- Monroe Capital Provides $120 Million Senior Credit Facility to Infusion Therapy Business
- O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
- Star Group, L.P. Announces New Credit Facility
- Capital Southwest Announces New $150 MM Secured Credit Facility
- Fifth Third Bank Provides New $100 Million Senior Credit Facility for E-Commerce Retailer
Siena Lending Group LLC Announces The Closing of an $11.75 Million Credit Facility For Nilco Enterprises Inc. and Dial Lubricants, Inc.
August 1, 2019
Source: Siena Lending Group
Siena Lending Group LLC (“Siena”) announces the completion of an $11.75 million secured credit facility comprised of a senior secured asset-based revolving line of credit and term loans for Nilco Enterprises, Inc. and Dial Lubricants, Inc. (“Dial”). The facilities will be used to support the companies’ working capital needs and continued growth.
Dial, founded in 1996 and based in Dallas, Texas, is the preferred distributor of branded oils, lubricants, greases and fuels. Dial proudly represents products from top suppliers such as Citgo, Total, Phillips 66, Dow and Calumet. Dial’s warehouses and distribution network provides customers with on-time deliveries in Texas, New Mexico, Arkansas, and Oklahoma. The company also offers recycling services of used oil and filters through its Nilco Environmental Services division.
Suzanne Lovett, Director of Siena, said, “Eric has the character and integrity you wish for in every client – he is honest, hardworking, and a man of his word. I look forward to watching his companies' continued success and growing our relationship with him.”
Eric Nilsson, Chief Executive Officer of Dial, said, “Siena encouraged us and found solutions through any issues. Everyone showed patience when needed. I am very pleased with Siena’s customer service along with all of the supporting staff on both sides. We are excited for the future and the partnership with Siena Lending Group.”
About Siena Lending Group:
Siena Lending Group is a leading asset-based lender which serves middle-market companies looking for an alternative to traditional bank financing. Siena offers asset-based loans from $3 million to $35 million and consistently finds creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients can feel confident knowing Siena brings the patience and perspective to help them work through challenges and achieve their long-term visions. Siena is a portfolio company of Business Development Corporation of America, an affiliate of Benefit Street Partners LLC. For more information about Siena, please visit www.sienalending.com or contact a Siena team member.
In This Section