Legacy Corporate Lending closed a $19.4 million asset-based revolving line of credit for Olli Salumeria (“Olli”). 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.
 
Based in Oceanside, California, Olli is a leading supplier of salumi products. For over 170 years, Olli has used the skills passed down over four generations to perfect the art of curing meat, delivering an authentic Italian experience to its customers. Olli uses only the purest ingredients, 100% vegetarian-fed pork with no antibiotics nor added nitrates, in its preservative free, clean label products.
 
“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,” said Clark Griffith, Chief Executive Officer of Legacy. “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” said Tim Goldsmid, Chief Executive Officer of Olli. “We look forward to our continued growth under our new partnership with Legacy, which positions our business well for further success.”
 
Launched in May 2023 in partnership with Bain Capital Credit, L.P., Legacy provides revolving credit facilities and term loans to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market.