Daily News: August 17, 2018

Siena Provides ABL Facility to Texas Die Casting


Siena Lending Group completed a three-year asset-based revolving and term loan credit facility for Texas Die Casting, a high-pressure aluminum die casting company.

The refinance will be used to provide additional working capital to the company to help drive the continued growth of the business.

Pat Burke, controller at Texas Die, said, “From the very start of the process to the finish we were extremely impressed with the professionalism and speed with which the Siena team performed the refinance of our credit facility. Nick Payne and his team have my whole-hearted endorsement.”

“We are thrilled to partner with Pat and the rest of the management team to support a company with such a track record as strong as that of Texas Die Casting,” said Nick Payne, director of Siena. “We have been inspired by the vigor of their leadership and the overwhelming support of an energetic ownership group. We look forward to a long-term relationship with Texas Die Casting.”

Founded in 1984 and located in Gladewater, TX, Texas Die Casting is a precision high-pressure aluminum die casting company servicing the automotive, appliance, and electronics industries.