SOURCE: Finacity


February 01, 2010 16:01 ET

Finacity and NORD/LB Announce an Increase to $55 Million for CHC Helicopter's Trade Receivable Securitization Facility

NEW YORK, NY--(Marketwire - February 1, 2010) - Finacity Corporation ("Finacity") announced today that, together with Norddeutsche Landesbank Girozentrale ("NORD/LB"), it has facilitated a successful size increase to $55 million of a European trade receivables securitization for CHC Helicopter.

About CHC Helicopter

CHC Helicopter, headquartered in Canada, is a leading provider of helicopter support to the oil and gas industry, search and rescue, helicopter training, repair and overhaul. CHC Helicopter operates approximately 270 aircraft in 35 countries. More information can be found at

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity is located in the USA and Europe. For more information about Finacity, please visit


NORD/LB ranks as number 50 among the world's banks. From its securitization base in New York, the bank specializes in securitization and other structured transactions for its U.S. and European corporate clients. More information on NORD/LB can be found at For securitization information, call Omar Bolli at 212-812-6946.

Contact Information

  • For more information on this transaction please contact:

    Tom Heslenfeld
    Finacity Corporation
    tel 203-428-3519 (USA)

    Edward Weber
    tel 212-812-6949 (USA)