Press Releases

Press Releases

Press Releases

2017

July 2017

Finacity Facilitates a MXN 1.8 Billion Receivables Securitization for CEMEX, S.A.B. de C.V. and subsidiary

Finacity Corporation (“Finacity”) announces the successful launch of a trade receivables securitization for CEMEX, S.A.B. de C.V. [BMV: CEMEX CPO] and its subsidiary CEMEX Concretos, S.A. de C.V. ...

June 2017

Finacity and DZ Bank Facilitate a USD 155 Million Receivables Securitization for Alliance One International

Finacity Corporation (“Finacity”) and DZ Bank AG (“DZ Bank”) announce they have successfully launched a trade receivables securitization for Alliance One International [NYSE: AOI]. The facilit ...

May 2017

Votorantim Cimentos N.A. Securitization, Facilitated by Finacity, wins 2017 Treasury Today “Adam Smith Award” for Best Funding Solution

Treasury Today awarded Votorantim Cimentos N.A. (“VCNA”), a fully owned subsidiary of Brazilian headquartered Votorantim Cimentos S.A. (“VCSA”), with the 2017 “Adam Smith Award” for Best F ...

April 2017

Finacity Facilitates EUR 18 million of Trade Receivable Funding for Spain’s Deoleo, S.A.

Finacity Corporation (“Finacity”) today announced that it has facilitated a EUR 18 million non-recourse trade receivable funding program for Deoleo S.A. (“Deoleo”), a Spain-based leading globa ...

March 2017

Finacity wins a 2017 Deal of the Year Award from Trade Finance Magazine, a Euromoney Institutional Investor PLC Company

Trade Finance Magazine today awarded Finacity Corporation (“Finacity”) with a 2017 Deal of the Year Award for the Americas, related to a US$152 million IFRS off-balance sheet trade receivables sec ...

March 2017

Finacity and ING Facilitate up to $100 Million Receivables Securitization for C&W Services, part of Cushman & Wakefield

Finacity Corporation (“Finacity”) and ING Belgium SA/NV announce that they have successfully launched a trade receivables securitization for C&W Facility Services Inc. (“C&W Services”), a busi ...

March 2017

Finacity Facilitates MXN$1.43 Billion Future Flow Securitization for Mexican Firm Compañía Minera Autlán, S.A.B. de C.V.

Finacity Corporation (“Finacity”) announced that it has successfully launched a future flow receivables securitization for Compañía Minera Autlán, S.A.B. de C.V. [BMV: AUTLANB] (“AUTLAN”). ...

March 2017

Finacity Facilitates New Trade Finance Lines for Panama-Based Luzar Trading S.A.

Finacity Corporation (“Finacity”) today announced its successful sourcing of a $5 million USD trade finance line for Luzar Trading S.A., a Panama based trading house focused especially on the trad ...

February 2017

Finacity Facilitates KRW 280 Billion Senior Bonds and USD Equivalent of KRW 14 Billion Junior Bonds Future Passenger Ticket Receivables Securitization for Seoul Headquartered Asiana Airlines, Inc.

Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a KRW 280 billion senior bonds and USD equivalent of KRW 14 billion junior bonds future passenger ticket rece ...

January 2017

Finacity Hires Darren Davies as Managing Director, Origination for Finacity Capital Management

Finacity Corporation ("Finacity") announced today that Darren Davies has joined the company as Managing Director, Origination for Finacity Capital Management (“FCM”). Davies has had significant ex ...

2016

November 2016

$350 Million Container Shipping Receivables Securitization for Singapore Based Neptune Orient Lines, a CMA CGM Group company

Finacity Corporation (“Finacity”) and ING Belgium SA/NV announce that they have successfully launched a container shipping receivables securitization for Neptune Orient Lines (“NOL”), a Compan ...

October 2016

Finacity Facilitates MXN$525 Million IFRS Off-Balance Sheet Securitization for Valores Químicos, a subsidiary of CYDSA – Mexico

Finacity Corporation announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Valores Químicos, S.A. de C.V., a subsidiary of CYDSA, S.A.B. de C.V. [ ...

