Warning: Credit Risk is Spreading

On June 29, David Schier, credit manager for Jacobus Energy, a Milwaukee, Wis.-based fuel supplier, was enjoying a relaxing Sunday until he received a call from the company’s sales rep for Indiana. It was bad news. The rep had heard that one of Jacobus’ bigger customers – Alvan Freight, a Kalamazoo-Mich. trucking company – was about to file for bankruptcy protection. Jacobus’ owner was promptly informed, and the Alvan account was immediately locked to prevent any fresh shipments going out.

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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.