Siena Honored with M&A Advisor’s Turnaround Award

Siena Lending Group LLC ("Siena") is proud to be an honoree in the 15th Annual Turnaround Awards, which recognize achievements in the distressed investing and reorganization industry. The awards, sponsored by The M&A Advisor, were presented at a gala dinner in late September.

Siena received the "Refinancing of the Year" award 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. The Arandell acquisition was Saothair's first as a private equity firm focusing on the lower middle market—a transaction that helped preserve over 500 jobs during a global pandemic.

"It is truly an honor to be recognized by the M&A Advisor for our team's hard work and dedication during an historically challenging time," said David Grende, President and CEO of Siena. "Siena has been proud to help our clients—including many with private equity sponsors—successfully execute on their business plans over the past 18 months, despite the significant hurdles facing most industries."

Siena congratulates Harney Partners on sharing in the award as financial advisor to Arandell.

About Siena Lending Group

Siena Lending Group is a leading asset-based lender providing financing solutions up to $100 million to clients across sectors, ranging from small, privately held middle-market companies to publicly traded industry leaders. In addition to working directly with corporate clients, Siena has earned a reputation as a trusted financing partner to private equity firms and other financial sponsors. Since 2012, Siena has consistently found creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients know Siena brings the patients and perspective to help them work through challenges and achieve their long-term visions. Siena Healthcare Finance, a specialized division of Siena, is dedicated exclusively to servicing companies within the healthcare sector. Siena is a portfolio company of Business Development Corporation of America, an affiliate of Benefit Street Partners L.L.C. ("BSP"). BSP, a leading credit-focused alternative asset management firm, is a wholly-owned subsidiary of Franklin Resources, Inc. For more information, visit wwww.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member.