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STAMFORD, Conn., March 23, 2017 -- Finacity Corporation (“Finacity”) and ING Belgium SA/NV announce that they have successfully launched a trade receivables securitization for C&W Facility Services Inc. (“C&W Services”), a business unit of Cushman & Wakefield Inc. headquartered in Chicago, IL. The facility allows for up to USD $100 million in funding and contemplates the addition of other jurisdictions.
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Finacity originated the transaction, provided analytic and structuring support, as well as serving as the ongoing Transaction Administrator; ING Belgium SA/NV structured the transaction and it was funded via ING LUXEMBOURG S.A.
About C&W Services
C&W Services is one of the largest facility services companies in the USA & Canada with a 65 year history of helping clients drive down operating expenses, increase facility efficiency, and enable strategic business decisions. Services are janitorial, maintenance, critical environments, landscaping, and office services. Formed by the merger of Cushman & Wakefield and DTZ, C&W Services is the only firm in commercial real estate to self-deliver facility services.
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 175 countries. For further information, please visit www.finacity.com.
About ING Belgium
ING Belgium SA/NV offers all customer segments, retail as well as private banking customers, small, medium-sized and large enterprises, a wide range of financial products and services via the distribution channel of their choice. ING Belgium SA/NV employs 8,282 people full time and is a subsidiary of ING Bank N.V. which offers services to 33 million individual, corporate and institutional customers in more than 40 countries in Europe, North America, Latin America, Asia and Australia.
For more information on this transaction, please contact:
Finacity Corporation
Philip Nuelle
USA Tel : 1 (203) 428-3546
[email protected]
ING
Amador Malnero
+32 2 547 36 44
[email protected]
