As part of its manufacturing repositioning and business transformation strategy, FreightCar America obtained a new asset-backed credit facility with a maximum aggregate principal amount of up to $20 million, subject to a borrowing base, with Siena Lending Group as lender.
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.
TransAct Technologies entered into a new $10 million asset based revolving credit facility, replacing the company’s existing $20 million credit facility. According to a related 8K filed with the SEC, Siena Lending Group is providing the $10 million revolving line of credit.
Siena Lending Group has surpassed $1 billion in closed credit facilities with the completion of a $25 million asset-based revolving credit facility for an integrated packaging company headquartered in California.
Siena Lending Group closed a three-year $9 million revolving credit facility for the subsidiaries of Interactive Health, Human Touch and Relax the Back.