Press Releases
Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries
€20 Million Trade Receivables Facility for INAPA
Jan, 2011 byFinacity and Fortis Commercial Finance Facilitate a €20 million Trade Receivables Funding Program for Portugal Headquartered INAPA Group’s Subsidiary in Spain
18th January 2011 – Finacity Corporation (“Finacity”) and Fortis Commercial Finance (‘FCF’) announced that they successfully closed a trade receivables funding program for INAPA Spain. The funding facility provides INAPA Spain with up to €20 Million in receivables financing.
About INAPA Group
INAPA, headquartered in Portugal, is one of Europe’s leading paper suppliers, with a particularly strong presence in Germany, France, Switzerland, Spain and Portugal. The Group’s main activity is the sale and distribution of commercial printing and office papers to printers, publishing houses and corporate entities.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
About Fortis Commercial Finance
Fortis Commercial Finance (FCF), headquartered in The Netherlands, is a globally leading service provider for commercial finance and factoring. FCF’s main activity is to provide financing, receivables management and risk coverage services across Europe. FCF, with offices in 13 countries, is fully-owned by ABN AMRO Bank N.V. and will be rebranded by February 21 towards ABN AMRO Commercial Finance.
For more information on this transaction please contact:
Finacity Corporation
Info
Info@finacity.com
(203) 428-3500
Jim Leonard (USA)
Tel +1 203 428 3548
jleonard@finacity.com
ABN AMRO / Fortis Commercial Finance
Pierre de Corta
Tel + 33 155 677 521
pierre.decorta@fortiscomfin.com
Jeroen van Maarschalkerweerd
Tel +31 20 628 4748
jeroen.van.maarschalkerweerd@nl.abnamro.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…