April 2012 by Finacity
Finacity, NORD/LB and Standard Chartered Bank Announce an Increase to $250 Million of a Trade Receivable Securitization Facility for Alliance One International
Stamford, CT – April 13, 2012 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”) and Standard Chartered Bank, it has facilitated the successful increase to twice the original size of an existing trade receivables securitization for Alliance One International, Inc. (NYSE: AOI). The new $250 mln program has a five year extended tenor.
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. was founded in 1904 and 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.
About Standard Chartered Bank
Standard Chartered is a leading international banking group with 1,700 offices in 70 markets and approximately 87,000 staff. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 per cent of its profits in Asia, Africa and the Middle East. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered finances clients following international environmental and social standards in accordance with its position statement on tobacco. For further information please visit www.cstandardcharter.com.
Thomas Heslenfeld, SVP