Siena Lending Group completed a $7 million credit facility for Raven Antenna Systems, d/b/a Global Skyware, to refinance its existing senior debt and to support working capital needs.

Headquartered in Smithfield, NC, Raven manufactures small aperture terminal, direct to home and broadband satellite antennas as well as related products and accessories. These antennas are an essential element of the ground equipment needed to receive transmission and reception of voice, video and data from satellites in space. Raven is owned by Global Invacom Group.

Stephen Fuscaldo, director of Siena Lending Group, said, “We are pleased to provide a flexible asset-based facility to Raven which will allow them to capitalize on their increase in working capital assets due to volume growth.”

Siena Lending Group is an independent specialty finance company offering asset-based loans between $1 million and $30 million to middle-market businesses.