HAMBURG, GERMANY and LONDON and NEW YORK, NY--(Marketwire - May 11, 2012) - Finacity Corporation ("Finacity") announces today that it has facilitated the successful increase to $150 million of an existing trade receivables securitization for Hapag-Lloyd Group ("Hapag-Lloyd").
Finacity served as Arranger, providing analytic and structuring support and serves as ongoing Administrator and back-up Servicer.
About Hapag-Lloyd
Hapag-Lloyd is a leading global liner shipping company with 143 modern ships, a transport volume of 1.3 million TEU (+11%) in Q1 2012 and more than 6,900 employees. The Company is present in more than 100 countries. For more than 160 years the Company has set industry-wide benchmarks for reliability, service, productivity and environmental protection.
About Finacity
Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit www.finacity.com.
Contact Information:
For more information on this transaction please contact:
Finacity
Charles Nahum (UK)
Tel +44 20 7935 3390