Press Releases

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Press Releases

Press Releases

2018

July 2018

Finacity Hosts Receivable Securitization Industry Roundtables at the United States Embassies in The Hague and London

The Hague / London / Stamford – July 02, 2018 – Finacity Corporation (“Finacity”) announced today that it has hosted two gatherings of senior finance professionals for an opportunity to network with peers and to learn about the very latest developments in Receivables Securitization. Receivables Securitization can lower a company’s all-in ...

June 2018

Finacity Facilitates a EUR 30 Million Receivables Financing Program for Green Network in Italy

Rome / Stamford – (June 20, 2018) – Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 30 million receivables financing facility for Green Network, a primary independent Italian player in the energy market. The new facility provides additional financing for the growth of the company in the electricity and gas ma ...

June 2018

Finacity & DZ Bank Renew a Receivables Securitization of up to USD 125 million for Alliance One International (NYSE: AOI)

Stamford, CT – June 8, 2018 Finacity Corporation (“Finacity”) and DZ Bank announce they have successfully renewed a trade receivables securitization for Alliance One International (“AOI”), headquartered in Morrisville, NC, USA. The facility allows for up to USD $125 million in funding. Finacity provided analytic support, co-structured ...

February 2018

Finacity Announces an Increase to $500 Million of a Global Freight Receivables Securitisation Facility for Germany Headquartered Hapag-Lloyd Group

Hamburg / London / Stamford, CT – February 22, 2018 – Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $500 million of an existing freight receivables securitization for Hapag-Lloyd Group (“Hapag-Lloyd”). This increase was primarily as a result of integrating the freight receivables o ...

February 2018

Finacity and ING Bank NV, Sucursal en España Facilitate up to USD 250 Million IFRS Off-Balance Sheet Securitization for Ferroglobe, PLC (NASDAQ: GSM)

Stamford, CT – 8 February 2018 – Finacity Corporation (“Finacity”) announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Ferroglobe, PLC (NASDAQ: GSM) (“Ferroglobe”). The transaction allows for up to $250 million in funding of the senior tranche from ING Bank NV, Sucursal en España ...

January 2018

FINACITY and DZ BANK Facilitate a USD $115 Million Receivables Securitization for Volt Information Sciences, Inc. (NYSE:VISI)

Stamford, CT – January 29, 2018 – FINACITY CORPORATION (“FINACITY”) and DZ BANK AG Deutsche Zentral-Genossenschaftsbank (“DZ BANK”) announce that they have successfully launched a trade receivables securitization for Volt Information Sciences, Inc. (“Volt”), a New York Stock Exchange listed company headquartered in New York, NY. The ...

January 2018

Finacity Facilitates Increase in HYVA’s European Factoring Program to EUR 9 Million with Addition of French and UK-Originated Receivables

Amsterdam / Stamford– 12th January 2018 – Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 4 million increase in the existing multi-country trade receivable funding program of Hyva Global B.V. (“Hyva”), a Netherlands based multinational manufacturer of components for the commercial vehicle industry. The ne ...

2017

December 2017

Finacity Serves as Advisor on New Patriot Finance Consumer Loan Funding Program

Stamford, CT – December 21, 2017 – Finacity Corporation (“Finacity”) is pleased to announce that it has served as advisor to a new loan funding program recently closed between Patriot Finance, LLC (“Patriot”) of Atlanta, Georgia and a regional bank. The program facilitates a significant increase in future origination for the rapidly gr ...

December 2017

Finacity Awarded Securitization Advisor Role by Greece’s Public Power Corporation/Δημόσια Επιχείρηση Ηλεκτρισμού

Stamford, CT – December 11, 2017 – Finacity Corporation (“Finacity”) announced that it has officially been awarded the role of securitization advisor on behalf of Public Power Corporation/Δημόσια Επιχείρηση Ηλεκτρισμού (“PPC” or “ΔΕΗ”) in response to Hellenic tender DYC 51717050. A consortium led by ...

October 2017

Finacity Facilitates MXN$800 Million Inaugural Consumer Loan Securitization Program for CREDITO REAL

Stamford, CT – October 31, 2017 – Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated and will serve as ongoing Master Servicer for the MXN$800 million inaugural consumer loan securitization program of Crédito Real, S.A. B. de C.V., SOFOM, E.R. (“Crédito Real”). The securitization was placed ...

