Finacity facilitates increase and expansion of AR securitisation programme for Bunge
Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from US$1.1bn to US$1.5bn of the commitment capacity, with an accordion feature of an additional US$1bn, for the accounts receivable (AR) securitisation programme (“Programme”) 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 Programme 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. About Bunge
All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
Posted on Jan 3, 2024 Region: Global
securitisation Finacity, Bunge
