Finacity Increases to $125 Million Trade Receivable Securitization for Alliance One International
July 2011 by Finacity
Finacity and NORD/LB Announce an Increase to $125 Million of a Trade Receivable Securitization Facility for Alliance One International
Stamford, CT – July 11, 2011 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from $100 million to $125 million of an existing trade receivables securitization for Alliance One International, Inc. (NYSE: AOI).
About Alliance One International, Inc.
Alliance One International, Inc. engages in purchasing, processing, storing, and selling leaf tobacco to cigarette manufacturers and other consumer tobacco products worldwide. The company is primarily involved in the processing and sale of flue-cured, burley, and oriental tobaccos. It also provides agronomy services for growing leaf tobacco. Alliance One International, Inc. is headquartered in Morrisville, North Carolina. www.aointl.com.
About Finacity Corporation
Finacity Corporation specializes in the arranging and structuring of efficient capital markets funding programs, state-of-the-art servicing, and bond administration. Finacity’s founding partners include Bank of America Merrill Lynch, Euler Hermes and ABN AMRO Bank. For more information about Finacity, please visit www.finacity.com.
NORD/LB ranks as number 50 among the world’s banks. From its securitization base in New York, the bank specializes in securitization and other structured transactions for its U.S. and European corporate clients. More information on NORD/LB can be found at www.nordlb.com.
For more information on this transaction please contact:
Thomas Heslenfeld, SVP, Finacity Corporation
tel 203-428-3519 (USA)
More recent news
Finacity Facilitates EUR 9 million of Trade Receivable Funding for Spain’s Deoleo, S.A.
Finacity Corporation (“Finacity”) today announced that it has facilitated a new EUR 9 million non-recourse trade receivable funding program for Deoleo S.A. (“Deoleo”), a Spain-based leading gl ...
Finacity Facilitates Second Consumer Loan Securitization Program for CREDITO REAL for MXN$615 Million
Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated and will serve as ongoing Master Servicer for the MXN$615 million consumer loan securitization program ...
Finacity Announces the Increase to $300 Million of a Trade Receivables Securitization Facility for Ferroglobe, PLC
Finacity Corporation (“Finacity”) announces that it has facilitated the successful increase to $300 million of an existing trade receivables securitization for Ferroglobe, PLC (“Ferroglobe”). ...