Finacity and ING Belgium NV Facilitate Increase of Accounts Receivable Securitization Program to $200 Million for Cushman & Wakefield

Stamford, CT – September 6, 2022 – Finacity Corporation (“Finacity”), a White Oak Company, and ING Belgium SA/NV announce that they have facilitated an increase from $125 million to $200 million of the commitment capacity for the Accounts Receivables Securitization Program for Cushman & Wakefield Inc. (“C&W”),  a leading global real estate services firm headquartered in Chicago, IL.

 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. (www.cushmanwakefield.com)

 

About Finacity, a White Oak Company

Finacity, a White Oak Company, specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $150 billion. With resources in the USA, Europe, Latin America, and Asia, Finacity conducts business throughout the world with obligors in 175 countries. Finacity is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing, and recapitalization of small and medium enterprises. (www.Finacity.com)

 

About ING Belgium

ING Belgium SA/NV offers all customer segments, retail as well as private banking customers, small, medium-sized and large enterprises, a wide range of financial products and services via the distribution channel of their choice. ING Belgium SA/NV employs 8,282 people full time and is a subsidiary of ING Bank N.V. which offers services to 33 million individual, corporate and institutional customers in more than 40 countries in Europe, North America, Latin America, Asia and Australia.

 

For more information on this transaction, please contact:

 

 

Finacity                                                         

Philip Nuelle

Tel: +1 (203) 428-3546

Email:  [email protected]

For more information on this transaction, please contact:

Finacity Corporation

Philip Nuelle
Tel: +1 (203) 428-3546
Email: [email protected]

Latest News

Press Release

Mar 2023

Finacity, a White Oak Company, Facilitates EUR 75 million Receivables Securitization for MGI – Media and Games Invest SE

Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a EUR 75 million receivables securitization program for Sweden-based MGI – Media and Games Invest SE (“MGI”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment.

Press Release

Jan 2023

Finacity Facilitates $15 Million Off-Balance Sheet Securitization for a White-Label Cloud Platform Technology Company

Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully launched an off-balance sheet trade receivables securitization for a US-based technology company providing white-label cloud platforms for email and advanced messaging services for over 150 network operators and service providers globally

Press Release

Jan 2023

Finacity Facilitates the Renewal & Extension of MXN 1,800,000,000 CEMEX Receivables Securitization Program in Mexico

Finacity Corporation, a White Oak Company, (“Finacity”) successfully assisted in the extension and renewal of CEMEX, S.A.B. de C.V.’s (“CEMEX”) existing MXN 1.8 billion receivables securitization program in Mexico extending the program for 1.5 more years. Finacity provided analytic support and advisory services. Finacity serves as the ongoing Administrator for the program.