September 2016

Finacity Facilitates $25 Million of Trade Receivable Funding for CME Wire & Cable Inc, a subsidiary of Xignux

Finacity Corporation (“Finacity”) announced that it has facilitated a $25 million US trade receivable funding program for CME Wire & Cable, Inc. (“CME”), a Georgia based multinational supplier ...

June 2016

Finacity Facilitates $152 Million IFRS Off-Balance Sheet Securitization for VCNA, Part of Brazilian Headquartered Votorantim Group

Finacity Corporation (“Finacity”) announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). Th ...

May 2016

Finacity Facilitates USD 12 million Trade Receivables Securitization for Spain-Headquartered Ercros, SA

Finacity Corporation (“Finacity”) announced today that it has successfully launched a trade receivables securitization for Ercros S.A. (“Ercros”) [ECR.MC], a Spain-based producer of chemicals. ...

May 2016

Finacity facilitates renewal and amendment of the $700 million Global Trade Receivables Securitization Program on behalf of Bunge

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful renewal and amendment of a global trade receivables securitization program for Bunge Limited (NYSE:BG). The ...

January 2016

Finacity Arranges EUR 100 Million Receivables Securitization Facility for Germany Headquartered Papier Union and PMF Factoring

Finacity Corporation (“Finacity”) announced that it has successfully launched a combined receivables securitization program for Papier Union GmbH (“PapierUnion”) and PMF Factoring GmbH (“PMF ...

2015

December 2015

Finacity Facilitates EUR 5 million of Trade Receivable Funding for HYVA

Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 5 million European trade receivable funding program for Hyva Holding B.V. (“Hyva”), a Netherlands based multina ...

December 2015

Finacity Serves as Advisor on New General Financial Consumer Loan Origination Program and Facilitates $15 million of New Financing

Finacity Corporation (“Finacity”) is pleased to announce that it has served as advisor to a loan origination program recently closed between General Financial, Inc. (“General Financial”) of At ...

November 2015

Finacity Facilitates Expansion of Trade Receivable Funding Program to Include URSA’s Subsidiaries in the United Kingdom and Italy

Finacity Corporation (“Finacity”) announced today that it has facilitated the addition of two new tranches to an existing multicountry European trade receivable funding program that had been arran ...

November 2015

Finacity Arranges $100 million Trade Receivables Securitization Facility for ZIM Integrated Shipping Services

Finacity Corporation (“Finacity”) announced that it has successfully launched a multi-jurisdiction trade receivables securitization for ZIM Integrated Shipping Services Limited (“ZIM”), allowi ...

October 2015

Initially Capitalized with $50 million, Finacity Launches New Business to Fund Smaller Securitizations

Finacity Corporation (“Finacity”) is pleased to announce the formation of Finacity Capital Management (FCM), a new business designed to facilitate efficient processing of trade receivables as well ...

September 2015

Finacity Facilitates MXN$300 Million Inaugural Consumer Loan Securitization Program for DIMEX

Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated and will serve as ongoing Master Servicer for the MXN$300 Million inaugural consumer loan securitizati ...

September 2015

Jeff Gulbin, Finacity’s CFO, named 2015 CFO of the Year

Finacity Corporation (“Finacity”) is pleased to announce that Jeff Gulbin, the company’s Chief Financial Officer, has been named 2015 CFO of the Year (mid-size business category) by the Fairfiel ...

September 2015

Finacity and Wells Fargo Add Asian Originator to Trade Receivables Securitization Facility for The Manitowoc Company

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful addition of an Asian Originator to an existing trade receivables securitization for The Manitowoc Company, ...

May 2015

Finacity Receives Presidental Award for Export Service At a Ceremony in Washington, DC

U.S. Secretary of Commerce Penny Pritzker today presented Finacity Corporation (“Finacity”) with the President’s “E” Award for Export Service at a ceremony in Washington, DC. The President's ...

May 2015

Finacity Serves as Advisor and Reporting Administrator for $50 Million Government Receivables Funding Program

Finacity Corporation (“Finacity”) is pleased to announce that it has served as advisor and will serve as ongoing Reporting Administrator, for a new $50 Million government obligations only receivab ...

