Siena Lending Group Announces Credit Facility Increase to $575MM

Siena Lending Group LLC ("Siena"), a leading independent asset-based lending company, today announced it has increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year where they closed over $565 million in facilities across 20 relationships.

“We are very excited and proud of our results in 2021,” said David Grende, Siena’s President and CEO. “The last few years were transformative for many of us, including Siena. We saw our deal size increase significantly over the years as well as our national footprint expanding with additional hires and new client relationships. This achievement would not have been possible without the continued hard work and dedication of our team, and the support from Wells Fargo and the bank group participating in the transaction. As always, we strive to uphold our promise to our clients and to deliver on our commitment to crafting flexible financing solutions for middle-market businesses.”

“Wells Fargo is pleased to work with Siena and provide additional capital to help support their continued growth,” said Stewart Hayes, Managing Director in the Lender Finance division of Wells Fargo Commercial Capital. “Wells Fargo values our relationship with Siena and we appreciate their dedication to serving middle-market clients.”

About Siena Lending Group:

Siena Lending Group is a leading asset-based lender providing financing solutions up to $100 million to clients across sectors, ranging from small, privately held middle-market companies to publicly traded industry leaders. In addition to working directly with corporate clients, Siena has 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 servicing companies 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. For more information, visit www.sienalending.com or www.sienahealthcarefinance.com or contact a Siena team member.