Legacy Corporate Lending, an independent asset-based lending company focused on serving the needs of middle market companies across North America, closed a $19.4 million asset-based revolving line of credit for Olli Salumeria.
The facility will be used to support the company’s growing operations and working capital needs. The deal, which is backed by accounts receivable, inventory, machinery and equipment and intellectual property, was finalized in December 2024.
“We are delighted to continue to solidify our strength in lending to the food and agricultural industry by providing Olli with a credit facility that supports its growing business,” Clark Griffith, CEO of Legacy Corporate Lending, said. “We are extremely impressed with Olli’s passionate and knowledgeable management team and expert production capabilities and facilities.”
“Throughout the financing process, the Legacy team proved that they fully understood the unique needs of the food processing industry, and the investment flexibility essential to our business” Tim Goldsmid, CEO of Olli, said. “We look forward to our continued growth under our new partnership with Legacy, which positions our business well for further success.”
