Finacity Facilitates the Syndication of a $250 million Receivables Purchase Facility for Trafigura AG
Aug, 2012 by FinacityStamford, CT – October 10, 2012 –
Finacity Corporation (“Finacity”) announced today its successful facilitation of a syndication of a $250 million Revolving Receivables Purchase Facility supporting the ongoing sale by Trafigura AG of certain trade receivables. Through Finacity’s efforts, the funding group was expanded to a total of six financial institution participants.
About Trafigura AG
Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV (“Trafigura”). Trafigura is one of the world’s leading international commodity traders, specializing in the oil, minerals and metals markets, with 81 offices in 54 countries in Europe, Africa, Asia, Australia, and North, Central and South America. In the US, Trafigura has offices in Houston, Texas and Stamford, Connecticut. Trafigura’s primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. It is the world’s second largest independent non-ferrous trading company and the third largest independent oil trader. Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing turnover from US$18 billion in 2004 to US$122 billion in 2011. For more information visit www.trafigura.com.
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity currently facilitates the financing and administration of an annual volume of receivables in excess of $50 billion. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
For more information on this transaction please contact:
Finacity Corporation
Jim Leonard
Tel: +1 (203) 428-3584
Email: jleonard@finacity.com
Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $2 Billion for Bunge Global SA (NYSE:BG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, today announced that it has facilitated an increase from $1.5 billion to $2 billion of the commitment capacity for the Accounts…
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 275 million
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, 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.…
Finacity Facilitates US$15 million Securitization for Crediapoyo
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated a US$15 million securitization of a portfolio of consumer loans originated by…
Finacity Facilitates the Renewal of USD 550 Million Global Freight Receivables Securitization for Germany-Headquartered Hapag-Lloyd AG (FWB: HLAG)
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announces today that it has successfully renewed and extended an existing receivables securitization for another three years with Hapag-Lloyd AG (“Hapag-Lloyd”),…
Finacity Facilitates Revolving $25,000,000 EV Subscription Auto Lease Finance Facility for Autonomy
Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has facilitated the successful launch of a new $25,000,000 EV subscription auto lease receivables financing…