SOURCE: Finacity Corporation

Finacity Corporation

August 17, 2011 08:20 ET

Finacity and NORD/LB Announce an Increase to $75 Million of a Trade Receivable Securitization Facility for CHC Helicopter Corporation

STAMFORD, CT--(Marketwire - Aug 17, 2011) - Finacity Corporation ("Finacity") announced today that together with Norddeutsche Landesbank Girozentrale ("NORD/LB"), it has facilitated the successful increase from $55 million to $75 million of an existing trade receivable securitization for CHC Helicopter Corporation. The program upsize involves the addition of Australian receivables combined with European receivables.

About CHC Helicopter Corporation
CHC Helicopter provides skilled, secure transportation to offshore oil and gas platforms and other sea-based installations, civilian search-and-rescue services, and helicopter maintenance repair and overhaul. The company is headquartered in Vancouver, B.C., Canada, and operates more than 250 aircraft in about 30 countries around the world.

About Finacity Corporation
Finacity Corporation specializes in the arranging and structuring of efficient capital markets funding programs, state-of-the-art servicing, and bond administration. Finacity's founding partners include Bank of America Merrill Lynch, Euler Hermes and ABN AMRO Bank. For more information about Finacity, please visit www.finacity.com.

About NORD/LB
NORD/LB ranks as number 50 among the world's banks. From its securitization base in New York, the bank specializes in securitization and other structured transactions for its U.S. and European corporate clients. More information on NORD/LB can be found at www.nordlb.com.

Contact Information

  • For more information on this transaction please contact:

    Thomas Heslenfeld
    SVP
    Finacity Corporation
    tel 203-428-3519 (USA)
    Email Contact