SOURCE: Finacity

Finacity

Finacity

Finacity

January 18, 2011 08:32 ET

Finacity and Fortis Commercial Finance Facilitate a EUR 20 Million Trade Receivables Funding Program for Portugal Headquartered INAPA Group's Subsidiary in Spain

NEW YORK, NY--(Marketwire - January 18, 2011) - Finacity Corporation ("Finacity") and Fortis Commercial Finance ('FCF') announced that they successfully closed a trade receivables funding program for INAPA Spain. The funding facility provides INAPA Spain with up to EUR 20 Million in receivables financing.

About INAPA Group

INAPA, headquartered in Portugal, is one of Europe's leading paper suppliers, with a particularly strong presence in Germany, France, Switzerland, Spain and Portugal. The Group's main activity is the sale and distribution of commercial printing and office papers to printers, publishing houses and corporate entities.

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.

About Fortis Commercial Finance

Fortis Commercial Finance (FCF), headquartered in The Netherlands, is a globally leading service provider for commercial finance and factoring. FCF's main activity is to provide financing, receivables management and risk coverage services across Europe. FCF, with offices in 13 countries, is fully-owned by ABN AMRO Bank N.V. and will be rebranded by February 21 towards ABN AMRO Commercial Finance.

Contact Information

  • For more information on this transaction please contact:

    Finacity Corporation

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

    Jim Leonard (USA)
    Tel +1 203 428 3548
    Email Contact

    ABN AMRO / Fortis Commercial Finance

    Pierre de Corta
    Tel + 33 155 677 521
    Email Contact

    Jeroen van Maarschalkerweerd
    Tel +31 20 628 4748
    Email Contact