Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls (“DelVal”) to refinance their existing senior debt and to provide additional working capital for the business.
Located in Geismar, LA, DelVal proudly presents a range of world-class flow control valves and valve automation products produced with one simple goal in mind – “Customer Benefit.”
Chip Lee, CEO of DelVal Flow Controls, said, “This strategic relationship with Siena will help us expand our business in North & South America. We look forward to working with Siena for many years to come as they help us achieve our mission of becoming the preferred brand for flow control products throughout the world.”
Nick Payne, Senior Vice President of Siena Lending Group, said, “Our team is delighted to provide this credit facility to DelVal to support their execution of several strategic objectives. We worked succinctly with Chip and his team to provide an innovative solution that was delivered within the time frame specified by both the company and its shareholders.”