Finacity and DZ Bank Facilitate a USD 155 Million Receivables Securitization for Alliance One International
June 15 2017 - 5:35PM
Finacity Corporation (“Finacity”) and DZ Bank AG (“DZ Bank”)
announce they have successfully launched a trade receivables
securitization for Alliance One International (NYSE:AOI). The
facility allows for up to USD 155 million in funding.
Finacity provided analytic support,
co-structured the transaction and serves as the ongoing Transaction
Administrator. DZ Bank co-structured and serves as the ongoing
Agent for the transaction, which was funded via Autobahn Funding
(DZ Bank sponsored ABCP conduit) and Finacity Capital
Management.
About Alliance One
InternationalAlliance One International, Inc. purchases,
processes, packs, stores, and ships leaf tobacco for manufacturers
of cigarettes and other consumer tobacco products worldwide. It
operates in five segments: Africa, Asia, Europe, North America, and
South America. The company is involved in processing and selling
flue-cured, burley, and oriental tobaccos, which are used in
international brand cigarettes. It also provides agronomy services
for growing leaf tobacco. The company was founded in 1904 and is
headquartered in Morrisville, North Carolina.
About Finacity and Finacity Capital
ManagementFinacity specializes in the structuring and
provision of efficient capital markets receivables funding
programs, supplier and payables finance, back-up servicing, and
program administration. Finacity currently facilitates the
financing and administration of an annual receivables volume of
approximately US $100 billion. With resources in the USA, Europe
and Latin America, Finacity conducts business throughout the world
with obligors in more than 175 countries. Finacity Capital
Management is a subsidiary of Finacity Corporation that provides
principal financing for securitizations in North America and
Europe. For further information, please visit www.finacity.com.
About DZ BankDZ Bank is the
second largest bank in Germany and acts as central bank for
approximately 970 cooperative banks with over 11,700 branches in
Germany. DZ Bank’s New York based Structured Finance Asset
Securitization unit offers specialty lender finance, structured
asset and accounts receivable financing solutions for a wide
variety of clients and asset types throughout North America.
For more information on this transaction, please contact:
Finacity Corporation
Thomas Heslenfeld
USA Tel : +1 (203) 428-3519
theslenfeld@finacity.com
Finacity Capital Management
Darren Davies
USA Tel : +1 (203) 428-3537
ddavies@finacity.com
DZ Bank
Jayan Krishnan
USA Tel +1 (212) 745-1678
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