Siena Lending Group completed a $45 million asset-based revolving line of credit for Gladiator Energy. The facility was provided to repay existing debt and to support the company’s growth initiatives.
Siena Lending Group completed a $50 million asset-based revolving line of credit to MD Helicopters, a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility and VIP mission profiles.
Siena Lending Group appointed Dillon Lounsbury as senior vice president of originations, to further strengthen its originations efforts.
Siena Lending Group completed a $50 million asset-based revolving line of credit for Inseego. The facility was provided to ensure the company is well-positioned to capitalize on expected growth in the 5G landscape.
Siena Lending Group appointed Bridget Anderson senior vice president of originations to further strengthen its originations efforts throughout the Midwest. Anderson joined Siena from PNC Business Credit.
Inseego closed on a $50 million senior debt facility with Siena Lending Group. Crown Partners served as exclusive financial advisor to Inseego in connection with this transaction.
Siena Lending Group Promotes Elliotto to Senior Managing Director and Schick to Head of Underwriting
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 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.