Siena Lending Group, a provider of asset-based lending solutions, closed a new senior secured revolving credit facility for Connoisseur Media.
The credit facility was used by the company for the purchase and exchange of the stock of Alpha Media and to provide working capital. Brigade Capital provided the term debt for the acquisition and Guggenheim Securities was the advisor for the transaction.
“Siena has been a wonderful partner in navigating through a very complex acquisition and exchange of stock deal along with the handling and negotiating of the split lien structure with our term debt lender, Brigade Capital. Siena was extremely professional and a pleasure to deal with,” Jeffrey Warshaw, founder and CEO of the company, said.
“We are proud to finance Connoisseur, led by radio icon Jeff Warshaw, who is one of the premier operators in the business,” Stephen Fuscaldo, managing director at Siena Lending Group, said.
