Santander Bank provided a $25 million senior-secured revolving line of credit to The Tuna Store, a subsidiary of Tri-Marine US Holdings. Proceeds of the facility will be used to support the company’s growing business in premium private label and branded tuna products.

“This transaction showcases our capabilities as a leading seafood lender across the U.S. and our commitment to expanding our seafood portfolio,” said Albert Spada, managing director and head of asset-based lending at Santander. “The success Santander has had with The Tuna Store underscores our leadership in providing creative solutions for companies in the seafood industry.”

He added, “The closing of the Tuna Store [transaction] is a significant accomplishment within our asset-based lending portfolio as it demonstrates the group’s ability to support a variety of clients and transactions.”

Bellevue, WA-based The Tuna Store is an international distributor of canned, pouched and frozen tuna. Tri-Marine is one of the largest tuna suppliers in the world and TTS is responsible for the sales and marketing of private label and branded products to retail, wholesale and foodservice channels throughout the U.S., Canada and Japan.