Press Release
Feb 2021
Finacity Facilitates New Lender Finance Program for GetBackd
Finacity has assisted with the launch of a new financing program for Austin Business Finance LLC (trading as “GetBackd”), a nationwide SME commercial lender.
Press Release
Dec 2020
Finacity Facilitates a USD 40 Million Receivables Securitization Program for Hyperion Materials & Technologies Inc.
Finacity has successfully launched a USD 40 million receivables securitization program for Hyperion Materials & Technologies, headquartered in Worthington, Ohio. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.
Press Release
Dec 2020
Finacity Facilitates up to EUR 75 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy
Finacity Corporation (“Finacity”) has successfully launched a EUR 75 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling steel mills headquartered in Genoa, part of Metinvest. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.
Press Release
Sep 2020
Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA
Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.
Press Release
Sep 2020
Finacity Program Supports Pyxus International Inc. as Company Finalizes Reorganization
Pyxus International, Inc. (“Pyxus”), a client of Finacity Corporation (“Finacity”), successfully completed its reorganization in only 70 days. Originally filing on June 15, 2020, the company emerged on August 24, 2020 with its debt reduced by more than $400 million and maturities extended.
Press Release
Aug 2020
Finacity Arranges a EUR 200 million Receivables Securitization Facility for the Greek State-Controlled Public Power Corporation S.A.
Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the August 2020 closing of a trade receivables securitization program for Public Power Corporation S.A. [ATHEX: PPC] (“PPC”), the largest Greek electricity generator and the principal supplier of electricity in the country.
Press Release
May 2020
Finacity Arranges Receivables Securitization for Startek, Inc.
Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the close of a trade receivables securitization program for Startek, Inc. (“Startek”) in April 2020. The securitization program finances receivables originated by Startek’s entities in the United States.
Press Release
May 2020
Finacity Supports Receivables Securitization for Talen Energy
Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the December 2019 closing of a trade receivables securitization for Talen Energy Marketing, LLC, a wholly owned subsidiary of Talen Energy Supply, LLC (“Talen Energy”).
Press Release
Mar 2020
Finacity COVID-19 Update — March 31, 2020
For the past two weeks our employees have been working from home to support the global initiative to control the spread of COVID-19. We are pleased to report that our people, processes and technology have been flawless in terms of meeting daily and project related deliverables.