July 2011 by Finacity
Finacity and NORD/LB Announce an Increase to $125 Million of a Trade Receivable Securitization Facility for Alliance One International
Stamford, CT – July 11, 2011 – Finacity Corporation (“Finacity”) announced today that together with Norddeutsche Landesbank Girozentrale (“NORD/LB”), it has facilitated the successful increase from $100 million to $125 million of an existing trade receivables securitization for Alliance One International, Inc. (NYSE: AOI).
About Alliance One International, Inc.
Alliance One International, Inc. engages in purchasing, processing, storing, and selling leaf tobacco to cigarette manufacturers and other consumer tobacco products worldwide. The company is primarily involved in the processing and sale of flue-cured, burley, and oriental tobaccos. It also provides agronomy services for growing leaf tobacco. Alliance One International, Inc. is headquartered in Morrisville, North Carolina. www.aointl.com.
About Finacity Corporation
Finacity Corporation specializes in the arranging and structuring of efficient capital markets funding programs, state-of-the-art servicing, and bond administration. Finacity’s founding partners include Bank of America Merrill Lynch, Euler Hermes and ABN AMRO Bank. 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 more information on this transaction please contact:
Thomas Heslenfeld, SVP, Finacity Corporation
tel 203-428-3519 (USA)