October 2017

Finacity Facilitates USD-denominated Export Receivables Discount Program for Brazilian-Headquartered Wood Manufacturing Company

Stamford, CT – 23rd October, 2017 – Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a new trade receivables discount program on behalf of a Brazil-headquartered producer and exporter of wood-based finished products (the “Company”). The program will be initially used to discount receivables due from ...

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. The facility allows for up to MXN 1.8 billion in funding. ...

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 facility allows for up to USD 155 million in funding. ...

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 Funding Solution, related to a US$152 million IFRS off-balance sheet trade receivables securitization program facilitated by Finacity. ...

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 global producer of olive oil. The program provides financing for both domestic and export receivables from Deoleo’s Spanish operating entity, and replace ...

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 securitization program that Finacity facilitated on behalf of Votoratim Cimentos N.A. (“VCNA”), a fully owned subsidiary of the Brazilian headquarter ...

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 business unit of Cushman & Wakefield Inc. headquartered in Chicago, IL. The facility allows for up to USD $100 million in funding and contemplates the add ...

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”). The transaction is publicly listed on the Mexican Stock Exchange (“AUTLNCB 17”) and it includes an unconditional and irrevocable partial guarantee ...

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 trading of corn, soy, wheat and other agricultural products and their derivatives. This initial $5 million USD line supports the company’s sales into th ...

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 receivables securitization for Asiana Airlines, Inc. (“Asiana”). The Senior Bonds have been assigned an ‘A-’ rating by KIS Rating and NICE Rating. ...

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 experience in the credit markets and has held positions at Experian, DBRS, Standard & Poor’s Risk Solutions, and FitchRatings. Prior to Finacity, Darr ...

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 Company Headquartered in Singapore and recently acquired by CMA CGM, allowing up to USD 350 million in funding. ...

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. [BMV: CYDSASA] The transaction allows for up to MXN$525 million in funding of a senior tranche from two Mexican banks and an investment from Finacity C ...

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 of electrical wire, magnet wire and cable. CME is a subsidiary of Mexican industrial group Xignux, S.A. de C.V. (“Xignux”). ...

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”). The transaction allows for up to $150 million in funding of the senior tranche from Wells Fargo Capital Finance, part of Wells Fargo & Company [NYSE: WF ...

May 2016

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

Barcelona / Stamford, CT – 9th May 2016 – 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. The USD 12 million facility, funded by Finacity Capital Management (“FCM”), serves as a funding sou ...

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 securitization program will continue to provide Bunge with cash proceeds of up to $700 million through the on-going sale of certain trade receivables ...

January 2016

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

Stamford, CT – January 5, 2016 – Finacity Corporation (“Finacity”) announced that it has successfully launched a combined receivables securitization program for Papier Union GmbH (“Papier Union”) and PMF Factoring GmbH (“PMF Factoring”), allowing up to EUR 100 million in funding through a leading European bank. Finacity acted as ...

2015

December 2015

Finacity Facilitates EUR 5 million of Trade Receivable Funding for HYVA

Hong Kong / Amsterdam / New York – 4th December 2015 – 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 multinational manufacturer of components for the commercial vehicle industry. The receivable fundin ...

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 Atlanta, Georgia and a federally chartered regional bank. The program facilitates the future origination of internet marketed loans by the bank employin ...

November 2015

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

Madrid / London / New York – November 2, 2015 – Finacity Corporation (“Finacity”) announced today that it has facilitated the addition of two new tranches to an existing multi-country European trade receivable funding program that had been arranged previously for URSA Insulation, S.A. (“URSA”). The original program had funded receivable ...

November 2015

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

Stamford, CT – November 2, 2015 – Finacity Corporation (“Finacity”) announced that it has successfully launched a multi-jurisdiction trade receivables securitization for ZIM Integrated Shipping Services Limited (“ZIM”), allowing up to $100 million in funding from a leading European bank. Finacity served as an Arranger, providing tran ...

October 2015

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

Stamford, CT – October 30, 2015 – 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 as access to the securitization markets for companies with smaller portfolios of receivables. Magnetar Capital ...

September 2015

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

Stamford, CT – September 14, 2015 – 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 securitization program of Dimex Capital, S.A. de C.V., SOFOM, E.N.R. The securitization was placed in the Mexican capital ...

