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
More recent news
Finacity Corporation Joins Greensill
Transaction enables a superior and comprehensive set of best in class financing solutions to solve an even broader range of client needs Greensill, the leading non-bank provider of working capital ...
Finacity Serves as Advisor on Dinerito Audaz US$10 million Consumer Loan Funding Program
Finacity Corporation (“Finacity”) is pleased to announce that it served as advisor to a new US$10 million loan funding program recently closed between Dinerito Audaz, S.A.P.I. de C.V. SOFOM, E.N.R ...
Finacity Renews a $152 Million IFRS Off-Balance Sheet Securitization for VCNA, Part of Brazilian Headquartered Votorantim Group
Finacity Corporation (“Finacity”) announced that it has successfully renewed the IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). Th ...