January 2015

Finacity Facilitates EUR 11.5 million of Trade Receivable Funding for Barcelona-Headquartered ERCROS, SA

Finacity Corporation (“Finacity”) announced today that it has facilitated a new EUR 11.5 million participation in a larger EUR 102 million syndicated factoring program for Ercros S.A. (“Ercros") ...

2014

December 2014

Finacity and Wells Fargo Increase Trade Receivables Securitization Facility for The Manitowoc Company to $185 Million

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful increase of an existing trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW). The $ ...

November 2014

NORD/LB and Finacity Arrange $880 Million Trade Receivables Securitization Facility for France Headquartered CMA CGM

Finacity Corporation (“FINACITY”) and Norddeutsche Landesbank Girozentrale (“NORD/LB”) announced that they have successfully launched a multi-jurisdiction trade receivables securitization for ...

November 2014

Finacity Facilitates $350 Million Receivable Securitization for Seoul Headquartered Korean Air Lines Company, Ltd.

Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a $350 million receivables securitization for Korean Air Lines Company, Ltd. (“KAL”). The securitization ...

October 2014

Finacity Appoints Judith S. Schrecker as a Board Director of the Company

Finacity Corporation (“Finacity”) announced today that it has appointed Judith S. Schrecker as a board director of the company. Schrecker recently retired as Chief Financial Officer of Alcoa’s G ...

September 2014

Finacity Announces Expanded Global Client Coverage

Finacity Corporation (“Finacity”), a leading provider of structured finance services, announced today that it has expanded its global client coverage with the engagement of Mr. David Viney. Viney, ...

September 2014

Finacity Facilitates $80 Million Three-Year Committed Supplier Financing

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing and funding of an $80 million supplier finance program on behalf of a US company. This revolving st ...

August 2014

Finacity Announces Annual Back-Up Servicing Volumes Exceed $40 Billion

Finacity Corporation (“Finacity”) announced today that it has been responding to the growing demand for back-up servicing in the trade accounts receivable finance arena. ...

August 2014

$55 Million Off-Balance Sheet (IFRS De-Recognition) Receivables Securitization Program for Greek Multinational Client

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing and funding of an innovative trade receivables securitization program for a Greece-headquartered mu ...

July 2014

Finacity Corporation Announces Expanded Coverage of Brazil

Finacity Corporation (“Finacity”) announced today that it has expanded its focus in Latin America, with particular emphasis on Brazil, with the engagement of Mr. Jayme Bulcão. Finacity believes t ...

July 2014

Finacity wins a 2014 Trade and Forfaiting Review Excellence Award

Finacity Corporation (“Finacity”) announced today that it has won a 2014 Trade and Forfaiting Review Excellence Award. Awards for Excellence are voted on by readers’ poll. ...

July 2014

€26 million Trade Receivable Funding for URALITA

Finacity Corporation (“Finacity”) announces today that it has facilitated a series of European trade receivable funding programs for Uralita S.A. (“Uralita”) (BME: URA), a Spain based multinat ...

June 2014

Finacity wins a “Trade Finance Award for Excellence 2014” from Trade Finance Magazine, Euromoney Institutional Investor

Finacity Corporation (“Finacity”) announced today that it has won a “Trade Finance Award for Excellence 2014” from Trade Finance Magazine, Euromoney Institutional Investor. Awards for Excellen ...

June 2014

Finacity Serves as Advisor on New CreditCircle Consumer Loan Origination Program

Finacity Corporation (“Finacity”) is pleased to announce that it has served as advisor to a loan origination program recently closed between CreditCircle, Inc. (“CreditCircle”) of Salt Lake Ci ...

May 2014

Finacity Closes Two New Asset-Based Loan Transactions

Finacity Corporation (“Finacity”) is pleased to announce that it has recently facilitated new asset-based loan (“ABL”) facilities for the US affiliates of two of its international corporate cl ...

May 2014

Finacity Announces the Launch of a US$ 15 Million Invoice Purchase Facility for a U.S. Nationwide Food Distributor

Finacity Corporation announced today that it had successfully arranged and structured a US$ 15 Million Invoice Purchase Facility for a leading US Nationwide Food Distributor. The Facility will be used ...

May 2014

Finacity Facilitates $100 million Trade Receivables Securitization on Behalf of Navistar International Corporation

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing of a trade receivables securitization program for Navistar International Corporation (“Navistar") ...

