Siena Lending Group, an asset-based lending company, closed a $27.5 million asset-based credit facility for Pure Safety Group (PSG), a global company in fall protection equipment and safety solutions. The credit facility will provide PSG with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.
“As the chief financial officer of Pure Safety Group, I am delighted to announce the opening of our new ABL facility in partnership with Siena Lending,” Chris Zanone said. “This facility is a testament to our commitment to innovation and operational excellence. By leveraging Siena’s advanced solutions and financial expertise, we are poised to enhance our supply chain efficiency and achieve significant cost savings. This facility 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.”
“We are excited to partner with Pure Safety Group and support their mission of delivering best-in-class safety solutions to customers worldwide,” Suzanne Lovett, director of Southwest originations for Siena Lending Group, said. “This credit facility underscores Siena’s ability to deliver flexible and customized financing to meet the unique needs of our clients.”
