Daily News: October 6, 2015

Siena Lending Supplies $6.6MM DIP Facility to Lincoln Paper


Siena Lending Group completed a $6.6 million debtor-in-possession revolving credit facility for Lincoln Paper and Tissue.

The facility will be used for working capital needs as a sale is completed through the 363 bankruptcy sale process. Lincoln has received and accepted a stalking horse bid prior to entry into bankruptcy court.

Headquartered in Lincoln, ME, Lincoln is a producer of deep-dyed tissue and a producer of specialty white bonded tissue that is converted into napkins, party goods and specialty towels.