Finacity Announces an Increase to $500 Million of a Global Freight Receivables Securitisation Facility for Germany Headquartered Hapag-Lloyd Group
Feb, 2018 by FinacityHamburg / 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 of United Arab Shipping Company (“UASC”), recently merged with the group.
Finacity serves as Arranger, providing analytic and structuring support and as on-going Administrator and Back-up Servicer for this multi-bank facility.
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 an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries.
For more information, please contact Finacity Corporation:
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. …
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.…
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…
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…
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…