May 2020 by Finacity
Stamford, CT – May 12, 2020 – Finacity Corporation (“Finacity”) announces the December 2019 closing of a trade receivables securitization for Talen Energy Marketing, LLC, a wholly owned subsidiary of Talen Energy Supply, LLC (“Talen Energy”).
Finacity provided analytic and structuring support, as well as serving as the ongoing Transaction Administrator. The transaction is funded by a U.S. bank.
About Talen Energy
Talen Energy is one of the largest competitive energy and power generation and infrastructure companies in North America. The company owns and/or controls approximately 14,000 megawatts of generating capacity in well- developed, structured wholesale U.S. power markets, principally in the Northeast, Mid-Atlantic and Texas. For further information, please visit www.talenenergy.com.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
USA Tel: +1 (203) 428-3546