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     895  0 Kommentare NORD/LB and FINACITY Arrange US $880,000,000 Trade Receivables Securitization Facility for France Headquartered CMA CGM

    NEW YORK, NY--(Marketwired - Nov 25, 2014) - Finacity Corporation ("FINACITY") and Norddeutsche Landesbank Girozentrale ("NORD/LB") announced that they have successfully launched a multi-jurisdiction trade receivables securitization for CMA CGM SA ("CMA CGM"), allowing up to US $880 million in funding through a 5-bank syndicated facility.

    NORD/LB and FINACITY served as Joint Arrangers. NORD/LB, acting as Agent, structured the transaction, funding it through their commercial paper conduit, Hannover Funding Company LLC. FINACITY provided analytic and structuring support and serves as an ongoing Administrator and Back-up Servicer.

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    About CMA CGM Group
    The CMA CGM Group, founded and managed by Jacques R. Saadé, is currently the third largest container shipping company in the world and number one in France. The Group's turnover was 15.9 billion USD in 2013. Its current fleet of 443 vessels calls in more than 400 ports over the world and shipped 11.4 million TEUs (Twenty Equivalent Units) in 2013. With a network of 650 offices in 150 countries, CMA CGM has more than 18,000 employees, 2,400 of whom are based in Marseilles where it has its registered office. For more information, please visit www.cma-cgm.com.

    About NORD/LB
    NORD/LB is one of the eight leading banks in Germany. Established almost 250 years ago, NORD/LB is a universal bank and the market leader in Northern Germany, lending to private, commercial and corporate customers. NORD/LB is also recognized as a leading bank in international ship, aircraft, renewable energy and infrastructure finance. NORD/LB's Asset Backed Finance Group, based in New York, specializes in securitization transactions for the bank's customers. More information on NORD/LB can be found at www.nordlb.com or www.nordlbnewyork.com.

    About FINACITY
    FINACITY specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond 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 165 countries. For further information, please visit www.finacity.com.

    For more information on this transaction, please contact:

    FINACITY
    Charles Nahum
    Tel +44 20 7935 3390
    Email Contact

    NORD/LB
    Edward Weber
    Tel +1 212 812 6949
    Email Contact

    CMA CGM
    Media Relations
    Tel +33 4 88 91 90 35
    Email Contact





    Verfasst von Marketwired
    NORD/LB and FINACITY Arrange US $880,000,000 Trade Receivables Securitization Facility for France Headquartered CMA CGM NEW YORK, NY--(Marketwired - Nov 25, 2014) - Finacity Corporation ("FINACITY") and Norddeutsche Landesbank Girozentrale ("NORD/LB") announced that they have successfully launched a multi-jurisdiction trade receivables securitization for CMA CGM SA …

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