Finacity Facilitates New Trade Finance Lines for Panama-Based Luzar Trading S.A.
Mar, 2017 by FinacityStamford, CT – March 6, 2017 – Finacity Corporation (“Finacity”) today announced its successful sourcing of a $5 million USD trade finance line for Luzar Trading S.A., a Panamabased 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 the Colombian market, and is part of a broader mandate under which Finacity has been engaged to assist Luzar in expanding its global funding relationships more generally. Additional credit facilities and lines are presently under discussion with other financial institutions.
About Luzar Trading S.A.
Luzar is a commodities trader with more than 100 customers across the Americas specializing in agribusiness and supporting animal feed manufacturers for poultry, hog and cattle growers, as well as prawn exporters. Luzar also serves as a charter for its own flows, in addition to third party flows. For further information, please visit www.luzartrading.com
About Finacity
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of annual receivables volume of approximately $100 billion USD. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Finacity Corporation
Thomas Heslenfeld, Senior Vice President
Tel: +1 (203) 428-3519
Email: theslenfeld@finacity.com
Jim Leonard, Managing Director
Tel: +1 (203) 428-3584
Email: jleonard@finacity.com
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…
Finacity Facilitates Euro 12,5 Million Payables Finance Facility for Grupo Bel
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announces the closing of a Euro 12,5 million Payables Finance Facility (the “Facility”) to support the growth of Portuguese-based Grupo Bel…
Finacity Facilitates US$20 million 5-year Term Securitization for Crediapoyo
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated a US$20 million 5-year term securitization of a portfolio of consumer loans…