Siena Lending Group, a provider of asset-based lending solutions, closed a new senior secured credit facility for SIFCO Industries, a global manufacturer of engineered components for the aerospace and industrial sectors. The facility is designed to provide SIFCO with financial flexibility to repay its senior debt, support its growth initiatives, working capital needs and overall business operations. The new facility consists of a revolving line of credit and a term loan.
“We are pleased to have reached agreement on a new credit facility with Siena Lending Group,” George Scherff, the company’s CEO, said. “The SIFCO team now looks forward to a partnership that allows it to capitalize on the growing opportunities within the market segments it serves.”
“We are excited to support SIFCO’s ongoing success with this tailored financing solution,” Nick Payne, senior managing director at Siena Lending Group, said. “This new facility strengthens SIFCO’s financial position and provides the resources needed to accelerate growth and operational efficiency, allowing the company to continue to be an innovative leader in a dynamic industry. We are also thankful for the opportunity to work alongside our trusted partners at Croley Martell as they led another successful execution.”
