Siena Lending Group completed a $3.5 million revolving credit facility for AlterG to partially refinance the company’s existing senior debt and support its working capital needs. First West Capital collaborated on the transaction, providing a $4.5 million term loan to complete the refinance of the senior debt. Business Capital arranged the total refinancing package.

Headquartered in Fremont, CA, AlterG is a medical and rehabilitation device company that manufactures and sells anti-gravity treadmills for use in rehabilitation, athletic training and exercise enablement. AlterG uses technology developed by NASA to create an unweighting environment over a treadmill by using different levels of air pressure to adjust the user’s body weight by between 20% and 100% of their normal weight.

Stephen Fuscaldo, director of Siena, said, “Siena is very pleased to provide a total financing solution in conjunction with First West Capital. The total debt package gives the company more flexibility to run its business and focus on their growth strategies.”

“Siena, in combination with First West Capital, provided a complete financing package that suits our needs and will allow us to focus on moving our business forward in a number of exciting areas,” added Kevin Davidge, CFO of AlterG. “Siena was instrumental in driving the closing process and I appreciated their flexibility in getting the deal done.”