February 2010 by Finacity
Finacity and NORD/LB Announce an Increase to $55 Million for CHC Helicopter’s Trade Receivable Securitization Facility
New York, NY – February 1, 2010 – Finacity Corporation (“Finacity”) announced today that, together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated a successful size increase to $55 million of a European trade receivables securitization for CHC Helicopter.
About CHC Helicopter
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 www.chc.com
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 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. For securitization information, call 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)