Finacity Facilitates €280 million Global Trade Receivables Securitization on Behalf of Archer Daniels Midland Company

New York – 28 March 2014 –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.

This program is intended to enhance ADM’s financial flexibility by providing an additional source of funding for its operations.

Finacity helped ADM to launch the securitization by providing analytic and structuring support, and serves as on-going Administrator providing comprehensive reporting.

About Archer Daniels Midland Company

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries. For more information about ADM and its products, visit www.adm.com.

About Finacity Corporation

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $90 billion. With a team in the USA and Europe, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.

Finacity Corporation

Philip Nuelle
Tel: (203) 428-3546
Email: pnuelle@finacity.com

Latest News

Press Release

May 2020

Finacity Arranges Receivables Securitization for Startek, Inc.

Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the close of a trade receivables securitization program for Startek, Inc. (“Startek”) in April 2020. The securitization program finances receivables originated by Startek’s entities in the United States.

Press Release

May 2020

Finacity Supports Receivables Securitization for Talen Energy

Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the December 2019 closing of a trade receivables securitization for Talen Energy Marketing, LLC, a wholly owned subsidiary of Talen Energy Supply, LLC (“Talen Energy”).

Press Release

Mar 2020

Finacity COVID-19 Update — March 31, 2020

For the past two weeks our employees have been working from home to support the global initiative to control the spread of COVID-19. We are pleased to report that our people, processes and technology have been flawless in terms of meeting daily and project related deliverables.

Press Release

Mar 2020

Finacity Statement on COVID-19

As a Greensill/Finacity customer, we appreciate the trust you place in us and our people worldwide. Given the current global environment, we wanted to take a moment and explain how we’re prepared to ensure that your business needs and requirements are being met.

Sign up to monthly insights in our newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.