September 2015

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

Stamford, CT – October 14, 2015 – 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 Fairfield County Business Journal. The awards were determined by a distinguished panel of business and academic leaders ...

September 2015

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

Stamford, CT –September 14, 2015 – 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, Inc. (NYSE: MTW). The $185 million transaction now incorporates a new division (Manitowoc Foodservice Asia Paci ...

May 2015

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

Stamford, CT – 18th May 2015 – 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 “E” Award is the highest recognition any U.S. entity may receive for making a significant contribution to th ...

May 2015

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

Stamford, CT – May 20, 2015 – 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 receivable funding program. The program provides for investor participation in state government receivables. “We’re p ...

January 2015

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

Barcelona / London / Stamford, CT – 30th January 2015 – 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”) (ECR.MC), a Spain-based producer of chemicals. Part of the participation amount replac ...

2014

December 2014

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

Stamford, CT – December 15th, 2014 – 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 $185 million transaction now incorporates two new divisions (Manitowoc Foodservice UK Limited and Manitowoc De ...

November 2014

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

New York, NY – November 25th, 2014 – Finacity Corporation (“FINACITY”) and Norddeutsche Landesbank Girozentrale (“NORD/LB”) announced that they have successfully launched a multi-jurisdiction trade receivables securitization for CMA CGM SA (“CMA CGM”), allowing up to US $880 million in funding through a 5-bank syndicated facility. ...

November 2014

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

Stamford, CT – November 25th, 2014 – Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a $350 million receivables securitization for Korean Air Lines Company, Ltd. (“KAL”). The securitization has been assigned an ‘Aa3’ rating by Moody’s Investors Service Hong Kong Limited. Finacity will serv ...

October 2014

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

Stamford, CT – October 24th, 2014 – 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 Global Rolled Products business. Alcoa (NYSE: AA) is a Fortune 200 global leader in lightweight metals technolo ...

September 2014

Finacity Announces Expanded Global Client Coverage

Stamford, CT – September 8th, 2014 – 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, a former Managing Director at RBS, Barclays, Bank of America and Mizuho, has extensive experience in the sec ...

September 2014

Finacity Facilitates $80 Million Three-Year Committed Supplier Financing

Stamford, CT – September 10th, 2014 – 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 structure has a three-year commitment and is financed by a non-bank funding source. Finacity worked with th ...

August 2014

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

Stamford, CT, August 11, 2014< – 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. Michael Rodgers, Finacity EVP of Operations, said that “Finacity has provided this capability and service since the company’s inceptio ...

August 2014

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

Stamford, CT – August 21st, 2014 – 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 multinational corporation. The securitization program will initially provide Finacity’s client with cash procee ...

July 2014

Finacity Corporation Announces Expanded Coverage of Brazil

Stamford, CT, July 15, 2014 – 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 that this will facilitate the company to better serve its global constituents. In general, this reflects the rapid grow ...

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

Madrid / London / New York – 28th July 2014 – 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 multinational producer of building materials. The receivable funding programs provide financing for Uralita ...

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 Excellence are voted on by the trade finance industry. ...

June 2014

Finacity Serves as Advisor on New CreditCircle Consumer Loan Origination Program

Stamford, CT – June 25, 2014 – 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 City, Utah and a regional bank. The program facilitates the future origination of internet marketed loans by the bank ...

May 2014

Finacity Closes Two New Asset-Based Loan Transactions

Stamford, CT – May 1, 2014 – 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 clients. The first transaction is a $17 million, 3-year borrowing base credit facility arranged for a US manufacturer ...

May 2014

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

Stamford, CT – May 8th, 2014 – 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 by the client strategically to finance invoices related to important customer relationships on a non-recourse basi ...

May 2014

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

New York, NY – May 27th 2014 – Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing of a trade receivables securitization program for Navistar International Corporation (“Navistar”) [NYSE: NAV]. The securitization program will provide Navistar with cash proceeds of up to $100 million through t ...

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”) [NYSE: ADM]. The securitization program will provide ADM with cash proceeds of up to €280 million through the on-going purchase of receivables. ...

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-jurisdiction financing for a transportation company ...

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”), a leading global liner shipping company, to replace their existing North American facility. ...

November 2013

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

November 20, 2013 (Stamford, CT). 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, each now in its eighth year and collateralized with receivables from subsidiaries of Vitro Envases Norteamerica S.A. d ...

