Siena Lending Group promoted longtime team members Scott Elliotto and Jason Schick, who will play key roles in helping the company build on the success of its healthcare finance division.
Siena Lending Group closed a $30 million asset-based credit facility for CST Industries, which used the facility to refinance existing debt and to provide additional working capital to support its turnaround and growth plan.
Siena Lending Group closed two deals with a combined value of $110 million to companies in the mobile accessories and media services market in Q3/21. In addition, Siena Healthcare Finance closed a $12 million deal with a pharmaceuticals company during the quarter.
iMedia Brands closed on a new $108.5 million debt financing consisting of a revolving credit facility from Siena Lending Group and a term note from GreenLake Asset Management.
Siena Lending Group delivered $205 million across eight deals and Siena Healthcare Finance delivered $16.5 million across two deals in Q2/21.
Siena Lending Group closed three deals with an aggregate value of $45 million in Q1/21. In addition, Siena Healthcare Finance completed a $35 million deal with a New York-based home health company during the quarter.
Siena Lending Group hired Joe Panico as director of originations based in Cleveland, where he will focus on providing asset-based lending solutions for middle market companies in Ohio, Michigan, Pennsylvania and western New York.
Siena Lending Group and Siena Healthcare Finance closed 10 facilities aggregating $135 million in Q4/20, with 25 transactions totaling more than $285 million completed in 2020 overall.
Siena Lending Group completed five new facilities totaling $55 million in California, Florida, Illinois, Maryland and Washington.
Siena Lending Group completed two deals for an aggregate amount of $25 million in Q2/20, while Siena Healthcare Finance delivered two deals for an aggregate amount of $20 million in the quarter.