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HAMBURG, Germany, LONDON, and STAMFORD, Conn., Feb. 22, 2018 -- Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $500 million of an existing freight receivables securitization for Hapag-Lloyd Group (“Hapag-Lloyd”). This increase was primarily as a result of integrating the freight receivables of United Arab Shipping Company (“UASC”), recently merged with the group.
Finacity serves as Arranger, providing analytic and structuring support and as on-going Administrator and Back-up Servicer for this multi-bank facility.
About Finacity
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 US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries. For further information, please visit www.finacity.com.
For more information, please contact Finacity Corporation:
Charles Nahum (UK)
Tel: +44 (0)20 7935 3390
[email protected]
