TSL Express Daily News

Siena Lending Group LLC (“Siena”) today announced an increase and extension to its senior credit facility with Wells Fargo Capital Finance to $850 million. The amendment also includes an accordion of $100 million. Siena is a leading independent asset-based lending business, supporting middle market companies with credit facility requirements of $10-$100MM. Siena operates nationwide throughout the U.S. and Canada.

“We greatly appreciate the continued support from Wells Fargo and the 14-bank syndicate,” said Scott Elliotto, President. “This increase provides additional capital to serve the unique needs of our middle market borrowers, and the ongoing growth and success of our business.”

Stewart Hayes, Managing Director at Wells Fargo Capital Finance shared, “We value our 11-year relationship with Siena, and are pleased to support them with the capital they need as they continue to grow.”

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.

For more information, visit www.sienalending.com or contact a Siena team member.