Siena Lending Group LLC (“Siena”) announces the completion of a new asset-based revolving credit facility for Doodad Printing, LLC (“Doodad”). The proceeds will be used to repay existing debt and provide the business with additional working capital to fund the company's operations and growth.
Doodad, headquartered in Austell, Georgia, is a portfolio company of Chicago-based private equity firm, Waveland Investments, LLC. Doodad is a leading provider of time-sensitive, multi-versioned printed advertising products for distribution to consumer households, reaching consumers via direct mail and shared mail as well as through inserts in coupon booklets and newspapers. The company is highly differentiated from its competitors based on their quick turnaround and short-run focus, catering to the specialized advertising needs of local businesses.
Meghan Otis, a Partner of Waveland Investments, said, “We are excited to work with Siena. From the start of our discussions, they have been responsive and supportive and we look forward to our partnership together.”
Nick Payne, Director of Siena, said, “We are thrilled to support Waveland Investments on the refinancing of one of their portfolio companies. The leadership at Doodad was responsive and expeditious which allowed us to respond quickly with a solution. Meghan and her team demonstrated their commitment throughout and were a pleasure to work with.”
About Waveland Investments:
Waveland is a Chicago based private investment partnership focused on the lower middle market companies. Waveland was founded in 2000.