Santander Bank‘s Corporate and Commercial Banking division has closed a $10 million senior secured revolving line of credit with OL International, an ocean and airfreight cargo transportation provider.
Michael Grande, senior vice president at Santander, commented, “OL International has a proven track record of providing sophisticated transportation solutions to clients all over the world. As a local bank with a global presence, we understand the nuances of doing business overseas and can help international companies like OL International navigate through the intricacies of working in different countries. By understanding our clients’ specific businesses and financial goals, we can create tailored solutions to help them grow their companies and better serve their customers.”
“Santander’s expertise of the global supply chain combined with its diverse global capabilities resulted in a comprehensive solution to our financing needs,” said OL International CEO Alan Baer. “We are excited to continue our growth by providing services that are essential for businesses that operate within a complex trade environment.”
Westbury, NY-based OL International is owned by Headhaul Capital Partners, a transportation and logistics-focused private equity firm based in New York.
