Finacity and NORD/LB Announce an Increase to $75 Million of a Trade Receivable Securitization Facility for CHC Helicopter Corporation

Stamford, CT – August 17, 2011 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from $55 million to $75 million of an existing trade receivables securitization for CHC Helicopter Corporation. The program upsize involves the addition of Australian receivables combined with European receivables.

About CHC Helicopter Corporation

CHC Helicopters provides skilled, secure transportation to offshore oil and gas platforms and other sea-based installations, civilian search-and-rescue services, and helicopter maintenance repair and overhaul. The company is headquartered in Vancouver, B.C., Canada, and operates more than 250 aircraft in about 30 countries around the world.

About Finacity Corporation

Finacity Corporation specializes in the arranging and structuring of efficient capital markets funding programs, state-of-the-art servicing, and bond administration. Finacity’s founding partners include Bank of America Merrill Lynch, Euler Hermes and ABN AMRO Bank. For more information about Finacity, please visit www.finacity.com.

About NORD/LB

NORD/LB ranks as number 50 among the world’s banks. From its securitization base in New York, the bank specializes in securitization and other structured transactions for its U.S. and European corporate clients. More information on NORD/LB can be found at www.nordlb.com.

For more information on this transaction please contact:

Finacity Corporation

Thomas Heslenfeld, SVP
Tel: 203-428-3519 (USA)
Email: theslenfeld@finacity.com

Latest News

Press Release

Dec 2020

Finacity Facilitates a USD 40 Million Receivables Securitization Program for Hyperion Materials & Technologies Inc.

Finacity has successfully launched a USD 40 million receivables securitization program for Hyperion Materials & Technologies, headquartered in Worthington, Ohio. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.