Daily News: February 19, 2014

Siena Provides Facilities for Three Manufacturers


Siena Lending Group announced the completion of a $5.3 million senior secured revolving credit facility for DiCicco Concrete Products, Great Lakes Underground Supply and Kieft Bros. The credit facilities are being used to refinance existing credit facilities as well as to provide working capital.

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

Patrick Spriet, president and CEO, said, “Siena was able to understand our business model and demonstrated flexibility when developing a credit facility to best serve our operating companies.”

Based in Chicago Heights, IL and Elmhurst, IL, DiCicco Concrete Products, Great Lakes Underground Supply and Kieft Bros. are engaged in the manufacturing and distribution of construction related products for the sewer, waste water and storm water industries.