SOURCE: Finacity

Finacity

November 13, 2013 12:14 ET

Finacity Announces the Launch of a $350 Million Global Freight Receivables Securitization Facility for Germany Headquartered Hapag-Lloyd Group

HAMBURG, GERMANY and LONDON, UNITED KINGDOM and NEW YORK, NY--(Marketwired - Nov 13, 2013) - Finacity Corporation ("Finacity") announces today that it has facilitated the successful launch of a new $350 million freight receivables securitization for Hapag-Lloyd Group ("Hapag-Lloyd"), a leading global liner shipping company, to replace their existing North American facility.

Finacity served as Arranger, providing analytic and structuring support and serves 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, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $75 billion. With a team in the USA and Europe, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.

Contact Information

  • For more information on this transaction please contact:

    Finacity
    Charles Nahum (UK)
    Tel +44 20 7935 3390
    Email Contact