March 2014

Finacity Facilitates €280 million Global Trade Receivables Securitization on Behalf of Archer Daniels Midland Company

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing of a global trade receivables securitization program for Archer Daniels Midland Company (“ADM”) ...

2013

November 2013

Finacity Facilitates $1.185 Billion of Global Funding via Four Receivable Securitizations

Finacity Corporation (“Finacity”) has continued to actively support its clients with efficient receivable securitizations. New successful executions this past month include:$600 million multi-juri ...

November 2013

Finacity Announces the Launch of a $350 Million Global Freight Receivables Securitization Facility for Germany Headquartered Hapag-Lloyd Group

Finacity Corporation (“Finacity”) announces today that it has facilitated the successful launch of a new $350 million freight receivables securitization for Hapag-Lloyd Group (“Hapag-Lloyd”), ...

November 2013

Finacity Corporation Announces Successful MXN 1.2 Billion Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico

Finacity Corporation (“Finacity”) announced today the successful merging of two existing trade receivables securitizations for Vitro S.A.B. de C.V. (“Vitro”) (BMV:VITROA). The two programs, ea ...

April 2013

Finacity Expands Consumer Finance Platform

Finacity Corporation (“Finacity”) a leading provider of structured finance services, announced today that consumer asset backed securities expert Paul Jenison has joined the firm. Jenison, a forme ...

February 2013

Finacity wins Trade & Forfaiting Review “2012 DEAL OF THE YEAR”

Investing in Colombia has been getting more attractive - the country is the leader in Latin America, the fifth in the world in terms of investor protection (see TFR's 'Comeback Colombia at www.tfrevie ...

2012

October 2012

Finacity Facilitates the Syndication of a $250 million Receivables Purchase Facility for Trafigura AG

Finacity Corporation (“Finacity”) announced today its successful facilitation of a syndication of a $250 million Revolving Receivables Purchase Facility supporting the ongoing sale by Trafigura AG ...

October 2012

Facilitated by Finacity, Coltejer Carries Out the First Trade Receivable Securitization in Colombia

Finacity Corporation estructuró la primera titularización de cuentas por cobrar comerciales del mercado colombiano. La colocación por oferta pública, por 22,000 millones de pesos colombianos corre ...

October 2012

Finacity Facilitates a $150 million Receivable Securitization for The Manitowoc Company

Finacity Corporation (“Finacity”) announced today that it has facilitated a $150 million securitization for The Manitowoc Company, Inc. (NYSE: MTW). Wells Fargo Bank, NA (NYSE: WFC) provided fundi ...

September 2012

Finacity and ING launch a €100 million Pan-European Trade Receivables Securitization for Portugal Headquartered Sonae Indústria

Finacity Corporation (“Finacity”) and ING Belgium SA/NV announce today that they have facilitated the successful closing of a trade receivables securitization for Sonae Indústria SGPS, SA (“Son ...

May 2012

$150 million Trade Receivable Securitization for Germany Headquartered Hapag-Lloyd

Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $150 million of an existing trade receivables securitization for Hapag-Lloyd Group (“Hapag-Ll ...

April 2012

$250 Million Trade Receivable Securitization Facility for Alliance One International

Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”) and Standard Chartered Bank, it has facilitated the successful increase to ...

April 2012

Finacity wins Trade Finance Magazine “2011 DEAL OF THE YEAR”

Despite their obvious appeal, securitised structures are still relatively rare for large traders. Bunge’s $700 million unified, global trade receivables securitisation programme, which closed and fu ...

2011

November 2011

Trade Receivables Funding Program for Portugal Headquartered Altri SPGS S.A.

Finacity Corporation (“Finacity”) announced it has successfully arranged and structured a trade receivables funding program for Altri SPGS S.A. (“Altri”). The syndicated funding facility, laun ...

October 2011

Finacity Adds German and Canadian Receivables to Existing Manitowoc Securitization

Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful addition of German and Canadian receiv ...

October 2011

€500 Million Global Receivables Securitization for Styrolution

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful funding of a global trade receivables securitization program for Styrolution Group GmbH (“Styrolution”) ...

