September 2014 by Finacity
Stamford, CT – September 10th, 2014 – Finacity Corporation (“Finacity”) announced today that it has facilitated the successful closing and funding of an $80 million supplier finance program on behalf of a US company. This revolving structure has a three-year commitment and is financed by a non-bank funding source.
Finacity worked with the company to source financing and provided analytic and structuring support, as well as program administration, surveillance, and detailed daily reporting.
Our proprietary technology platform and structuring methodology provides client companies of all sizes with efficient supplier and payables finance solutions. Programs can be client-funded (deploying excess cash on a short-term basis for higher effective returns at zero credit risk), bank-funded, or financed via capital markets / non-bank financial institutions. Both investment grade and sub-investment grade companies (obligors) can be supported.
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, servicing, and bond administration. We currently facilitate the financing and administration of an annual volume of receivables of approximately US $95 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
Senior Vice President