Siena Lending Group completed a $45 million asset-based revolving line of credit for Gladiator Energy. The facility was provided to repay existing debt and to support the company’s growth initiatives. Based out of Houston, TX, Gladiator provides coil tubing and ancillary services to large, well-known oil and gas customers operating in the Permian, Eagle Ford, Haynesville and Marcellus basins throughout the U.S.
“The team at Siena is exemplary and the process from term sheet to close was almost seamless,” Brian Uhlmer, CFO of Gladiator said. “They were commercial and provided the flexible structure that we needed, which ultimately distinguished them from their competitors. We are looking forward to the long-term relationship as Siena supports our growth initiatives in the future.”
“We are pleased to partner with Gladiator as they continue to expand this business throughout the major oil and gas plays here in the U.S.,” Nick Payne, managing director of originations at Siena said. “The professionalism and responsiveness of Gladiator’s management team, and Siena’s trusted third parties, played a significant role in the timeliness of the closing. My gratitude to their advisors, C2FO, for running a seamless and successful process on their behalf.”
“Gladiator is led by an outstanding team of industry experts with a clear vision for growth,” Mike Ashley, business development director at C2FO said. “We’re grateful for the opportunity to advise them through this process, ensuring they have the capital needed to thrive and achieve their vision. Thanks to Siena for efficiently delivering a creative financing solution to Gladiator.”
