Finacity Arranges $100 million Trade Receivables Securitization Facility for ZIM Integrated Shipping Services
Oct, 2015 by FinacityStamford, 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.
About ZIM
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.
About Finacity
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:
Finacity
Info
Tel: (203) 428-3500
Email: Info@finacity.com
Finacity Facilitates the Upsize and Renewal of a $250 Million IFRS Off-Balance Sheet Securitization for Votorantim Cimentos North America
Finacity Corporation (“Finacity”), a White Oak Company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc.…
Finacity Facilitates a USD 30 Million Receivables-Based Loan Program for Novaria Holdings LLC with Synovus Bank
Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings…
Finacity Reaches Record Milestone: $1 Trillion of Trade Receivables Financed Over the Past 5 Years
Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than $1 trillion of trade receivables over the past 5 years on behalf…
Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.5 Billion with a $1 Billion Accordion Feature for Bunge
Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of…
Finacity Facilitates MXN 1 Billion Securitization for Laboratorios Sanfer, S.A. de C.V.
Finacity Corporation (“Finacity”) announced that it has successfully launched a trade receivables securitization for Laboratorios Sanfer, S.A. de C.V. (“Sanfer”). The transaction amount is MXN 1 billion, it has a…