Articles from Finacity

STAMFORD, Conn., Aug. 26, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announces that, in cooperation with Fifth Third Bank National Association (“Fifth Third Bank”), it has successfully completed an amendment and three-year extension of a trade receivables securitization for Black Box Corporation (“Black Box”), a global leader in digital infrastructure solutions.

STAMFORD, Conn., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announced that it has successfully launched three new accounts receivables funding programs with a combined total of US $340 million of committed capital. All three programs were funded by a non-bank financial institution.

STAMFORD, Conn., July 14, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has facilitated the successful launch of a new trade receivables financing facility for Spark Global BT Limited (“Spark”), a leading UK-headquartered producer of promotional services globally.

STAMFORD, Conn., June 11, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated the sale of a MXN$ 300 million portfolio of consumer loans originated by Baracaf, S.A. de C.V., SOFOM, E.N.R. (“Crediapoyo”). The sale was done through a Mexican trust and sold to a global alternative asset management firm. Finacity acted as structuring agent and will serve as the Master Servicer responsible for all ongoing program administration and reporting.

STAMFORD, Conn., June 10, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, announced that it has successfully launched a trade receivables securitization for Grupo Pochteca, S.A.B. de C.V. (“Pochteca”). The transaction amount is MXN 350 million and is being funded by a Mexican bank. The transaction includes most of the trade receivables originated by Pochteca Materias Primas, S.A. de C.V. and Pochteca Papel, S.A. de C.V. in Mexico. The securitization has been assigned a local ‘AAA’ rating with stable outlook by PCR Verum, Calificadora de Valores, S.A.P.I.. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., June 09, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) a White Oak Global Advisors company, and Santander CIB announce a successfully launched trade receivables securitization renewal for The Vita Group (“Vita”), a United Kingdom headquartered leading producer of flexible polyurethane foam.

STAMFORD, Conn., March 17, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced today that it has successfully facilitated a new payables finance facility for use by ARZYZ USA, Inc., a U.S. subsidiary of Monterrey, Mexico-based ARZYZ S.A. de C.V. (“ARZYZ”), which is in turn one of Mexico’s largest companies in the non-ferrous metals sector and particularly in the manufacturing of aluminum alloys and the marketing of primary metals. The facility, which is drawable in US dollars by ARZYZ USA for up to US$ 30 million, will be utilised for general working capital purposes as well as for business growth.

STAMFORD, Conn., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, today announced that it was honored to receive the 2024 Connecticut District Export Council (“DEC”) Award at the Connecticut Manufacturing Summit in Hartford, CT. The award, presented by The CT DEC, Governor Lamont and Senator Blumenthal exemplifies excellence in cross border growth during the prior calendar year. Finacity Corporation continuously succeeds in providing working capital solutions on a global scale at the most efficient pricing. CT Congressman, Jim Himes adds, “I’m elated that Finacity was selected to receive the 2024 Connecticut District Export Council Award. Headquartered in Stamford, Finacity serves over 200 countries, encapsulating the spirit of this award which celebrates local companies with a global presence.”

STAMFORD, Conn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated the sale of a MXN$ 280 million portfolio of consumer loans originated by Baracaf, S.A. de C.V., SOFOM, E.N.R. (“Crediapoyo”). The sale was done through a Mexican trust and sold to a global alternative asset management firm. Finacity acted as structuring agent and will serve as the Master Servicer responsible for all ongoing program administration and reporting.

STAMFORD, Conn., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company (“Finacity”), announced today that it has successfully facilitated a new Lender Finance Program for Volo Fin Pte Ltd (“Volo Fin”), a leading cross-border factoring company headquartered in Singapore. The programme, which is drawable by Volo Fin in either US dollar or euro installments, may ultimately provide the company with up to US$ 50 million of incremental financing. Volo Fin intends to utilize the programme as a tool with which to further grow its business, possibly including expansion into other jurisdictions.

STAMFORD, Conn., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $40 million to $45 million for the commitment capacity of the Accounts Receivable Securitization Program of Hyperion Materials & Technologies Inc. (“Hyperion”), headquartered in Worthington, Ohio. Finacity has also completed an amendment to the program which added three additional US entities and one additional European entity to the program. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales.

GENOA, Italy and KYIV, Ukraine and STAMFORD, Conn. and NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling steel mills headquartered in Genoa, Italy, which are part of Metinvest Group (“Metinvest”) with assets based in Ukraine, the EU, the UK and the US. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.

STAMFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B. de C.V. (“Vitro”) (BMV: VITROA) from $175 million to $225 million. The transaction allows for up to $225 million in funding of the senior tranche from a U.S. based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated note to achieve off-balance sheet treatment. The transaction includes the trade receivables originated by certain subsidiaries of Vitro in the United States of America, Mexico and Canada. The transaction’s trade receivables are in 3 currencies: USD, MXN and CAD. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., June 03, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a receivables securitization program upsize from USD 100 million to USD 120 million for Pyxus International, Inc. (OTCPK: PYYX), a global value-added agricultural company. This transaction, which has been continuously outstanding since 2006, consists of a multi-currency and multi-country program and includes trade receivables originated by a US seller and a European seller. Finacity has acted as the administrator since inception, providing structuring and execution support, and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., April 29, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 150 million receivables securitization program for one of the world's largest air cargo operators. This transaction is structured as a multi-currency and multi-country transaction and includes billed and unbilled trade receivables originated by the company. Finacity acted as the administrator providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). The transaction allows for up to $250 million in funding of the senior tranche through the securitization of VCNA’s U.S. and Canadian receivables. Finacity served as structuring agent and coordinating the renewal process on behalf of the company. Finacity serves as the ongoing Administrator and provider of reporting services for the program.

STAMFORD, Conn., March 19, 2024 (GLOBE NEWSWIRE) -- – Finacity Corporation (“Finacity”), a White Oak Company, and Synovus Bank (“Synovus”) today announced that they have successfully arranged and closed a USD 30 million receivables-based loan program for Novaria Holdings LLC (“Novaria”), a leading manufacturer of specialty aerospace hardware. Finacity acted as the administrator providing structuring and execution support and is responsible for the ongoing program administration and reporting. Synovus acted as the lender and facility agent.

STAMFORD, Conn., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated the funding of more than $1 trillion of trade receivables over the past 5 years on behalf of its clients. Finacity has leveraged its proprietary technology platform, developed and improved upon throughout its 23-year history, to significantly expand its global reach and operational capabilities, including daily collateral and monthly servicer reporting and an interactive web-based dashboard and visualization tool. Notable metrics during the past 5 years:

STAMFORD, Conn., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of an additional $1 billion, for the Accounts Receivable Securitization Program (“Program”) of Bunge Global SA (“Bunge”), a leading global agribusiness and food company. As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico and Poland, and 7 new subsidiary company originators for Bunge in its Program. Pricing for the Program includes premiums or discounts to the applicable margin tied to certain sustainability criteria, including, but not limited to, science-based targets (SBTs) that define Bunge’s climate goals within its operations and a commitment to a deforestation-free supply chain in 2025.

STAMFORD, Conn., Dec. 15, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) announced that it has successfully launched a trade receivables securitization for Laboratorios Sanfer, S.A. de C.V. (“Sanfer”). The transaction amount is MXN 1 billion, it has a 5 year tenor and is being funded by a Mexican bank. The transaction includes most of the trade receivables originated by Sanfer in Mexico. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully closed an upsize and expansion of its existing $75 million IFRS off-balance sheet receivables securitization program to $100 million for Swissport International AG (“Swissport”), headquartered in Opfikon, Switzerland. The expansion focuses on adding Swissport’s subsidiaries located in Switzerland. The program now provides liquidity to Swissport in the U.S., Australia, and Switzerland with funding in three currencies: USD, AUD, and CHF. Finacity has provided origination, analytic and structuring support and serves as the ongoing Administrator and provider of reporting services for the program.

CHESEAUX-SUR-LAUSANNE, Switzerland and PHOENIX and STAMFORD, Conn., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 50 million receivables securitization program for Switzerland and US-based Kudelski S.A. (“Kudelski”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS. The transaction includes trade receivables originated by certain subsidiaries of Kudelski in the United States of America and Switzerland. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announces that it has facilitated the renewal and investor transition to Mitsubishi UFJ Financial Group, Inc. (“MUFG”) of the $200 million Accounts Receivables Securitization Program for Cushman & Wakefield, a leading global real estate services firm headquartered in Chicago, IL.

LONDON and MADRID, Spain and LISBON, Portugal and TORONTO and STAMFORD, Conn., July 25, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announces that it has hosted four gatherings of senior finance professionals for an opportunity to network with peers and to learn about the very latest developments in trade receivables securitization and other working capital solutions. Trade receivables securitization can lower a company’s all-in financing costs and maximize liquidity, while diversifying sources of funding. It is also an opportunity for IFRS or GAAP off-balance sheet treatment of receivables through a facility which does not encumber other assets and has minimal covenants. The roundtables assembled at the United States Embassies and Consulates in London, Madrid, Lisbon, and Toronto resulted from the support of the U.S. Commercial Service, the trade promotion agency under the U.S. Department of Commerce. Additional gatherings are being arranged in Singapore, South Korea, Australia, Germany, Israel, Chile, Brazil, the Netherlands, Poland and Mexico.

