Finacity and NORD/LB Announce A $40 Million Trade Receivable Securitization Facility for CHC HelicopterFinacity and NORD/LB Announce A $40 Million Trade Receivable Securitization Facility for CHC Helicopter

Finacity and NORD/LB Announce A $40 million Trade Receivable Securitization Facility for CHC Helicopter

New York, NY – October 6, 2009 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful closing of a European trade receivables securitization for CHC Helicopter. The funding agreement will initially provide CHC Helicopter cash proceeds of up to $40 million through the ongoing purchase of receivables from various European subsidiaries and affiliates. NORD/LB’s commercial paper conduit, Hannover Funding Company LLC, will fund the transaction. NORD/LB’s Asset Backed Finance Group structured the transaction for Hannover Funding. Finacity served as Arranger, providing analytic and structuring support and serves as ongoing Administrator.

“CHC Helicopter is very pleased to have worked with Finacity and NORD/LB to implement a cost-efficient and creative source of incremental liquidity,” said John Hanbury, Corporate Treasurer at CHC Helicopter.

“NORD/LB is delighted to have partnered with Finacity to provide CHC Helicopter with increased liquidity from this transaction,” said Omar Bolli, Head of Securitization at NORD/LB, adding that “structuring leading edge European receivables securitizations is an area in which we provide added value”.

“Finacity is very pleased to implement a complex European receivable securitization for CHC Helicopter,” said Adrian Katz, Finacity’s Chief Executive Officer.

About CHC Helicopter Corporation

CHC Helicopter, headquartered in Canada, is a leading provider of helicopter support to the oil and gas industry, search and rescue, helicopter training, repair and overhaul. CHC Helicopter operates approximately 270 aircraft in 35 countries. More information can be found at

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity is located in the USA and Europe. For more information about Finacity, please visit


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 For securitization information, call Omar Bolli at 212-812-6946.

For more information on this transaction please contact:
Tom Heslenfeld, Finacity Corporation
tel 203-428-3519 (USA)
Edward Weber, NORD/LB
tel 212-812-6949 (USA)

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