Siena

Inseego Voluntarily Pays-off and Terminates Asset-Backed Loan Facility to Improve Capital Structure Flexibility and Meaningfully Reduce Financing Costs

Retrieved on: 
Thursday, April 18, 2024
Mobile, Wireless, Technology, Finance, 5G, Telecommunications, Professional Services, Software, Internet, Hardware, Data Management, Loan, Siena, ABL, Participation, Tavistock Group, Senior, Luigi, Security, Bank

During 2023, for example, the Company incurred interest expense and fees related to the ABL Facility of $1.9 million.

Key Points: 
  • During 2023, for example, the Company incurred interest expense and fees related to the ABL Facility of $1.9 million.
  • With the pay-off and termination of the ABL Facility, the Company will have no loan balance outstanding and incur no interest expense under the facility going forward; further, the lien on all of the Company’s assets associated with the ABL Facility will be released.
  • During the week of April 15, 2024, the Company notified Siena and paid the outstanding balance and related termination fees on the ABL Facility of approximately $3.0 million.
  • James Avery, a member of the Company’s Board of Directors, currently serves as Senior Managing Director of Tavistock Group, an affiliate of South Ocean Funding, LLC.

KBRA Assigns Ratings to Franklin BSP Capital Corporation

Retrieved on: 
Tuesday, February 6, 2024
Professional Services, Finance, Risk management, JV, Mergers and acquisitions, Post road, FV, Environment, Outlook, KBRA, Investment, LTV, BDC, Siena, Positive, Security (finance)

In connection with the BDC merger described below, KBRA withdraws the BBB- issuer and senior unsecured debt ratings of Franklin BSP Lending Corporation ("FBLC") and assigns BBB- issuer and senior unsecured debt ratings to Franklin BSP Capital Corporation ("FBCC").

Key Points: 
  • In connection with the BDC merger described below, KBRA withdraws the BBB- issuer and senior unsecured debt ratings of Franklin BSP Lending Corporation ("FBLC") and assigns BBB- issuer and senior unsecured debt ratings to Franklin BSP Capital Corporation ("FBCC").
  • FBLC, which KBRA has rated since 2015, was a non-listed BDC with a $2.8 billion investment portfolio at fair value (FV), as of September 30, 2023.
  • There is no change to FBCC’s Adviser, Franklin BSP Capital Adviser L.L.C, and the underlying strategy remains the same.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .

Siena College and Gilbane Building Company Celebrate Construction Kickoff With Groundblessing Ceremony

Retrieved on: 
Tuesday, June 27, 2023
Senior, Education, Mission, Siena College, Siena, Gilbane Building Company, Science, Student, Faculty, Dawn of Destiny, Interior design, Management

LOUDONVILLE, N.Y., June 26, 2023 /PRNewswire-PRWeb/ -- Siena College and Gilbane Building Company today jointly hosted a groundblessing ceremony to celebrate the start of construction on an expanded, state-of-the-art science complex at Nobel Hall.

Key Points: 
  • Work Begins on Nobel Hall Science Center Expansion; Construction to Be Completed In 2025
    LOUDONVILLE, N.Y., June 26, 2023 /PRNewswire-PRWeb/ -- Siena College and Gilbane Building Company today jointly hosted a groundblessing ceremony to celebrate the start of construction on an expanded, state-of-the-art science complex at Nobel Hall.
  • Father Mark Reamer, VP of Mission at Siena College, blessed water distributed over the site by the Shaker Road Fire Department.
  • For Siena, the transformative project is step toward its goal of becoming the region's premier college for the hard sciences.
  • "This is an incredibly exciting day as we celebrate the start of construction for Siena College's new state-of-art science complex," said John LaRow, Senior Vice President, Gilbane Building Company.

SIENA AND ST. BONAVENTURE TO LAUNCH NEW NATIONAL SPORTS FANSHIP SURVEY

Retrieved on: 
Wednesday, February 1, 2023
Siena College Research Institute, University, Bowl game, Health, Research, Super Bowl, Sport, Siena, Public opinion, Communication, St. Bonaventure University, Nursing

LOUDONVILLE, N.Y., Feb. 1, 2023 /PRNewswire/ -- The Siena College Research Institute and St. Bonaventure University's Jandoli School of Communication today announced the launch of a new nationwide "American Sports Fanship Survey."

