Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $672.5 million to support its continued growth. Siena is an independent asset-based lending business.
Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year in which it closed more than $565 million in facilities across 20 relationships.
Siena Lending Group, an asset-based lender, closed a $70 million credit facility with Navajo Transitional Energy Company. The financing solution includes a $50 million asset-based revolving credit facility and a $20 million second lien term loan arranged by Siena.
Siena Lending Group received the refinancing of the year award at the 15th Annual Turnaround Awards in the under $100 million category for closing a $21.5 million credit facility that supported the refinancing of Arandell Corporation and its acquisition by Saothair Capital Partners.
Siena Lending Group closed a previously announced $80 million credit facility with iMedia Brands. In addition to the $80 million asset-based revolving credit facility, Siena arranged a $28.5 million term loan secured by company-owned real estate, which was completed in conjunction with Siena’s loan.
Siena Lending Group, an independent asset-based lending company, increased its senior credit facility with Wells Fargo Capital Finance to $400 million.
Siena Lending Group provided a $25 million asset-based revolving line of credit for Pelican Energy Partner’s acquisition of Vault Pressure Control.
Commercial Finance Association Announces Name Change Seventy-Four-Year-Old Trade Association Rebranding as Secured Finance Network
During its 74th Annual Convention in San Diego, the Commercial Finance Association announced it will rebrand in 2019 as Secured Finance Network.