Siena Lending Group LLC (“Siena”) is pleased to announce the closing of a $78 million senior secured credit facility with an alcoholic beverage producer and distributor (the “Company”).  The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.

The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products.  Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.

TSL Express’ senior editor sat down with Tim Burniston, senior advisor, Regulatory Strategy for Wolters Kluwer Compliance Solutions to discuss the results of Wolters Kluwer’s Regulatory & Risk Management Indicator Survey. Burniston advises the Wolters Kluwer Governance, Risk, and Compliance executive leadership team and clients on emerging issues, legislative and regulatory developments, and regulatory strategy.

Now in its tenth year, the Indicator “takes the pulse” of the U.S. banking industry and is based on 10 different factors: compliance, regulatory environmental and risk management factors.  The Regulatory & Risk Management Indicator Survey was conducted between July 27-September 9, 2022, and received 328 responses. Survey respondents are primarily from smaller banks, savings and loan institutions and credit unions. Keeping pace with the volume, scope and breadth of regulatory changes topped the list of key concerns facing U.S. banks, credit unions, and other lenders. To learn more about the survey, click here.