Finacity Corporation (Finacity), a White Oak company, announced today that it has successfully renewed and upsized its existing IFRS off-balance sheet trade receivables securitisation for Votorantim Cimentos North America Inc. (VCNA).
The transaction allows for up to US$250m in funding of the senior tranche through the securitisation of VCNA’s U.S. and Canadian receivables. Finacity served as structuring agent and coordinating the renewal process on behalf of the company. Finacity serves as the ongoing Administrator and provider of reporting services for the program.
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