Siena Lending Group completed 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.”