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Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries

Finacity, a White Oak Company, and DZ BANK Facilitate a 2.5-Year USD $150 Million Receivables Securitization for Nitron Group LLC

Oct, 2021 by

Stamford, CT – October 25, 2021 – Finacity Corporation, a White Oak Company, (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch (“DZ BANK”) announce that they have successfully launched a trade receivables securitization for Nitron Group LLC (“Nitron”), a company headquartered in Greenwich, CT. The 2.5-year facility is collateralized by Nitron’s receivables for fertilizer distribution and importation services in Latin America, North America, Europe, and Africa.

Finacity serves as the Transaction Administrator and provided analytic and structuring support to DZ BANK which serves as the Agent for the transaction and funded the transaction via its ABCP conduit Autobahn Funding Company LLC.

Enzo Formato, the CFO of Nitron Group, commented: “We are very excited about the launch of the facility, which will provide crucial support to Nitron’s broader strategy of offering end-to-end solutions to our clients.  Additionally, the facility will provide Nitron with the liquidity needed to fuel our growth in the coming years.  We consider this an important milestone in Nitron’s long history and are very grateful to our partners DZ BANK and Finacity for all their support throughout the process.”

About Nitron Group Corporation

Founded in 1982 and headquartered in Greenwich, CT, Nitron Group LLC is a leading global trader of chemical and agricultural fertilizers including urea, ammonium nitrate and sulfate, phosphates, and potash. Serving clients in over 65 countries, the company offers a wide variety of services focused on the distribution, importation and warehousing of chemical and agricultural fertilizers, enabling clients in Latin America, North America, Europe and Africa to receive a product which meets the legal, safety and environmental standards. For further information, please visit www.nitrongroup.com.

 About Finacity, a White Oak Company

 Finacity, a White Oak Company, specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe Latin America and Asia, Finacity conducts business throughout the world with obligors in 175 countries. Finacity, is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. For further information, please visit www.finacity.com.

 About White Oak Global Advisors

 White Oak Global Advisors, LLC (“WOGA”), together with its financing affiliates, provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $9 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.

 About DZ BANK

 DZ BANK is the second largest bank in Germany and acts as central bank for approximately 800 cooperative banks with over 8,500 branches in Germany. DZ BANK’s New York based Structured Finance Asset Securitization unit offers specialty lender finance, structured asset and accounts receivable financing solutions for a wide variety of clients and asset types throughout North America.

 

For more information on this transaction, please contact:

FINACITY CORPORATION, a White Oak Company

Jason Kim

Tel: +1 (203) 428-3520

jkim@finacity.com

 

DZ BANK

Structured Finance Asset Securitization

Christian Haesslein

Tel: +1 (212) 745-1668

christian.haesslein@dzbank.de