Key Points: 
  • LOUDONVILLE, N.Y., Feb. 1, 2023 /PRNewswire/ -- The Siena College Research Institute and St. Bonaventure University's Jandoli School of Communication today announced the launch of a new nationwide "American Sports Fanship Survey."
  • More than 3,200 people participated in the survey, which was conducted between Jan. 3-8, 2023.
  • The American Sports Fanship Survey marks the first research collaboration between these two Franciscan academic institutions.
  • "Sports are a dominant cultural force and this survey reveals numerous important insights," said Aaron Chimbel, dean of the Jandoli School.

SkyWater Technology Expands Borrowing Capacity by Closing New $100 Million Senior Secured Revolving Credit Facility

Retrieved on: 
Wednesday, January 4, 2023
Technology, Other Professional Services, Automotive Manufacturing, Aerospace, Manufacturing, Finance, Professional Services, Defense, Other Technology, Software, Contracts, Other Manufacturing, Electronic Design Automation, Semiconductor, SkyWater Technology, Growth, Partnership, Siena, Wells Fargo, Bank

SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the signing of a new $100 million three-year senior secured revolving credit facility that expands the company’s available borrowing capacity.

Key Points: 
  • SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the signing of a new $100 million three-year senior secured revolving credit facility that expands the company’s available borrowing capacity.
  • The new credit facility contains an accordion feature that allows the company to increase the size of the facility by up to $30 million, subject to certain conditions, for a total potential borrowing capacity of up to $130 million.
  • The facility was jointly arranged by Siena Lending Group LLC (“Siena”) and Great Rock Capital (“Great Rock”), leading asset-based lending companies.
  • Concurrently with the closing of the new facility, SkyWater terminated its existing senior credit facility with Wells Fargo.

Siena Analytics joins Splunk Partnerverse to Build Applications that Provide Real-Time Visibility into Warehouse Operations

Retrieved on: 
Wednesday, October 12, 2022
Organization, GLOBE, Workflow, AI, Big data, Growth, CEO, Siena, Partnership, Artificial intelligence, Warehouse, Medical device, Splunk

Through this partnership, Siena is able to build powerful applications for supply chain operations that improve data accessibility, enable simple monitoring of inventory, and share business insights.

Key Points: 
  • Through this partnership, Siena is able to build powerful applications for supply chain operations that improve data accessibility, enable simple monitoring of inventory, and share business insights.
  • Siena Insights, built on the Splunk Enterprise platform, will utilize the company's observability and data monitoring capabilities to develop applications that provide customers with greater visibility into their warehouse operations by leveraging images and data.
  • In todays economic climate, gaining real-time visibility into warehouse operations is more important than ever, said John Dwinell, Founder and CEO of Siena Analytics.
  • The Partnerverse program helps Splunk partners deliver value to customers and accelerate their own growth, while expanding the Splunk partner practice.

Smart, Omnispace team-up to explore space-based 5G technologies

Retrieved on: 
Wednesday, August 17, 2022
Multimedia, Digital divide, Industry, NTN, Population, Technology strategy, IOT, Telecommunication, LEO, Hertz, Communication, Government, 3GPP, TNT, View, Program, Transformation, Smart Communications, LTE, Filipino, PLDT, Siena, Technology, Weather, LinkedIn, Smart, Communications satellite, Television, Mobile phone

"This is also part of PLDT's broader initiatives to future-proof our services, including Smart 5G.

Key Points: 
  • "This is also part of PLDT's broader initiatives to future-proof our services, including Smart 5G.
  • This includes exploring opportunities to team up with companies like Omnispace, to test the interoperability of our network with their 3GPP-compliant5G non-terrestrial network (NTN), which will support the 5G ecosystem of the future," Siena added.
  • Having launched Omnispace Spark-1 and Spark-2 in April and May, respectively, the company recently completed the deployment phase of "Omnispace Spark."
  • The Omnispace 5G NTN global network will interconnect with terrestrialor land-basedmobile networks to serve mobile subscribers utilizing the company's 2 GHz mobile satellite spectrum allocation and operating in 3GPP band n256.

