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 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.
The Commercial Finance Association awarded Michael D. Sharkey, president of MB Business Capital, its prestigious Life Time Achievement Award.