Siena Lending Group LLC Announces the Closing of a New Revolving Credit Facility for Doodad Printing, LLC

Siena Lending Group LLC (“Siena”) announces the completion of a new asset-based revolving credit facility for Doodad Printing, LLC (“Doodad”). The proceeds will be used to repay existing debt and provide the business with additional working capital to fund the company's operations and growth.  

Doodad, headquartered in Austell, Georgia, is a portfolio company of Chicago-based private equity firm, Waveland Investments, LLC. Doodad is a leading provider of time-sensitive, multi-versioned printed advertising products for distribution to consumer households, reaching consumers via direct mail and shared mail as well as through inserts in coupon booklets and newspapers. The company is highly differentiated from its competitors based on their quick turnaround and short-run focus, catering to the specialized advertising needs of local businesses.

Meghan Otis, a Partner of Waveland Investments, said, “We are excited to work with Siena. From the start of our discussions, they have been responsive and supportive and we look forward to our partnership together.” 

Nick Payne, Director of Siena, said, “We are thrilled to support Waveland Investments on the refinancing of one of their portfolio companies. The leadership at Doodad was responsive and expeditious which allowed us to respond quickly with a solution. Meghan and her team demonstrated their commitment throughout and were a pleasure to work with.”  

About Waveland Investments:

Waveland Investments is a Chicago based private investment partnership focused on the lower middle market companies.  Waveland was founded in 2000.

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 provides financing solutions to companies across a broad spectrum of industries. Siena Healthcare Finance, a specialized division of Siena, is dedicated solely to serving companies within the healthcare sector. Siena is a portfolio company of Business Development Corporation of America, an affiliate of Benefit Street Partners LLC. For more information, visit sienalending.com or sienahealthcarefinance.com or contact a Siena team member.