Finacity Facilitates New Trade Finance Lines for Panama-Based Luzar Trading S.A.
March 2017 by Finacity
Finacity Corporation (“Finacity”) today announced its successful sourcing of a $5 million USD trade finance line for Luzar Trading S.A., a Panama based trading house focused especially on the trading of corn, soy, wheat and other agricultural products and their derivatives. This initial $5 million USD line supports the company’s sales into the Colombian market, and is part of a broader mandate under which Finacity has been engaged to assist Luzar in expanding its global funding relationships more generally. Additional credit facilities and lines are presently under discussion with other financial institutions.
About Luzar Trading S.A.
Luzar is a commodities trader with more than 100 customers across the Americas specializing in agribusiness and supporting animal feed manufacturers for poultry, hog and cattle growers, as well as prawn exporters. Luzar also serves as a charter for its own flows, in addition to third party flows. For further information, please visit www.luzartrading.com
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of annual receivables volume of approximately $100 billion USD. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com
For more information on this transaction, please contact:Finacity
More recent news
How does trade securitisation work? An Interview with Finacity’s Charles Nahum
The world of securitisation in trade and consumer receivables is complex, yet benefits to corporates are being increasingly realised as liquidity tightens and access to traditional forms of finance is ...
Trade & Supply Chain Finance 2011: Trade Receivables Securitization
Trade receivables securitization has long been used as an alternative form of liquidity. Once a primary financing tool, many large companies had a trade receivables securitization program in place alo ...
Baron, Finacity launch accounts receivable securitization
SHERMAN OAKS, Calif. — Baron & Associates, a specialist in factoring, accounts receivable and purchase order financing, and trade credit insurance, has partnered with receivables funding, servicer a ...