TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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July 10, 2023
Source: Siena Lending Group LLC
Siena Lending Group LLC ("Siena") announces the completion of a $35.0 million revolving credit facility for Nutritional. The facility was used to refinance Nutritional’s existing senior debt and support their working capital needs.
Nutritional, founded in 1978, manufactures and distributes nutritional supplements and natural body care products under their own brands as well as vendor brands. In total, the company has over 350 brands that are sold nationally through large retailers, small independent retailers and through e-commerce.
Stephen Fuscaldo, Managing Director of Siena, said, “Siena is very pleased to be able to provide the financing for Nutritional. The financing will afford Nutritional more liquidity so they can focus on their growth strategy.”
The CEO and owner of Nutritional, said, “Siena really came through for us. They demonstrated a high level of professionalism and were able to close the transaction on a timely basis. We look forward to partnering with them going forward.”
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. We operate across most industry sectors and provide 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 Healthcare Finance, a specialized division of Siena, is dedicated exclusively to providing financing within the healthcare sector.
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.
