SOURCE: Finacity

Finacity

September 09, 2013 08:30 ET

Finacity Announces the Launch of a US$ 15 Million Receivable-Based Loan Facility for MSX International, Inc.

STAMFORD, CT--(Marketwired - Sep 9, 2013) - Finacity Corporation ("Finacity") announced today that it has successfully arranged and structured a US$ 15 million Loan Facility (the "Facility") for MSX International, Inc. (the "Company"). Under the Facility, the Company will be permitted to borrow against eligible European accounts receivable.

About MSX International, Inc.

Headquartered in Warren, Mich., with decades of experience and more than 5,000 industry experts in 50 countries, MSX International serves as a perpetual pioneer, opening new roads in the retail network and human capital solutions spaces. Leveraging its expertise in the passionate pursuit of outstanding results, MSXI is adept at bringing innovative resolution to both its customers' opportunities and their complex challenges.'

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 an annual volume of receivables in excess of $60 billion. With locations in the USA and Europe, Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.

Contact Information

  • For more information on this transaction, please contact:

    Tom Heslenfeld
    Finacity Corporation
    Tel: (203) 428-3591

    or

    Jim Leonard
    Finacity Corporation
    Tel: (203) 428-3584