM
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Siena Lending Group LLC announced that Renee Singer has joined the firm in the role of Senior Vice President Relationship Manager. With over 30 years of experience in asset-based lending, she will add talent and credit expertise supporting the...
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March 14, 2019, 01:31 PM
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Siena Lending Group LLC Announced the Closing of a $20.0 Million Revolving Credit and Term Loan Facility for Deleet Merchandising Corporation. The facility was used to refinance the company's existing senior debt and support their working capital...
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March 12, 2019, 08:09 AM
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Business Development Corporation of America (BDCA), an affiliate of Benefit Street Partners L.L.C., announced the acquisition of a controlling interest in Siena Capital Finance LLC (Siena) from Solaia Capital Advisors LLC (Solaia).
Siena is a leader...
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February 25, 2019, 08:28 AM
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Siena Lending Group LLC announced the completion of a three-year $15 million asset-based revolving credit facility for Diversified Mercury Communications, LLC dba Mercury Media. The facility will be used to support the company’s working capital needs...
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September 05, 2018, 07:03 AM
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Siena Lending Group LLC announced the completion of a $10 million revolving credit facility for Standardized Sanitation Systems, Inc. (SSS). The facility is being used to refinance the company's existing debt, fund future acquisitions and support the...
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June 19, 2018, 07:00 AM
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Siena Lending Group LLC announced that Eric Gill has joined the firm and will be leading its business development efforts in the Southeast as Director-Southeast Origination. Gill is well qualified to lead this expansion into the Mid-Atlantic and...
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January 30, 2018, 07:11 AM
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Siena Lending Group announced the completion of a $19.5 million revolving and term loan credit facility for Stewart Tubular Products, LLC to refinance the company's existing senior debt and to support their working capital needs. The transaction was...
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January 30, 2018, 07:05 AM
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Siena Lending Group LLC announced the closing of a three-year $7.5 million asset based revolving credit and FILO term loan facility for B&B Bachrach, LLC (Bachrach), a menswear retailer headquartered in Los Angeles, California. The financing was...
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November 08, 2017, 07:00 AM
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Siena Lending Group LLC announced the completion of a revolving credit facility for Ambassador Education Solutions to refinance the company's existing senior debt and maintain its working capital needs. Having access to additional capital will allow...
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September 19, 2017, 07:10 AM
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Siena Lending Group announced the completion of a three-year asset based revolving credit facility for Mill Creek Entertainment LLC to provide additional working capital for the business.
Located in Minnetonka, MN, Mill Creek is an entertainment...
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June 15, 2017, 07:00 AM
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Siena Lending Group announced the completion of a three-year senior secured credit facility for Encyclopædia Britannica and its wholly-owned subsidiary, Merriam-Webster. The credit facility, which included an asset-based revolver and a term loan...
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May 31, 2017, 08:00 AM
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Siena Lending Group LLC announced the completion of a three-year $30 million asset-based revolving credit facility for New Day Aluminum LLC to repay certain indebtedness and to provide working capital for its Gramercy, LA subsidiary, Noranda Alumina....
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February 28, 2017, 06:00 AM
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Siena Lending Group announced the completion of a $10 million credit facility for Geneva Watch Group, Inc. ("Geneva") to refinance their existing senior debt and to support their working capital needs. Headquartered in New York, NY, Geneva is a...
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January 13, 2017, 07:50 AM
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Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls ("DelVal") to refinance their existing senior debt and to provide additional working...
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December 08, 2016, 07:38 AM
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Siena Lending Group announces the completion of a $7 million credit facility for Armada Skis, Inc. (“Armada”) to refinance their existing senior debt and to support their working capital needs. Headquartered in Park City, UT, Armada designs...
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September 28, 2016, 07:38 AM
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Siena Lending Group LLC announced the completion of a $15 million credit facility for Ranger Subsea Nig Ltd. to fund expanding operations off the coast of Lagos, Nigeria. Headquartered in Houston, TX, Ranger Offshore, the parent and its subsidiaries...
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September 06, 2016, 08:02 AM
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Siena Lending Group announced the completion of a three-year $6.5 million asset-based revolving and term loan credit facility for Midwest Industrial Metals Corporation (“MIMC”) to refinance their existing senior debt and to provide additional working...
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July 19, 2016, 07:42 AM
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Siena Lending Group announced the completion of a three-year $7.5 million asset-based revolving and term loan credit facility for American Bare Conductor Inc (“ABC”) to refinance their existing senior debt and to provide additional working capital...
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July 14, 2016, 07:44 AM
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Siena Lending Group announced the completion of a three-year $7.0 million senior secured credit facility to New Dalton Corporation. The facility will be used to finance Speyside Equity’s (majority owner) and Beckner Clevy Partners stock acquisition...
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May 10, 2016, 07:59 AM
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Siena Lending Group announced the completion of a $15 million credit facility for Rotorcraft Leasing Company, LLC to refinance their existing senior debt and to support their working capital needs. Rotorcraft is an investment of Bain Capital Credit...
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April 28, 2016, 07:42 AM
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Siena Lending Group announced the completion of a three-year $9 million asset-based revolving credit facility for Xenith, LLC, a portfolio company of Rock Ventures LLC. Xenith will utilize Siena’s facility to provide additional liquidity and capital...
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January 20, 2016, 08:06 AM
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Siena Lending Group LLC announces the completion of a three-year $10 million credit facility for Marbles: The Brain Store (“Marbles”) to refinance their existing senior debt and to support their store growth requirements. Marbles is a portfolio...
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January 11, 2016, 08:12 AM
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Siena Lending Group announced the completion of a three year, $7.5 million senior secured revolving credit facility for I.D. Systems, Inc. (“I.D. Systems”). The facility will be used for the future working capital needs. Headquartered in Woodcliff...
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January 05, 2016, 07:19 AM
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I.D. Systems, Inc., a leading provider of wireless solutions for the Industrial Internet of Things, has signed a loan and security agreement for a revolving credit facility of $7.5 million, with a maturity date of December 18, 2017. An SEC filing on...
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December 28, 2015, 07:51 AM
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Siena Lending Group announced the completion of a three-year $27 million credit facility for Sypris Solutions Inc. (“Sypris”) to refinance their existing senior debt and to support their growth requirements. The facility included a $15 million...
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November 16, 2015, 08:11 AM
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Siena Lending Group LLC (“Siena”) announced the completion of a three-year $10.5 million asset based revolving credit facility for Gross & Janes Company to refinance their existing senior debt and to provide additional working capital. Siena’s...
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November 13, 2015, 08:00 AM
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Siena Lending Group, in conjunction with North Mill Capital, announced the completion of a three-year $25 million asset-based revolving credit facility for D&M Holdings US, Inc. and D&M Canada, Inc., to support their growth and seasonal working...
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June 02, 2015, 07:48 AM
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Siena Lending Group announced the completion of an $6.0 million debtor-in-possession revolving credit facility for Gourmet Express, LLC (“Gourmet”). The facility will be used to fund working capital until the completion of a bankruptcy sale....
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April 22, 2015, 08:07 AM
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Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well...
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January 06, 2015, 07:27 AM
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