Daily News: January 15, 2014

Siena Closes Vinturi Facility

Siena Lending Group announced the completion of a one-year, $1.5 million senior-secured revolving credit facility for Vinturi. The facility will be used to support Vinturi’s working capital and seasonal requirements.

David Grende, president and CEO of Siena Lending Group, said, “We are pleased to be able to provide Vinturi the working capital it needs for their seasonal requirements and for their anticipated growth.”

Paul Stacey, CEO of Vinturi, said, “Siena was very flexible and creative in providing a structure that meets our seasonal needs and forecasted growth. They were a pleasure to deal with.”

Carlsbad, CA-headquartered Vinturi is a designer, marketer and distributor of patented wine aeration products utilizing the Bernoulli principle.