Siena Lending Group announced the completion of an $8 million revolving and term loan facility for Southern Parallel Forest Products. The facility will be used to purchase a sawmill and planer mill, and will provide additional working capital. Dynamic Capital was the financial adviser on the transaction.

Headquartered in Albertville, AL, Southern Parallel produces Southern Yellow Pine lumber for the housing and lumber treating markets in the southern and central United States.

David Grende, president and CEO of Siena Lending Group, said “We are very pleased to have helped the Glaziers transact on the purchase of the mill and look forward to a long lasting relationship as they continue to execute on their strategic vision”.

Patrick Glazier, owner of Southern Parallel said “We are pleased to have established a lending relationship with Siena and we are excited about the future prospects for our business. The procurement of these credit facilities will allow us to add efficiencies to our plant and facilitate growth in our business.”