November 2011 by Finacity
Finacity Facilitates a Trade Receivables Funding Program for Portugal Headquartered Altri SPGS S.A.
7 November 2011 – Finacity Corporation (“Finacity”) announced it has successfully arranged and structured a trade receivables funding program for Altri SPGS S.A. (“Altri”). The syndicated funding facility, launched this week, optimizes financing against Altri’s domestic and international trade receivables.
Altri is a leading Portugal based pulp producer, focused on the production of bleached eucalyptus pulp. The company operates three pulp mills, namely Celbi, Caima and Celtejo, which jointly have the capacity to produce over 900,000 tones of pulp per annum. The company prides itself on being one of the lowest cost producers in Europe. Altri is listed on Euronext Lisbon and is a member of its main index, the PSI20. For more information about Altri, please visit www.altri.pt.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
For more information on this transaction please contact:
Charles Nahum (UK)
Tel +44 20 7935 3390
Jim Leonard (USA)
Tel +1 203 428-3584