Siena Lending Group LLC Provides $125 Million of $450 Million Credit Facility to Retailer

Siena Lending Group LLC (“Siena”), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured revolving credit facility, in which Siena partnered with Eclipse Business Capital as co-lender and co-documentation agent.

The credit facility is secured by accounts receivable and inventory. The transaction refinanced the retailer’s existing credit facilities and provided additional liquidity for working capital purposes.

The transaction underscores Siena Lending Group's commitment to providing customized financing solutions to privately held and publicly traded middle-market companies across a variety of industries.

Eclipse Business Capital served as the lead agent for the overall $450 million senior secured revolving credit facility.

Siena Lending Group LLC (“Siena”), a leading provider of asset-based lending solutions, is pleased to announce the closing of a new senior secured revolving credit facility, in which Siena partnered with Eclipse Business Capital as co-lender and co-documentation agent.

The credit facility is secured by accounts receivable and inventory. The transaction refinanced the retailer’s existing credit facilities and provided additional liquidity for working capital purposes.   

The transaction underscores Siena Lending Group's commitment to providing customized financing solutions to privately held and publicly traded middle-market companies across a variety of industries.

Eclipse Business Capital served as the lead agent for the overall $450 million senior secured revolving credit facility.

About Siena Lending Group:

Siena Lending Group is a leading asset based lender providing financing solutions from $20 to $500 million across the United States and Canada. Siena provides senior secured solutions to privately held middle-market companies and publicly traded industry leaders across most sectors and 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 patience and perspective to help them work through challenges and achieve their long-term visions.

Siena is a portfolio company of Franklin BSP Capital Corporation, 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 www.sienalending.com or contact a Siena team member.