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The Secured Lender

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January 6, 2025

Source: Legacy Corporate Lending, LLC

PLANO, Texas – January 6, 2025 – Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced closing of 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.

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About Legacy Corporate Lending

Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy Corporate Lending is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.

About Olli Salumeria

Olli Salumeria is an emerging premium cured meats producer based in Southern California. Olli Salumeria was founded in 2010 by Oliviero Colmingio, a fourth-generation salami maker whose family roots in the business trace back to the 1850s in Norcia, Italy, and the Fiorucci Company. Olli Salumeria sells snacks, pre-sliced, chubs, and antipasto under its Olli and Gusto brands to various retailers including Whole Foods, Albertsons, Kroger, Publix, Hungry Root, and many more. To learn more visit www.olli.com

Media Contacts:

Scott Lessne / Thomas Conroy
Stanton
slessne@stantonprm.com / tconroy@stantonprm.com
(646) 502-3569 / (646) 502-9006