Siena Lending Group LLC (“Siena”) announces the completion of a three-year asset based revolving credit facility for Mill Creek Entertainment LLC (“Mill Creek”) to provide additional working capital for the business.
Located in Minnetonka, MN, Mill Creek is an entertainment industry leading provider of value-priced DVD and Blu-Ray features and compilations. Content include: movies, television series, children's programming, and special-interest compilations with products ranging from contemporary and classic films to documentaries.
Robert Zakheim, CEO and President of Mill Creek, said, “As product inventory is a substantial component of serving our robust customer base, we are very pleased with the flexibility that Siena offered Mill Creek in helping us to establish an enhanced credit facility to help facilitate our growth”.
Nick Payne, Senior Vice President of Siena Lending Group, said, “We are very pleased to provide the credit facility to Mill Creek Entertainment to support their continued growth initiatives. We worked closely with Robert and his leadership team to provide a flexible solution that was delivered within a short timeframe.”