Finacity & DZ Bank Renew a Receivables Securitization of up to USD 125 million for Alliance One International (NYSE:AOI)
08 Junio 2018 - 7:30AM
Finacity Corporation (“Finacity”) and DZ Bank announce they have
successfully renewed a trade receivables securitization for
Alliance One International (NYSE:AOI) (“AOI”), headquartered in
Morrisville, NC, USA. The facility allows for up to USD $125
million in funding.
Finacity provided analytic support,
co-structured the transaction, and serves as the ongoing
Transaction Administrator; DZ Bank co-structured the transaction
and it was funded via Autobahn Funding (DZ Bank conduit).
About Alliance One
InternationalAlliance One International, Inc. purchases,
processes, packs, stores, and ships leaf tobacco for manufacturers
of cigarettes and other consumer tobacco products worldwide. It
operates in five segments: Africa, Asia, Europe, North America, and
South America. The company is involved in processing and selling
flue-cured, burley, and oriental tobaccos, which are used in
international brand cigarettes. It also provides agronomy services
for growing leaf tobacco. The company was founded in 1904 and is
headquartered in Morrisville, North Carolina.
About Finacity and Finacity
Capital ManagementFinacity specializes in the
structuring and provision of efficient capital markets receivables
funding programs, supplier and payables finance, back-up servicing,
and program administration. Finacity currently facilitates the
financing and administration of an annual receivables volume of
approximately US $100 billion. With resources in the USA, Europe
and Latin America, Finacity conducts business throughout the world
with obligors in 175 countries. For further information, please
visit www.finacity.com.
About DZ BankDZ Bank AG, a
central and commercial bank, provides various financial products
and services to retail, corporate, and institutional customers in
Germany and internationally. It offers retail banking securities
services; payments processing services; lending, leasing, and
investment products; consumer finance services; and commercial
real-estate finance. The company also provides investment and risk
management products. The company functions as a central institution
for approximately 850 cooperative banks and their 10,000 branch
offices. DZ Bank AG is based in Frankfurt am Main, Germany.
For more information on this transaction, please
contact:
Finacity
Corporation
Thomas HeslenfeldUSA Tel : 1 (203)
428-3519theslenfeld@finacity.com
DZ BankJayan KrishnanUSA Tel :
1-212-745-1678jayan.krishnan@dzbank.com
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