Siena Lending Group closed a $78 million senior secured credit facility with an alcoholic beverage producer and distributor. The loans are being used to provide additional capital to refinance existing debt and support future growth opportunities.
The Company produces and sells distilled spirits and ready-to-drink cocktails on a private label and contract manufacturing basis, as well as a full line of its own branded products. Privately owned by the founding family for over 70 years, the Company was seeking a financing partner that could provide a flexible solution with added liquidity to complete its turnaround and support new operating initiatives.