Daily News: February 27, 2018

Siena Closes $12MM Revolver for PCX Aerostructures


Siena Lending Group completed a $12 million revolving credit facility in conjunction with a $21 million term loan facility for PCX Aerostructures.

The facilities were used to refinance the company’s existing senior debt and to support the company’s growth plans and working capital needs.

Headquartered in Newington, CT, PCX manufactures flight critical precision machined components for military and commercial aerospace applications. It is a portfolio company of RFE Investment Partners, a private equity investor with a long-standing small buyout heritage.

Stephen Fuscaldo, director of Siena, said, “Siena worked hard on finding a financing solution to meet all stake holder needs with a creative and complex financing structure. It was a team effort, which also included RFE, who has given PCX tremendous support and were a pleasure to work with.”