NORD/LB and Finacity Arrange $880 Million Trade Receivables Securitization Facility for France Headquartered CMA CGM

New York, NY – November 25th, 2014 – Finacity Corporation (“FINACITY”) and Norddeutsche Landesbank Girozentrale (“NORD/LB”) announced that they have successfully launched a multi-jurisdiction trade receivables securitization for CMA CGM SA (“CMA CGM”), allowing up to US $880 million in funding through a 5-bank syndicated facility.

NORD/LB and FINACITY served as Joint Arrangers. NORD/LB, acting as Agent, structured the transaction, funding it through their commercial paper conduit, Hannover Funding Company LLC. FINACITY provided analytic and structuring support and serves as an ongoing Administrator and Back-up Servicer.

About CMA CGM Group

The CMA CGM Group, founded and managed by Jacques R. Saadé, is currently the third largest container shipping company in the world and number one in France. The Group’s turnover was 15.9 billion USD in 2013. Its current fleet of 443 vessels calls in more than 400 ports over the world and shipped 11.4 million TEUs (Twenty Equivalent Units) in 2013. With a network of 650 offices in 150 countries, CMA CGM has more than 18,000 employees, 2,400 of whom are based in Marseilles where it has its registered office. For more information, please visit

NORD/LB is one of the eight leading banks in Germany. Established almost 250 years ago, NORD/LB is a universal bank and the market leader in Northern Germany, lending to private, commercial and corporate customers. NORD/LB is also recognized as a leading bank in international ship, aircraft, renewable energy and infrastructure finance. NORD/LB’s Asset Backed Finance Group, based in New York, specializes in securitization transactions for the bank’s customers. More information on NORD/LB can be found at or

FINACITY specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. FINACITY currently facilitates the financing and administration of an annual receivables volume of approximately US $100 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

For more information on this transaction, please contact:

Charles Nahum
+44 20 7935 3390

Edward Weber
+1 (212) 812-6949

Media Relations
+33 4 88 91 90 35

Latest News

Press Release

Sep 2022

Finacity and ING Belgium NV Facilitate Increase of Accounts Receivable Securitization Program to $200 Million for Cushman & Wakefield

Finacity Corporation (“Finacity”), a White Oak Company, and ING Belgium SA/NV announce that they have facilitated an increase from $125 million to $200 million of the commitment capacity for the Accounts Receivables Securitization Program for Cushman & Wakefield Inc. (“C&W”), a leading global real estate services firm headquartered in Chicago, IL.

Press Release

Jul 2022

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (“PPC”), the largest Greek electricity generator and the principal supplier of electricity in the country. The securitization program finances consumer and corporate receivables originated by PPC in Greece.

Press Release

Jul 2022

Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.

Finacity Corporation (“Finacity”), a White Oak Company, has successfully facilitated a $70 million receivables securitization program for American Airlines, Inc., headquartered in Fort Worth, Texas. The program focuses on a multi-country, multi-currency portfolio of cargo receivables from certain countries where the airline operates. Finacity provided origination, analytic and structuring support. Finacity serves as the ongoing Administrator for the program.