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

Aug, 2012 by Finacity

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 certain trade receivables. Through Finacity’s efforts, the funding group was expanded to a total of six financial institution participants.

About Trafigura AG

Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV (“Trafigura”). Trafigura is one of the world’s leading international commodity traders, specializing in the oil, minerals and metals markets, with 81 offices in 54 countries in Europe, Africa, Asia, Australia, and North, Central and South America. In the US, Trafigura has offices in Houston, Texas and Stamford, Connecticut. Trafigura’s primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. It is the world’s second largest independent non-ferrous trading company and the third largest independent oil trader. Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing turnover from US$18 billion in 2004 to US$122 billion in 2011. For more information visit www.trafigura.com.

About Finacity Corporation

Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity currently facilitates the financing and administration of an annual volume of receivables in excess of $50 billion. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.

For more information on this transaction please contact:

Finacity Corporation

Jim Leonard
Tel: +1 (203) 428-3584
Email: jleonard@finacity.com

Apr 29, 2024
Finacity Facilitates USD 150 million Receivables Securitization for a Cargo Airline Company

Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 150 million receivables securitization program for one of the world's largest air cargo operators. …

Apr 5, 2024
Finacity Facilitates the Upsize and Renewal of a $250 Million IFRS Off-Balance Sheet Securitization for Votorantim Cimentos North America

Finacity Corporation (“Finacity”), a White Oak Company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc.…

Mar 19, 2024
Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank

Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings…

Feb 22, 2024
Finacity Reaches Record Milestone: $1 Trillion of Trade Receivables Financed Over the Past 5 Years

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than $1 trillion of trade receivables over the past 5 years on behalf…

Jan 3, 2024
Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.5 Billion with a $1 Billion Accordion Feature for Bunge

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of…