August 2011

MXN 2.5 Billion Receivable Securitization for Cemex

Finacity Corporation (“Finacity”) announced today that as Arranger it has successfully facilitated the execution of a 4.26year “mxAAA (Standard & Poor's) / HR AAA (HR Ratings)” rated (S&P an ...

August 2011

$75 Million for CHC Helicopter’s Receivable Securitization Facility

Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from $55 million to $75 millio ...

July 2011

Finacity Increases to $125 Million Trade Receivable Securitization for Alliance One International

Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from $100 million to $125 mill ...

June 2011

$700 Million Securitization for Bunge

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing of a global trade receivables securitization program for Bunge Limited (“Bunge”) [NYSE: BG]. Th ...

May 2011

$100 Million Receivable Securitization for Germany Headquartered Hapag-Lloyd

Finacity Corporation (“Finacity”) and Norddeutsche Landesbank Girozentrale (“NORD/LB”) announce today that they have facilitated the successful closing of a trade receivables securitization fo ...

January 2011

€20 Million Trade Receivables Facility for INAPA

Finacity Corporation (“Finacity”) and Fortis Commercial Finance (‘FCF’) announced that they successfully closed a trade receivables funding program for INAPA Spain. The funding facility provid ...

2010

2009

December 2009

MXN 300 Million Receivables Program for Viméxico

Finacity Corporation (“Finacity”) announced today that it facilitated the successful refinancing of a trade receivables program for Viméxico, S.A. de C.V. (“Viméxico”), a majority owned subs ...

November 2009

MXN 300 Million Trade Receivable Securitization for Taenza, S.A. (Grupo Zapata)

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing of a Mexican trade receivable securitization for Taenza, S.A. (“Grupo Zapata”). The issuance pr ...

October 2009

Finacity and NORD/LB Announce A $40 Million Trade Receivable Securitization Facility for CHC Helicopter

Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful closing of a European trade receivable ...

September 2009

Finacity and NORD/LB Announce a €50 Million Trade Receivable Securitization Facility for JohnsonDiversey

Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful closing of a European trade receivable ...

September 2009

Finacity and NORD/LB Announce an Increase to $125 Million of a Trade Receivable Securitization Facility for The Manitowoc Company

Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase to $125 million of a trade re ...

July 2009

MXN 2.2 Billion Receivable Securitization for Cemex

Finacity Corporation (“Finacity”) announced today that as Arranger it has successfully facilitated the execution of a “AAA.mx”-rated, CNBV-registered MXN 2,200,000,000 trade receivables securi ...

April 2009

Successfully Structures Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico

Finacity Corporation announced today that on March 31, 2009 it facilitated the funding of a two-tranche trade receivables securitization for two subsidiaries of Finacity’s client Vitro Envases Norte ...

2008

2007

2006

December 2006

Fortune 100 client with launch of $300 Million Receivable Funding Program

Finacity Corporation announced that it has arranged an additional transaction for an existing Fortune 100 client through the launch of a new receivable funding program of up to $300 million. ...

December 2006

$90 Million Trade Receivable Securitization Facility for The Manitowoc Company

Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”) it has facilitated the successful closing of a significant trade receivabl ...

October 2006

Receivables Securitization Transaction for Alliance One International, Inc.

Finacity Corporation (“Finacity”) announced today the successful closing of a securitization transaction effective September 27, 2006, with Alliance One International, Inc. (NYSE: AOI) as the orig ...

October 2006

Extends Global Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation announced that it successfully extended a significant trade receivables securitization transaction for one of its clients, a Fortune 100 company. This complex funding facility sup ...

August 2006

$250 Million receivable securitization for ABB, Inc.

Finacity Corporation (“Finacity”) announced the successful closing of a securitization transaction with ABB, Inc. (“ABB”) as the originator, and Finacity as the Information Reporting Agent and ...

March 2006

Expanded Presence in Europe

Finacity Corporation (“Finacity”) announced today that it has expanded its presence in Europe with the engagement of Mr. Charles Nahum and Mr. Jean-Marc Fossorier, based in London and Paris respec ...

January 2006

Increases and Extends Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation announced that it successfully upsized and extended a significant trade receivables securitization transaction for one of its clients, a Fortune 100 company, on January 6, 2006. T ...

2005

2004

2003

2002

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