Daily News: August 21, 2013

Siena Lending Completes Revolver for Kevyn Aucoin Beauty

Siena Lending Group announced the completion of a senior secured revolving credit facility for New York City-based Kevyn Aucoin Beauty. The facility will be used to support the company’s working capital and rapid domestic and international growth plans.

David Grende, president and CEO of Siena lending Group, said, “We are delighted to provide a financing facility that helps the management team meet its strategic growth objectives. Providing growth financing for quality brands like Kevyn Aucoin is an essential part of our business strategy.”

Kevyn Aucoin develops, markets, and sells color cosmetic products in both domestic and international markets. Kevyn Aucoin’s glamour products are available at select high-end physical and online retailers and boutiques.

Chris Ahearn, chairman and CEO of Kevyn Aucoin Beauty, said, “We chose to work with Siena because they understand our needs as a high growth company to scale all parts of our business and infrastructure to keep up with consumer and retailer demand. We know that they will be a good partner for us.”