Siena Lending Group closed a three-year credit facility of up to $28 million for Coloredge.
The credit facility includes an asset-based revolving line of credit along with an equipment term loan and capital expenditure facility. The loans were used to refinance existing debt and provide additional capital to support growth and equipment financing needs, and is scalable to support potential future acquisitions.
Founded in 1988, Coloredge is a provider of technology-enabled, ultra-high-end visual marketing solutions for the world’s premier brands. Coloredge is owned by Saints Capital, a San Francisco-based investment firm with a successful track record of providing liquidity to investors in private companies for over 15 years.
Emmanuel Doe, CEO of Coloredge, said, “We appreciate the diligence the Siena team demonstrated to understand our business throughout the financing process, which allowed them to provide more liquidity than we could get from other lenders. The flexible structure and ability to grow with us has helped position Coloredge to reach our next level of success.”
