Finacity Facilitates EUR 18 million of Trade Receivable Funding for Spain’s Deoleo, S.A.
Apr, 2017 by FinacityStamford, CT – April 3rd, 2017 – Finacity Corporation (“Finacity”) today announced that it has facilitated a EUR 18 million non-recourse trade receivable funding program for Deoleo S.A. (“Deoleo”), a Spain-based leading global producer of olive oil. The program provides financing for both domestic and export receivables from Deoleo’s Spanish operating entity, and replaces another facility that expired in December.
About Deoleo
Deoleo, S.A. manufactures, markets, and sells olive oil worldwide. The company offers olive oil under the Bertolli, Carapelli, Carbonell, Hojiblanca, Koipe, Sasso and Koipesol brands. It also provides seed oils, table olives, vinegars, and sauces; frying oil under the Friol brand; and corn oil under the Maya brand. The company was founded in 1990 and is headquartered in Madrid, Spain. Its products are sold in more than 100 countries. For further information, visit www.deoleo.com.
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 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Finacity Corporation
Daniel Stádník
Tel: +44-(0)20-3411 2539
Email: dstadnik@finacity.com
Jim Leonard
Tel: +1- (203) 428-3584
Email: jleonard@finacity.com
Finacity Facilitates a EUR 50 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling…
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 225 million
Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B. de C.V.…
Investors and corporates share thirst to tap trade receivables pool
Six of the interviewees in this article, from left in top row: Laurent Christophe, Trafigura; Shaun Baddeley, AFME; Miray Muminoglu, Lloyds. Bottom row: Abigail Deméocq, Crédit Agricole CIB; Dominic Capolongo,…
Finacity Facilitates a Receivables Securitization Program Upsize for Pyxus International, Inc. to USD 120 million
Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a receivables securitization program upsize from USD 100 million to USD 120 million for Pyxus…
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. …