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Siena Lending Group Closes $27.5 Million Asset-Based Credit Facility for Pure Safety Group
February 12, 2025
Source: Siena Lending Group LLC
Siena Lending Group LLC ("Siena"), a leading asset-based lending company, is pleased to announce the closing of a $27,500,000 asset-based credit facility for Pure Safety Group (“PSG”), a global leader in fall protection equipment and safety solutions. The credit facility will provide PSG with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.
Headquartered in Houston, Texas, PSG is dedicated to protecting workers through innovative safety equipment and solutions. PSG’s extensive product portfolio includes harnesses, lanyards, anchors, and engineered fall protection systems designed to meet the highest safety standards across diverse industries. With a commitment to innovation and safety, PSG serves a wide range of sectors, including construction, energy, utilities, and manufacturing.
Chris Zanone said, "As the Chief Financial Officer of Pure Safety Group, I am delighted to announce the opening of our new ABL facility in partnership with Siena Lending. This facility is a testament to our commitment to innovation and operational excellence. By leveraging Siena's advanced solutions and financial expertise, we are poised to enhance our supply chain efficiency and achieve significant cost savings. This facility will provide us with the financial flexibility to invest in future growth opportunities, ensuring we continue to deliver exceptional value to our stakeholders. We look forward to a successful and productive collaboration with Siena."
“We are excited to partner with Pure Safety Group and support their mission of delivering best-in-class safety solutions to customers worldwide,” said Suzanne Lovett, Director of Southwest Originations for Siena Lending Group. “This credit facility underscores Siena’s ability to deliver flexible and customized financing to meet the unique needs of our clients.”
This latest transaction reflects Siena’s continued focus on empowering companies across industries with the financial tools needed to succeed.
About Siena Lending Group:
Siena Lending Group is a leading asset-focused lender providing financing solutions from $10 to $100 million across the United States and Canada. Siena operates across most industry sectors and provides senior secured solutions to privately held middle-market companies and publicly traded industry leaders. Siena has also 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 Lending 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.
Headquartered in Houston, Texas, PSG is dedicated to protecting workers through innovative safety equipment and solutions. PSG’s extensive product portfolio includes harnesses, lanyards, anchors, and engineered fall protection systems designed to meet the highest safety standards across diverse industries. With a commitment to innovation and safety, PSG serves a wide range of sectors, including construction, energy, utilities, and manufacturing.
Chris Zanone said, "As the Chief Financial Officer of Pure Safety Group, I am delighted to announce the opening of our new ABL facility in partnership with Siena Lending. This facility is a testament to our commitment to innovation and operational excellence. By leveraging Siena's advanced solutions and financial expertise, we are poised to enhance our supply chain efficiency and achieve significant cost savings. This facility will provide us with the financial flexibility to invest in future growth opportunities, ensuring we continue to deliver exceptional value to our stakeholders. We look forward to a successful and productive collaboration with Siena."
“We are excited to partner with Pure Safety Group and support their mission of delivering best-in-class safety solutions to customers worldwide,” said Suzanne Lovett, Director of Southwest Originations for Siena Lending Group. “This credit facility underscores Siena’s ability to deliver flexible and customized financing to meet the unique needs of our clients.”
This latest transaction reflects Siena’s continued focus on empowering companies across industries with the financial tools needed to succeed.
About Siena Lending Group:
Siena Lending Group is a leading asset-focused lender providing financing solutions from $10 to $100 million across the United States and Canada. Siena operates across most industry sectors and provides senior secured solutions to privately held middle-market companies and publicly traded industry leaders. Siena has also 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 Lending 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.
