Daily News: June 26, 2014

Siena Completes ABL Revolver for Vibrant Health

Siena Lending Group (Siena) announced the completion of a three year, $5 million senior secured revolving credit facility for Vibrant Health. The facility will be used for working capital needs as Vibrant Health continues on its strong path of growth.

Canaan, CT-based Vibrant Health is a developer and distributor of nutritional food supplements for general health and wellness for men, women and children. Vibrant’s products are sold in many retail locations as well as over the internet.

David Grende, president and CEO of Siena Lending Group, said, “We are pleased to be able to provide Vibrant Health with the capital that they will need in order to continue to execute on their growth plans.”

Ted and Paige Parker, president and the COO of Vibrant, said, “We are very pleased to have a partner in Siena to help us achieve our growth goals. Siena’s execution in closing the transaction was second to none.”