Finacity Facilitates Increase and Expansion of Accounts Receivable Securitization Program to $1.5 Billion with a $1 Billion Accordion Feature for Bunge
03 Enero 2024 - 7:30AM
Finacity Corporation (“Finacity”), a White Oak Company, today
announced that it has facilitated an increase from $1.1 billion to
$1.5 billion of the commitment capacity, with an accordion feature
of an additional $1 billion, for the Accounts Receivable
Securitization Program (“Program”) 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 Program
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
At Bunge (NYSE: BG) the purpose is to connect
farmers to consumers to deliver essential food, feed and fuel to
the world. With more than two centuries of experience, unmatched
global scale and deeply rooted relationships, Bunge works to
strengthen global food security, increase sustainability where it
operates, and help communities prosper. As the world’s leader in
oilseed processing and a leading producer and supplier of specialty
plant-based oils and fats, Bunge values its partnerships with
farmers to bring quality products from where they’re grown to where
they’re consumed. At the same time, Bunge collaborates with its
customers to develop tailored and innovative solutions to meet
evolving dietary needs and trends in every part of the world. Bunge
has its registered office in Geneva, Switzerland and its corporate
headquarters in St. Louis, Missouri. Bunge has approximately 23,000
dedicated employees working across approximately 300 facilities
located in more than 40 countries.
About Finacity, a White Oak
CompanyFinacity, a White Oak Company, specializes in the
structuring and provision of efficient capital markets receivables
funding programs, back-up servicing, and program administration.
Finacity currently facilitates the financing and administration of
an annual receivables volume in excess of $200 billion. With
resources in the USA, Europe, Asia, and Latin America, Finacity
conducts business throughout the world with obligors in 175
countries. Finacity is affiliated with White Oak Global Advisors,
LLC, a leading alternative debt manager specializing in originating
and providing financing solutions to facilitate the growth,
refinancing and recapitalization of small and medium enterprises.
For further information, please visit www.finacity.com.
For more information on this transaction, please
contact:Finacity Corporation
Thomas HeslenfeldTel: +1 203-428-3519Email:
theslenfeld@wofinacity.com
Bunge Global (NYSE:BG)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Bunge Global (NYSE:BG)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025