Sole Source Capital Portfolio Company Peak Technologies Acquires Siena Analytics

Retrieved on: 
Tuesday, July 19, 2022
Technology, Transport, Business, Professional Services, Software, Data Analytics, Logistics, Supply Chain Management, Data Management, Artificial Intelligence, Avalon, Microsoft Network Monitor, CEO, Acquisition, AIDC, Solution, Siena, Technology, Heart, A.I, Software, Automatic identification and data capture, Industry, Company, Efficiency, Deep learning, Multisourcing, Intelligence, Bank, Warehouse

Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading system integrator in the Automatic Identification and Data Capture (AIDC) market, has acquired Siena Analytics.

Key Points: 
  • Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading system integrator in the Automatic Identification and Data Capture (AIDC) market, has acquired Siena Analytics.
  • The acquisition marks Sole Source Capitals 16th investment in the AIDC industry, and the eighth add-on acquisition for Peak Technologies since Sole Source acquired the company in 2021.
  • The acquisition of Siena Analytics adds a critical proprietary logistics software solution to the Peak Technologies portfolio that will help customers address visibility and automation issues affecting all supply chain businesses.
  • Headquartered in Franklin, MA and founded in 2013, Siena Analytics is a provider of supply chain and logistics analytics software and artificial intelligence solutions.

Glaukos Technologies Featured in Numerous Scientific Abstracts at the 2021 European Society of Cataract and Refractive Surgeons Annual Meeting

Retrieved on: 
Thursday, October 7, 2021
Health, Medical Devices, Surgery, Research, Science, Pharmaceutical, Optical, Retina, Small incision lenticule extraction, Standard of care, Cataract, Patient, GKOS, Doctor of Philosophy, Siena, Rerun, Physician, Industry, Glaucoma, SEC, European Society for Medical Oncology, Relex, MD, Standard, U.S. Securities and Exchange Commission, Extra, Glaucoma surgery, CURV, Moderate, Advanced Accelerator Applications, Security (finance), Effect, MIGS, Keratoconus, Corporation, Cross-link, NYSE, CEST, Trabecula, Quality of life, Technology, Annual general meeting, Pharmaceutical industry, Animal

The ESCRS annual meeting is among the largest global gatherings of anterior segment physicians, medical personnel and industry executives in the ophthalmic industry.

Key Points: 
  • The ESCRS annual meeting is among the largest global gatherings of anterior segment physicians, medical personnel and industry executives in the ophthalmic industry.
  • All educational content of the ESCRS annual meeting is planned by its program committee, and ESCRS does not endorse, promote, approve or recommend the use of any products, devices or services.
  • Glaukos ( www.glaukos.com ) is an ophthalmic medical technology and pharmaceutical company focused on novel therapies for the treatment of glaucoma, corneal disorders and retinal diseases.
  • The company pioneered Micro-Invasive Glaucoma Surgery, or MIGS, to revolutionize the traditional glaucoma treatment and management paradigm.

iMedia Announces New Lenders & Expanded $108.5 Million Debt Financing to Accelerate Growth

Retrieved on: 
Thursday, August 5, 2021
Company, Chief executive officer, TAFE Queensland, CA, BSP, Community business development corporation, Franklin Templeton Investments, ABL, Nasdaq, Siena, GLOBE, Bank

MINNEAPOLIS, Aug. 05, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (“iMedia” or the “Company”) (Nasdaq: IMBI) announces that on July 30, 2021, the Company closed on a new $108.5 million debt financing comprising a revolving credit facility from Siena Lending Group and a term note from GreenLake Asset Management.

Key Points: 
  • Commenting on the Companys new lending partners and expanded debt facility, Tim Peterman, CEO of iMedia Brands, said: Success is driven by strong partners who trust each other.
  • We at iMedia are fortunate to partner with Dave Grende, Sienas CEO, and Peter Chang, GreenLakes CEO.
  • These statements may contain information about our prospects, including anticipated show, event, or product line launches, and involve risks and uncertainties.
  • We caution that actual results could differ materially from those that management expects, depending on the outcome of certain factors.