SOURCE: Finacity

Finacity

March 28, 2014 08:30 ET

Finacity Facilitates EUR 280 Million Global Trade Receivables Securitization on Behalf of Archer Daniels Midland Company

NEW YORK, NY--(Marketwired - Mar 28, 2014) - Finacity Corporation ("Finacity") announced today that it has facilitated the successful closing of a global trade receivables securitization program for Archer Daniels Midland Company ("ADM") (NYSE: ADM). The securitization program will provide ADM with cash proceeds of up to EUR 280 million through the on-going purchase of receivables.

This program is intended to enhance ADM's financial flexibility by providing an additional source of funding for its operations.

Finacity helped ADM to launch the securitization by providing analytic and structuring support, and serves as on-going Administrator providing comprehensive reporting.

About Archer Daniels Midland Company
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 470 crop procurement facilities, and the world's premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries. For more information about ADM and its products, visit www.adm.com.

About Finacity Corporation
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 $90 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

  • Finacity Corporation
    Philip Nuelle
    Tel: (203) 428-3546
    Email: Email Contact