Finacity and Fortis Commercial Finance Facilitate a €20 million Trade Receivables Funding Program for Portugal Headquartered INAPA Group’s Subsidiary in Spain
Jan, 2011 by FinacityFinacity 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 for INAPA Spain. The funding facility provides INAPA Spain with up to €20 Million in receivables financing.
About INAPA Group
INAPA, headquartered in Portugal, is one of Europe’s leading paper suppliers, with a particularly strong presence in Germany, France, Switzerland, Spain and Portugal. The Group’s main activity is the sale and distribution of commercial printing and office papers to printers, publishing houses and corporate entities.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
About Fortis Commercial Finance
Fortis Commercial Finance (FCF), headquartered in The Netherlands, is a globally leading service provider for commercial finance and factoring. FCF’s main activity is to provide financing, receivables management and risk coverage services across Europe. FCF, with offices in 13 countries, is fully-owned by ABN AMRO Bank N.V. and will be rebranded by February 21 towards ABN AMRO Commercial Finance.
For more information on this transaction please contact:
Finacity Corporation
Info
Info@finacity.com
(203) 428-3500
Jim Leonard (USA)
Tel +1 203 428 3548
jleonard@finacity.com
ABN AMRO / Fortis Commercial Finance
Pierre de Corta
Tel + 33 155 677 521
pierre.decorta@fortiscomfin.com
Jeroen van Maarschalkerweerd
Tel +31 20 628 4748
jeroen.van.maarschalkerweerd@nl.abnamro.com
Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $2 Billion for Bunge Global SA (NYSE:BG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, today announced that it has facilitated an increase from $1.5 billion to $2 billion of the commitment capacity for the Accounts…
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 275 million
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B.…
Finacity Facilitates US$15 million Securitization for Crediapoyo
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated a US$15 million securitization of a portfolio of consumer loans originated by…
Finacity Facilitates the Renewal of USD 550 Million Global Freight Receivables Securitization for Germany-Headquartered Hapag-Lloyd AG (FWB: HLAG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announces today that it has successfully renewed and extended an existing receivables securitization for another three years with Hapag-Lloyd AG (“Hapag-Lloyd”),…
Finacity Facilitates Revolving $25,000,000 EV Subscription Auto Lease Finance Facility for Autonomy
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has facilitated the successful launch of a new $25,000,000 EV subscription auto lease receivables financing…