Siena Lending Group LLC (“Siena”) announces the completion of a three-year asset based revolving and term loan credit facility for Texas Die Casting, LLC (“TDC”), a leading precision high-pressure aluminum die casting company servicing the automotive, appliance, and electronics industries. The refinance was completed to provide additional working capital to the company to help drive the continued growth of the business. Founded in 1984, and strategically located in Gladewater, TX, TDC’s operations include drilling, tapping, turning, boring, milling, sanding, shot blasting and vibratory finishing to the exact specifications of their impressive client base.
Pat Burke, Controller at TDC, said, “From the very start of the process to the finish we were extremely impressed with the professionalism and speed with which the Siena team performed the refinance of our credit facility. Nick Payne and his team have my whole-hearted endorsement.”
“We are thrilled to partner with Pat and the rest of the management team to support a company with such a track record as strong as that of Texas Die Casting,” said Nick Payne, Director of Siena Lending Group. “We have been inspired by the vigor of their leadership and the overwhelming support of an energetic ownership group. We look forward to a long-term relationship with Texas Die Casting.”