April 2013

Finacity Expands Consumer Finance Platform

Stamford, CT - April 16, 2013 - 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 former Managing Director at PaineWebber and at Prudential Securities, will be heading Finacity’s expanded efforts to faci ...

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.tfreview.com/node/8388, 14 November 2012). ...

2012

October 2012

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

Finacity Facilitates the Syndication of a $250 million Receivables Purchase Facility for Trafigura AG Stamford, CT – October 10, 2012 – 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 of ce ...

October 2012

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

Facilitated by Finacity, Coltejer Carries Out the First Trade Receivable Securitization in Colombia Stamford, CT - October 12, 2012 - Finacity Corporation structured the first trade receivable securitization in the Colombian market. The COP 22 Billion public placement exceeded the pre-agreed minimum amount of COP 20 Billion for the first tranche ...

October 2012

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

Finacity Facilitates a $150 million Receivable Securitization for The Manitowoc Company Stamford, CT – October 22, 2012 – 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 funding for the transactio ...

September 2012

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

Finacity and ING Belgium SA/NV successfully launch a €100 million Pan- European Trade Receivables Securitization for Portugal Headquartered Sonae Indústria (SONI.LS) Brussels / Lisbon / London / New York – 14th September 2012 – Finacity Corporation (“Finacity”) and ING Belgium SA/NV announce today that they have facilitated the suc ...

May 2012

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

Finacity Announces an Increase to $150 million of a Trade Receivables Securitization Facility for Germany headquartered Hapag-Lloyd Group Hamburg / London / New York – 11th May 2012 – Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $150 million of an existing trade receivables securit ...

April 2012

$250 Million Trade Receivable Securitization Facility for Alliance One International

Finacity, NORD/LB and Standard Chartered Bank Announce an Increase to $250 Million of a Trade Receivable Securitization Facility for Alliance One International Stamford, CT – April 13, 2012 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”) and Standard Chartered ...

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 funded on 1 June 2011, is a landmark transaction that has been closely watched by rival traders. ...

2011

November 2011

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

Finacity Facilitates a Trade Receivables Funding Program for Portugal Headquartered Altri SPGS S.A. 7 November 2011 – 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, launched this week, optimize ...

October 2011

Finacity Adds German and Canadian Receivables to Existing Manitowoc Securitization

Finacity and NORD/LB Announce the Addition of German and Canadian Receivables to an Existing Securitization Facility for The Manitowoc Company New York, NY – October 3, 2011 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful add ...

October 2011

€500 Million Global Receivables Securitization for Styrolution

Finacity Facilitates €500 million Global Trade Receivables Securitization Program on Behalf of Styrolution New York – 5th October 2011 –Finacity Corporation (“Finacity”) announced today that it has facilitated the successful funding of a global trade receivables securitization program for Styrolution Group GmbH (“Styrolution”). Th ...

August 2011

MXN 2.5 Billion Receivable Securitization for Cemex

Finacity Announces a 4.2-Year MXN 2.5 Billion Trade Receivable Securitization Facility for CEMEX, S.A.B. de C.V. Mexican Subsidiaries New York (August 16, 2011) — Finacity Corporation (“Finacity”) announced today that as Arranger it has successfully facilitated the execution of a 4.2-year “mxAAA (Standard & Poor's) / HR AAA (HR Ratings) ...

August 2011

$75 Million for CHC Helicopter’s Receivable Securitization Facility

Finacity and NORD/LB Announce an Increase to $75 Million of a Trade Receivable Securitization Facility for CHC Helicopter Corporation Stamford, CT – August 17, 2011 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase fro ...

July 2011

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

Finacity and NORD/LB Announce an Increase to $125 Million of a Trade Receivable Securitization Facility for Alliance One International Stamford, CT – July 11, 2011 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from ...

June 2011

$700 Million Securitization for Bunge

Finacity Facilitates $700 million Global Trade Receivables Securitization Program on Behalf of Bunge New York – 8th June 2011 –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]. The securitizati ...

May 2011

$100 Million Receivable Securitization for Germany Headquartered Hapag-Lloyd

Finacity and NORD/LB Announce $100 million Trade Receivables Securitization Facility for Germany headquartered Hapag-Lloyd Group ...

