Finacity Closes Two New Asset-Based Loan Transactions

Stamford, CT – May 1, 2014 – Finacity Corporation (“Finacity”) is pleased to announce that it has recently facilitated new asset-based loan (“ABL”) facilities for the US affiliates of two of its international corporate clients. The first transaction is a $17 million, 3-year borrowing base credit facility arranged for a US manufacturer that is part of a larger Asia-based corporate group. The second involves a $3 million borrowing base revolver for the US subsidiary of a European housewares producer / distributor. These two transaction closings follow upon a $15 million ABL revolver that Finacity arranged late last year for a large auto industry consulting firm.

“We’re proud to have facilitated such cost- and structurally efficient asset-based funding solutions for these important clients,” said Finacity CEO Adrian Katz. “These successes reflect Finacity’s continued growth in the structured working capital space, which we view as an important complement to our core trade receivables securitization business.”

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 currently facilitates the financing and administration of approximately $90 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world. For more information on our company, please visit please visit www.finacity.com.

For more information, please contact Finacity Corporation at:

Jim Leonard, Managing Director, Alternative Funding Solutions
Tel: (203) 428-3584

Tom Heslenfeld, SVP, Business Development
Tel: (203) 428-3519

Mike Brennan, VP, Business Development
Tel: (203) 428-3582

Latest News

Press Release

Sep 2020

Finacity Arranges a EUR 60 million Receivables Securitization Facility for Kongsberg Automotive ASA

Finacity Corporation (“Finacity”) announces the closing of a trade receivables securitization program for Kongsberg Automotive ASA [OB: KOA] (“Kongsberg Automotive”), the Norwegian supplier to the global automotive industry. The securitization program finances trade receivables originated by the company’s businesses in the US, Canada, France, Poland and Slovakia.

Press Release

May 2020

Finacity Arranges Receivables Securitization for Startek, Inc.

Finacity Corporation (“Finacity”), a member of the Greensill family of companies, announces the close of a trade receivables securitization program for Startek, Inc. (“Startek”) in April 2020. The securitization program finances receivables originated by Startek’s entities in the United States.

Sign up to monthly insights in our newsletter

Subscribe to the Greensill monthly newsletter to discover the latest in news, views and insights in the world of balance sheet optimisation, working capital and supply chain finance. Join the discussion today.