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 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.
Ares Commercial Finance led the financing of a $210 million senior secured cross-border revolving line of credit for MicroStar Logistics, a portfolio company of Freeman Spogli.
Siena Lending Group has donated to multiple food pantries and soup kitchens across the United States in 2021, providing more than 220,00 meals to individuals and families who are food insecure.
Siena Lending Group completed a three-year asset-based revolving credit facility for a family‐owned and operated biodiesel producer. The facility consists of a $50 million revolver and an $8.2 million term loan.
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.
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.