June 2017 by Finacity
Finacity Corporation (“Finacity”) and DZ Bank AG (“DZ Bank”) announce they have successfully launched a trade receivables securitization for Alliance One International [NYSE: AOI]. The facility allows for up to USD 155 million in funding.
Finacity provided analytic support, co-structured the transaction and serves as the ongoing Transaction Administrator. DZ Bank co-structured and serves as the ongoing Agent for the transaction, which was funded via Autobahn Funding (DZ Bank sponsored ABCP conduit) and Finacity Capital Management.
About Alliance One International
Alliance One International, Inc. purchases, processes, packs, stores, and ships leaf tobacco for manufacturers of cigarettes and other consumer tobacco products worldwide. It operates in five segments: Africa, Asia, Europe, North America, and South America. The company is involved in processing and selling flue-cured, burley, and oriental tobaccos, which are used in international brand cigarettes. It also provides agronomy services for growing leaf tobacco. The company was founded in 1904 and is headquartered in Morrisville, North Carolina.
About Finacity and Finacity Capital Management
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries. Finacity Capital Management is a subsidiary of Finacity Corporation that provides principal financing for securitizations in North America and Europe. For further information, please visit finacity.com.
About DZ Bank
DZ Bank is the second largest bank in Germany and acts as central bank for approximately 970 cooperative banks with over 11,700 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: