Siena Lending Group LLC (“Siena”) announces the completion of a three-year $5 million asset based revolving credit facility for Halo, Purely for Pets, Inc. ("Halo"). The facility will be used to support the company's working capital and to expand their distribution system.
Halo, founded in 1986, is a pet food company based in Tampa, FL and is majority-owned by a fund managed by private equity firm Pegasus Capital Advisors ("Pegasus"). Halo manufactures natural, high-end pet food, formulated with real meat instead of grain, emphasizing quality, taste, and nutrition for pets. Products are sold nationally through various distribution channels including e-commerce sites, large retailers, and independent pet supply retailers.
Scott Elliotto, Director of Siena Lending Group, said, "We are pleased to have the opportunity to work with another Pegasus company and Halo's strong management team, and look forward to Halo's future growth and success."