STAMFORD, CT--(Marketwire - Oct 10, 2012) - Finacity Corporation ("Finacity") announced today its successful facilitation of a syndication of a $250 million Revolving Receivables Purchase Facility supporting the ongoing sale by Trafigura AG of certain trade receivables. Through Finacity's efforts, the funding group was expanded to a total of six financial institution participants.
About Trafigura AG
Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV ("Trafigura").
Trafigura is one of the world's leading international commodity traders, specializing in the oil, minerals and metals markets, with 81 offices in 54 countries in Europe, Africa, Asia, Australia, and North, Central and South America. In the US, Trafigura has offices in Houston, Texas and Stamford, Connecticut.
Trafigura's primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates. It is the world's second largest independent non-ferrous trading company and the third largest independent oil trader.
Founded in 1993, the company is owned by its founding shareholders and senior management. It has achieved substantial growth in recent years, growing turnover from US$18 billion in 2004 to US$122 billion in 2011. For more information visit www.trafigura.com.
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity currently facilitates the financing and administration of an annual volume of receivables in excess of $50 billion. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.