SOURCE: Finacity

Finacity

May 08, 2014 11:56 ET

Finacity Announces the Launch of a US$ 15 Million Invoice Purchase Facility for a U.S. Nationwide Food Distributor

STAMFORD, CT--(Marketwired - May 8, 2014) - Finacity Corporation announced today that it had successfully arranged and structured a US$ 15 Million Invoice Purchase Facility for a leading US Nationwide Food Distributor. The Facility will be used by the client strategically to finance invoices related to important customer relationships on a non-recourse basis.

"We are extremely pleased that we were able to structure an asset-based funding solution that satisfied the multiple objectives of our client. This is a further example of Finacity's continued expansion of our Structured Working Capital Solutions product offerings," said Adrian Katz, Finacity CEO. "Factoring & Invoice Finance, Payables Supplier Finance & Reverse Factoring, and Asset Based Lending all continue to build upon, and complement, our leadership position in Trade Receivables Securitization."

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 currently facilitates the financing and administration of approximately $90 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world. For more information about our company, please visit www.finacity.com.

Contact Information

  • For more information, please contact Finacity Corporation:

    Bruce Miller
    Managing Director - Origination
    Office: (203)-428-3509
    Email: Email Contact

    Jim Leonard
    Managing Director - Alternative Funding Solutions
    Office: (203) 428-3584
    Email: Email Contact