Siena Lending Group announced the closing of a $35 million credit facility with Charah Solutions, Inc., a leading provider of mission-critical environmental services and by-product recycling to the power generation industry.  The new two-year credit facility was utilized to refinance existing debt as well as to provide additional working capital to support the Company's growth.

Commenting on the Company’s new and expanded debt facility, Matthew Sutton, Charah’s Chief Executive Officer and President, said “Siena was creative in being able to structure a facility that met our needs and at the same time comply with existing debtholder requirements. Siena was extremely professional and a pleasure to work with.”

“Charah is a very well-run company, and we were fortunate to be given the opportunity to finance a market leader in the environmental services space,” said Stephen Fuscaldo, Siena’s Managing Director. “Our group at Siena feels very proud that we can support a company that has such a positive effect on our environment.”
 
Scott Elliotto, President of Siena, comments that "this was a great example of Siena putting in the effort to understand the operations and assets of a business, and developing solutions to maximize liquidity. We look forward to working with this experienced management team and strong ownership group."