January 2011

€20 Million Trade Receivables Facility for INAPA

Finacity and Fortis Commercial Finance Facilitate a €20 million Trade Receivables Funding Program for Portugal Headquartered INAPA Group’s Subsidiary in Spain 18th January 2011 – Finacity Corporation (“Finacity”) and Fortis Commercial Finance (‘FCF’) announced that they successfully closed a trade receivables funding program fo ...

2010

November 2010

€1.2 Billion Funding Program for Ineos

Finacity Facilitates Daily Reporting for a €1.2 Billion Trade Receivable Securitization for Ineos New York, NY – November 9, 2010 – Finacity Corporation (“Finacity”) announced today that, together with a consortium of banks, it is facilitating daily reporting for a global trade receivables securitization for Ineos Group Limited (“ ...

October 2010

$25 Million Trade Receivable Funding Program for INEOS NOVA

Finacity Facilitates a $25 Million Trade Receivable Funding Program for INEOS NOVA Stamford, CT – October 26, 2010 – Finacity Corporation (“Finacity”) announced today that it facilitated a cross-border trade receivable funding program for INEOS NOVA, LLC (“INEOS NOVA”). About INEOS NOVA INEOS NOVA is a world-scale, globally ...

April 2010

Successful Renewal of Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico

Finacity Corporation Announces Successful Renewal of Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico New York, NY, April 30, 2010 – Finacity Corporation announced today the successful extension of a MXN 550,000,000 variable rate investment grade bond for one of its clients, Vitro Envases Norteamerica S.A. de C.V. (“VEN ...

February 2010

Finacity and NORD/LB Announce an Increase to $55 Million for CHC Helicopter’s Trade Receivable Securitization Facility

Finacity and NORD/LB Announce an Increase to $55 Million for CHC Helicopter’s Trade Receivable Securitization Facility New York, NY – February 1, 2010 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated a successful size increase to $55 million o ...

February 2010

Finacity Wins Association of Trade & Forfaiting In The Americas “2009 DEAL OF THE YEAR”

FINACITY WINS ASSOCIATION OF TRADE & FORFAITING IN THE AMERICAS “2009 DEAL OF THE YEAR” New York, USA, February 4, 2010 – The Association of Trade & Forfaiting in the Americas (“ATFA”) honored a Finacity Corporation (“Finacity”) transaction on behalf of a Mexican company as its “2009 Deal of the Year.” New York-based ATFA is a ...

2009

December 2009

MXN 300 Million Receivables Program for Viméxico

Finacity Facilitates a Five-Year, MXN 300 Million Trade Receivables Program for Viméxico, S.A. de C.V. in Mexico New York, NY, December 16, 2009 – 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 owne ...

November 2009

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

Finacity Announces a MXN 300 million Trade Receivable Securitization for Taenza, S.A. (Grupo Zapata) New York, NY – November 2, 2009 – 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 provide ...

October 2009

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

Finacity and NORD/LB Announce A $40 million Trade Receivable Securitization Facility for CHC Helicopter New York, NY – October 6, 2009 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful closing of a European trade receivables s ...

September 2009

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

Finacity and NORD/LB Announce A €50 million Trade Receivable Securitization Facility for JohnsonDiversey New York, NY – September 17, 2009 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful closing of a European trade receiva ...

September 2009

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

Finacity and NORD/LB Announce an Increase to $125 million of a Trade Receivable Securitization Facility for The Manitowoc Company New York, NY – September 30, 2009 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase to ...

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 securitization facility for a trust that has acquired CEMEX Mexico and CEMEX Concretos receivables on a non recourse basis. CEMEX Mexico and CEMEX Concretos ...

April 2009

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

Finacity Corporation Successfully Structures Trade Receivables Securitization for Vitro S.A.B. de C.V. in Mexico New York, NY, April 1, 2009 – 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 Nor ...

2008

2007

December 2007

$150 Million Trade Receivable Securitization Facility for Northwest Airlines.

Finacity Announces a Five-Year $150 million Trade Receivable Securitization Facility for Northwest Airlines New York, NY – December 10, 2007 – Finacity Corporation announced today that it has facilitated the successful refinancing of a trade receivables securitization for Northwest Airlines, Inc. (NYSE: NWA) at attractive pricing levels o ...

September 2007

Increase to $105 Million of a Trade Receivable Securitization Facility for The Manitowoc Company.

