Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.
July 11 2022 - 09:00AM
GlobeNewswire Inc.
Finacity Corporation (“Finacity”), a White Oak Company, has
successfully facilitated a $70 million receivables securitization
program for American Airlines, Inc., headquartered in Fort Worth,
Texas. The program focuses on a multi-country, multi-currency
portfolio of cargo receivables from certain countries where the
airline operates. Finacity provided origination, analytic and
structuring support. Finacity serves as the ongoing Administrator
for the program.
About American Airlines GroupTo
Care for People on Life’s Journey®. Shares of American Airlines
Group Inc. trade on Nasdaq under the ticker symbol AAL and the
company’s stock is included in the S&P 500. Learn more about
what's happening at American by visiting news.aa.com and connect
with American on Twitter @AmericanAir and at
Facebook.com/AmericanAirlines.
About Finacity, a White Oak
CompanyFinacity, a White Oak Company, specializes in the
structuring and provision of efficient capital markets receivables
funding programs, supplier and payables finance, back-up servicing,
and bond administration. Finacity currently facilitates the
financing and administration of an annual receivables volume of
approximately US $150 billion. With resources in the USA, Europe,
Latin America, and Asia, Finacity conducts business throughout the
world with obligors in 175 countries. Finacity is affiliated with
White Oak Global Advisors, LLC, a leading alternative debt manager
specializing in originating and providing financing solutions to
facilitate the growth, refinancing, and recapitalization of small
and medium enterprises.
For further information, please visit
www.finacity.com.
For more information on this transaction please contact:
FinacityThomas HeslenfeldTel:
+1 (203) 428 3519Email: theslenfeld@wofinacity.com
American Airlines (NASDAQ:AAL)
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