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Finacity facilitates daily funding and reporting at an annual run rate of over $100 billion in receivables with obligors in more than 175 countries

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

Nov, 2014 by

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 www.cma-cgm.com.

About NORD/LB
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 www.nordlb.com or www.nordlbnewyork.com.

About FINACITY
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 www.finacity.com.

For more information on this transaction, please contact:

FINACITY
Info
Info@finacity.com
(203) 428-3500

NORD/LB
Edward Weber
+1 (212) 812-6949
edward.weber@nordlb.com

CMA CGM
Media Relations
+33 4 88 91 90 35
media@cma-cgm.com