Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC

Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”). The facility will be used to support the company’s working capital needs and continued growth.

Southwest Spirits, based in Dallas, is the third largest distillery in Texas and is owned by private equity firm Orox Capital Management, LLC (“Orox”).The company distills, bottles, blends, and sells its own brands including Nue Vodka, Title 21 Whiskey, Calamity Gin, and Henderson Whiskey, as well as white-label brands for key business partners. The company’s spirits are sold in 37 states and two countries.

Suzanne Lovett, Director of Siena, said, “From the moment I met the partners at Orox and Southwest’s management team, I wanted to be their financial services partner. Their strategy behind the acquisition, as well as their plan to build and grow equity brands, resonated with me. I look forward to growing our relationship with Southwest and Orox.”

Mark Martinson, Managing Partner at Orox Capital, said, “Southwest Spirits has exhibited tremendous growth since our initial purchase and closing this transaction is an important milestone for the company. We are excited to partner with Siena to enhance and support our continued expansion. Their middle-market lending focus, combined with their team’s understanding of Southwest’s business model, made them an ideal financing provider.”

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.

Orox Capital Management, LLC is a Dallas-based private equity firm focused on making opportunistic investments in middle-market companies. Orox typically invests in special situations, including structuring direct investments as well as secondary purchases of debt and equity securities in undervalued businesses. For more information about Orox, please visit www.orox.com.