May 2012 by Finacity
Finacity Announces an Increase to $150 million of a Trade Receivables Securitization Facility for Germany headquartered Hapag-Lloyd Group
Hamburg / London / New York – 11th May 2012 – Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $150 million of an existing trade receivables securitization for Hapag-Lloyd Group (“Hapag-Lloyd”).
Finacity served as Arranger, providing analytic and structuring support and serves as on-going Administrator and back-up Servicer.
Hapag-Lloyd is a leading global liner shipping company with 143 modern ships, a transport volume of 1.3 million TEU (+11%) in Q1 2012 and more than 6,900 employees. The Company is present in more than 100 countries. For more than 160 years the Company has set industry-wide benchmarks for reliability, service, productivity and environmental protection.
Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
For more information on this transaction please contact:
Charles Nahum (UK)
Tel +44 20 7935 3390