January 2020 by Finacity
Stamford, CT – January 29, 2020 – Finacity Corporation (“Finacity”) announces the close of a trade receivables securitization for Nitron Group LLC (“Nitron”). The facility supported by Nitron’s global receivables portfolio allows for up to $200 million in funding.
Finacity provided analytic and structuring support, as well as serving as the ongoing Transaction Administrator.
About Nitron Group
Founded in 1982 and headquartered in Greenwich, CT, Nitron Group LLC is a leading global trader of chemical and agricultural fertilizers including urea, ammonium nitrate and sulfate, phosphates, and potash. . Serving clients in over 65 countries, the company offers a wide variety of services focused on the distribution, importation and warehousing of chemical and agricultural fertilizers, enabling clients in Latin America, North America, Europe and Africa to receive a product which meets the legal, safety and environmental standards. For further information, please visit www.nitrongroup.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) 428-3500