October 2015 by Finacity
Stamford, CT – November 2, 2015 – Finacity Corporation (“Finacity”) announced that it has successfully launched a multi-jurisdiction trade receivables securitization for ZIM Integrated Shipping Services Limited (“ZIM”), allowing up to $100 million in funding from a leading European bank.
Finacity served as an Arranger, providing transaction analytic and structuring support. It also serves as the ongoing Administrator and Back-up Servicer for the transaction.
ZIM Integrated Shipping Services LTD is one of the world’s leading container shipping carriers. ZIM, established in 1945 and headquartered in Haifa, Israel, operates a fleet of approximately 84 vessels and calls on more than 180 ports across the world on a weekly basis. The company shipped 2.4 million TEU (Twenty Equivalent Units) in 2014. ZIM has more than 4,200 employees with a network of more than 170 offices in over 100 countries. For more information, please visit www.zim.com.
Finacity 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 $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Tel: +44 20 7935 3390