Trade Receivables ABS Gain as Funding Tool

There’s a growing market enabling companies in a variety of industries to monetize their receivables and relieve pressure on working capital.International Trucks has been a regular participant in the asset-backed securities (ABS) market for decades, securitizing assets including dealer floor plans and customer loans. In May the maker of trucks and other heavy vehicles completed a securitization of trade receivables in an early example of what bankers foresee as a growing market enabling companies in a variety of industries to monetize their receivables and relieve pressure on working capital.

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Press Release

Dec 2020

Finacity Facilitates a USD 40 Million Receivables Securitization Program for Hyperion Materials & Technologies Inc.

Finacity has successfully launched a USD 40 million receivables securitization program for Hyperion Materials & Technologies, headquartered in Worthington, Ohio. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.

Press Release

Dec 2020

Finacity Facilitates up to EUR 75 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy

Finacity Corporation (“Finacity”) has successfully launched a EUR 75 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling steel mills headquartered in Genoa, part of Metinvest. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.

Press Release

Sep 2020

Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA

Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.

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