€26 million Trade Receivable Funding for URALITA

Madrid / London / New York – 28th July 2014 – Finacity Corporation (“Finacity”) announces today that it has facilitated a series of European trade receivable funding programs for Uralita S.A. (“Uralita”) (BME: URA), a Spain based multinational producer of building materials. The receivable funding programs provide financing for Uralita’s subsidiaries in France, Spain, and Belgium using multiple funding institutions.

About Uralita

Uralita is a multinational group of light building materials, focusing on sustainability both through improved energy efficiency in buildings and through efficient water management. The group is one of the key European players in the insulation business arena and it holds leading positions in its other businesses, mainly in the Iberian Peninsula: gypsum, pipes and roof tiles. In 2013 Uralita’s turnover was 576 million euros, of which 51% were generated in Western and Central Europe, 22% in Spain and 27% in Eastern Europe and Russia. Uralita has 30 production plants in 10 different countries and is present in over 20 countries with a workforce of 2,800 employees. The group is listed on the Spanish stock exchange and its headquarters are located in Madrid.

About Finacity

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $95 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.

For more information on this transaction please contact:


Daniel Stádník
Tel: +44-(0)20-3411 2539
Email: dstadnik@finacity.com

Jim Leonard
Tel: +1- (203) 428-3584
Email: jleonard@finacity.com

Latest News

Press Release

Sep 2022

Finacity and ING Belgium NV Facilitate Increase of Accounts Receivable Securitization Program to $200 Million for Cushman & Wakefield

Finacity Corporation (“Finacity”), a White Oak Company, and ING Belgium SA/NV announce that they have facilitated an increase from $125 million to $200 million of the commitment capacity for the Accounts Receivables Securitization Program for Cushman & Wakefield Inc. (“C&W”), a leading global real estate services firm headquartered in Chicago, IL.

Press Release

Jul 2022

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable 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. The securitization program finances consumer and corporate receivables originated by PPC in Greece.

Press Release

Jul 2022

Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.

Finacity Corporation (“Finacity”), a White Oak Company, has successfully facilitated a $70 million receivables securitization program for American Airlines, Inc., headquartered in Fort Worth, Texas. The program focuses on a multi-country, multi-currency portfolio of cargo receivables from certain countries where the airline operates. Finacity provided origination, analytic and structuring support. Finacity serves as the ongoing Administrator for the program.