Siena Lending Group closed a $33.5 million asset-based credit facility for Dorfman Milano, a designer, manufacturer and distributor of headwear and accessories. The financing will provide Dorfman with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.
“I am delighted to announce the opening of our new ABL facility in partnership with Siena Lending,” Kyle Billingsley, chief financial officer of Dorfman Milano, said. “This facility is a testament to our commitment to innovation and operational excellence and will provide us with the financial flexibility to invest in future growth opportunities, ensuring we continue to deliver exceptional value to our stakeholders. We look forward to a successful and productive collaboration with Siena.”
Suzanne Lovett, director of Southwest originations for Siena Lending Group, said, “We are excited to partner with Dorfman Milano, a company with a strong Texas heritage and clear vision for the future. Our financing solution provides the working capital support necessary to help the company execute on its strategic plans and continue its long tradition of excellence in the accessories market.”
