Siena Lending Group, a provider of asset-based lending solutions, closed a new senior secured revolving credit facility, in which Siena partnered with Eclipse Business Capital as co-lender and co-documentation agent.
The credit facility is secured by accounts receivable and inventory. The transaction refinanced the retailer’s existing credit facilities and provided additional liquidity for working capital purposes.
Eclipse Business Capital served as the lead agent for the overall $450 million senior secured revolving credit facility.
