Siena Lending Group provided a $12 million revolving credit facility to New Age Beverages. The facility was used to support the company’s inventory requirements and growth plans and to refinance existing senior debt.
Headquartered in Denver, New Age, a publicly traded company listed on the NASDAQ exchange, is an organic and natural beverage company intent on becoming the world’s leading healthy beverage company.
Stephen Fuscaldo, director of Siena, said, “Siena is very pleased to provide a working capital facility for New Age that will provide the company more liquidity to fund the growth in their brand business. We are excited to be a partner with New Age to help them achieve their growth targets.”