STAMFORD, Conn., July 05, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, is pleased to announce that it has facilitated the increase of a receivables finance facility to EUR 13 million for Santa Fe Relocation, a global mobility company specializing in managing and delivering high-quality relocation services worldwide. The enhanced receivables facility includes sellers based in the United Kingdom, Belgium, France, the Netherlands and Italy and provides additional financing for the growth of the company.

STAMFORD, Conn., June 07, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully closed an expansion of its $75 million IFRS off-balance sheet receivables securitization program for Swissport International AG (“Swissport”), headquartered in Opfikon, Switzerland. The expansion focuses on adding Swissport’s subsidiaries located in Australia. The program now provides liquidity to Swissport in the U.S. and Australia with funding in two currencies: USD and AUD. Finacity has provided origination, analytic and structuring support and serves as the ongoing Administrator and provider of reporting services for the program. Peter Zmidzinski, Swissport’s Group Treasurer, added, “We are very pleased with the outcome and to work with Finacity and advisors as we extend the securitization scope and further enhance the liquidity position of the group.”

STAMFORD, Conn., March 06, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a EUR 75 million receivables securitization program for Sweden-based MGI – Media and Games Invest SE (“MGI”). The transaction allows for a senior tranche funded by a German based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment. The transaction includes trade receivables originated by certain subsidiaries of MGI in the United States of America and Germany. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully launched an off-balance sheet trade receivables securitization for a US-based technology company providing white-label cloud platforms for email and advanced messaging services for over 150 network operators and service providers globally.

STAMFORD, Conn., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully facilitated a $75 million IFRS off-balance sheet receivables securitization program for Swissport International AG (“Swissport”), headquartered in Opfikon, Canton of Zurich, Switzerland. The program focuses on Swissport’s subsidiaries located in the United States. Finacity has provided origination, analytic and structuring support and serves as the ongoing Administrator and provider of reporting services for the program.

STAMFORD, Conn., Jan. 04, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) successfully assisted in the extension and renewal of CEMEX, S.A.B. de C.V.’s (“CEMEX”) existing MXN 1.8 billion receivables securitization program in Mexico extending the program for 1.5 more years. Finacity provided analytic support and advisory services. Finacity serves as the ongoing Administrator for the program.

STAMFORD, Conn., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) announces today that they have successfully renewed and extended an existing receivables securitization for another 3 years with Hapag-Lloyd AG (“Hapag-Lloyd”) (FWB: HLAG), a company headquartered in Hamburg, Germany. The facility is collateralized by Hapag-Lloyd’s global freight receivables. Finacity serves as the ongoing Administrator, providing analytic, reporting and structuring support, as well as the Back-up Servicer for the multi-bank facility.

STAMFORD, Conn., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro, S.A.B. de C.V. (“Vitro”) (BMV:VITROA). The transaction allows for up to $175 million in funding of the senior tranche from a U.S. based bank, as well as an investment from Finacity Asset Management in the intermediate subordinated note to achieve off-balance sheet treatment. The transaction includes the trade receivables originated by certain subsidiaries of Vitro in the United States of America, Mexico and Canada. The transaction’s trade receivables are in 3 currencies: USD, MXN and CAD. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.

STAMFORD, Conn., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main, New York Branch (“DZ BANK”) announce that they have successfully upsized a trade receivables securitization for Nitron Group LLC (“Nitron”), a company headquartered in Greenwich, CT. The facility is collateralized by Nitron’s receivables for fertilizer distribution and importation services in Latin America, North America, Europe, and Africa.

STAMFORD, Conn., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, announced that it has successfully completed the facilitation of a new venture debt program for Immersive Group Gaming, Inc. (t/a Immersive Gamebox) from Harlan Capital Partners.  The new facility provides funding for the rapidly expanding operator of innovative immersive gaming experiences across the US and EMEA.  The first tranche discounted future receivables for an amount of USD 12.0 million.  Additional tranches are expected to follow.

STAMFORD, Conn., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Company, announced that it has successfully completed the facilitation of a new venture debt program for Immersive Group Gaming, Inc. (t/a Immersive Gamebox). The new facility provides funding for the rapidly expanding operator of innovative immersive gaming experiences across the US and EMEA. The first tranche discounted future receivables for an amount of USD 12.0 million. Additional tranches are expected to follow.