Finacity Facilitates $350 Million Receivable Securitization for Seoul Headquartered Korean Air Lines Company, Ltd.
November 2014 by Finacity
Stamford, CT – November 25th, 2014 – Finacity Corporation (“Finacity”) announced today that it has successfully facilitated a $350 million receivables securitization for Korean Air Lines Company, Ltd. (“KAL”). The securitization has been assigned an ‘Aa3’ rating by Moody’s Investors Service Hong Kong Limited.
Finacity will serve on an ongoing basis as the Trust Administrator for the program.
Founded in 1969, KAL has grown to become a leader in the global transportation industry. Headquartered in Seoul, KAL operates in 45 countries with 125 destinations around the world. For more information, please visit www.koreanair.com.
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:
Director, Deal Management and Execution
Tel : (203) 428 - 3520
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