Finacity Corporation (“Finacity”) announced today that it has facilitated the successful increase to $105 million of a trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW). About The Manitowoc Company, Inc. The Manitowoc Company, Inc. is one of the world’s largest providers of lifting equipment for the global cons ...

August 2007

Trade Receivables Securitization Facility for Papel, Cartón y Derivados S.A. de C.V.

Finacity Corporation Announces a Five-Year, Trade Receivables Securitization Facility for Papel, Cartón y Derivados S.A. de C.V. New York, NY, August 9, 2007 – Finacity Corporation (“Finacity”) announced today that in its capacity as Arranger, it facilitated the successful closing and funding of an innovative trade receivables securiti ...

May 2007

Increases Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation Increases Trade Receivables Securitization Program for Fortune 100 Client New York, NY, May 31, 2007 – Finacity Corporation announced that it successfully upsized a significant trade receivables securitization transaction for one of its clients, a Fortune 100 company. The funding program, now in its fifth year, has been in ...

March 2007

Finacity wins Trade Finance Magazine’s “2006 DEAL OF THE YEAR”

Innovation in trade finance does not always come from the largest banks. In this case an innovative non-OECD trade receivables securitization for Alliance One International (AOI) had the larger trade banks sitting up and taking notice. ...

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 and NORD/LB Announce A Five-Year $90 million Trade Receivable Securitization Facility for The Manitowoc Company New York, NY – December 26, 2006 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”) it has facilitated the successful closing of a significant trad ...

October 2006

Receivables Securitization Transaction for Alliance One International, Inc.

Finacity Closes Receivables Securitization Transaction for Alliance One International, Inc. New York, USA, October 2, 2006 - 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 originator and servicer, a ...

October 2006

Extends Global Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation Extends Global Trade Receivables Securitization Program for Fortune 100 Client New York, USA, October 30, 2006 – 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 supports recei ...

August 2006

$250 Million receivable securitization for ABB, Inc.

Finacity Facilitates US$250 Million Securitization for ABB, Inc. Transaction enhances liquidity position of extensive US operations Connecticut, USA, August 10, 2006.- Finacity Corporation (“Finacity”) announced the successful closing of a securitization transaction with ABB, Inc. (“ABB”) as the originator, and Finacity as the Informati ...

March 2006

Expanded Presence in Europe

Finacity Corporation Announces Expanded Presence in Europe New York, NY, March 2, 2006 – 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 respectively. Finacity believes that this will facilitate the ...

January 2006

Increases and Extends Trade Receivables Securitization Program for Fortune 100 Client

Finacity Corporation Increases and Extends Trade Receivables Securitization Program for Fortune 100 Client New York, NY, January 12, 2006 – 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. Th ...

2005

December 2005

Trade Receivables Securitization Facility for The Manitowoc Company

Finacity Corporation Announces A Three-Year, Trade Receivables Securitization Facility for The Manitowoc Company New York, NY – December 08, 2005 – Finacity Corporation announced today that it has facilitated the successful closing of a significant trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW). The securitizati ...

December 2005

Trade Receivables Securitization Facility for Copamex S.A. de C.V.

Finacity Corporation Announces a Five-Year, Trade Receivables Securitization Facility for Copamex S.A. de C.V. New York, NY, December 15, 2005 – Finacity Corporation (“Finacity”) announced today that in its capacity as Arranger, it facilitated the successful closing and funding of an innovative trade receivables securitization for two subs ...

August 2005

Trade Receivables Securitization for Vitro Plan S.A. de C.V. in Mexico

Finacity Corporation Successfully Arranges Another Innovative, Five- Year, Trade Receivables Securitization for Vitro Plan S.A. de C.V. in Mexico New York, NY, August 25, 2005 – Finacity Corporation (“Finacity”) announced today that on August 22, 2005, in its capacity as Arranger, it facilitated the successful closing and funding of an i ...

April 2005

Securitization for Vitro S.A. de C.V. in Mexico

Finacity Corporation Successfully Arranges Innovative, Five-Year, Trade Receivables Securitization for Vitro S.A. de C.V. in Mexico New York, NY, April 11, 2005 – Finacity Corporation announced today that on March 31, 2005, in its capacity as Arranger, it facilitated the successful closing and funding of an innovative two-tranche trade receivabl ...

2004

2003

2002

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