- Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank
- Huntington Business Credit Closes $53.5 Million in New Credit Facilities with Mol-Son
- Dye & Durham Announces Marketing of New Credit Facility
- Tradewind Finance Adds EUR 35 Million Factoring Facility for Steel Manufacturer in Europe, Funds Largest Single Shipment To Date
- Prestige Capital Supports the New Owners of a New York-based Construction and Design Firm with $12,000,000 in Funding
Siena Lending Group LLC Announces The Closing of $76 Million in New Credit Facilities During the Fourth Quarter of 2019
January 22, 2020
Source: Siena Lending Group LLC
Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions. The healthcare facilities include a pharmaceutical distributor as well as a provider of skilled nursing services. Non-healthcare transactions include a distributor of OCTG pipes, a provider of commercial landscape and maintenance services, a manufacturer and retailer of ergonomic massage chairs, and a distributor of grocery and sundry items for the convenience store market. The transactions covered our national footprint and ranged from California to New Jersey, including the Midwest and Southeast. The companies were either private equity sponsor-owned, family-owned, or partnerships.
David Grende, CEO of Siena, said, “It was a busy quarter for us. It was great to see Siena Healthcare Finance, which we launched in September, off to a strong start, closing two deals alone worth $32.5 million. We are excited to carry the momentum from the end of 2019 into 2020 and make it the strongest year in our history.”
About Siena Lending:
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 any 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 www.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member.
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