Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully closed an upsize and expansion of its existing $75m IFRS off-balance sheet receivables securitization programme to $100m for Swissport International AG (“Swissport”), headquartered in Opfikon, Switzerland. The expansion focuses on adding Swissport’s subsidiaries located in Switzerland. The programme now provides liquidity to Swissport in the U.S., Australia, and Switzerland with funding in three currencies: USD, AUD, and CHF. Finacity has provided origination, analytic and structuring support and serves as the ongoing Administrator and provider of reporting services for the program.
