Finacity, a White Oak Company, Increases IFRS Standard
STAMFORD, Connecticut, October 04, 2021 (GLOBE NEWSWIRE) – Finacity Corporation, a White Oak Company, (“Finacity”) has announced that it has successfully renewed and increased by 50% an off-balance sheet IFRS trade receivables securitization for a Canadian company and its subsidiaries, a joint venture that includes a Brazilian conglomerate. The transaction allows up to $ 225 million in senior tranche funding, as well as a $ 4 million investment from Finacity Asset Management in the intermediate subordinate note. Finacity served as the structuring agent coordinating the addition of new origination entities and the renewal process on behalf of the company. Finacity will continue to be responsible for the ongoing administration of the program and reports.
About Finacity, a White Oak Company
Finacity, a White Oak-based company, specializes in structuring and delivering effective debt financing programs in the capital markets, vendor and debt financing, safeguard services and bond administration. Finacity currently facilitates the financing and administration of an annual debt volume of approximately US $ 100 billion. With resources in the United States, Europe, Latin America and Asia, Finacity operates worldwide with debtors in 175 countries. Finacity, is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in creating and delivering financing solutions to facilitate the growth, refinancing and recapitalization of small and medium-sized businesses. For more information, please visit www.finacity.com.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”), along with its financing subsidiaries, provides more than twenty lending products in the market, including term, asset and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed more than $ 9 billion across its product lines, using a disciplined investment process that focuses on providing risk-adjusted investment returns to investors throughout by establishing long-term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.
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a white oak company