STAMFORD, Conn., June 08, 2018 (GLOBE NEWSWIRE) -- 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 International
Alliance 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 Management
Finacity 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 Bank
DZ 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 Heslenfeld
USA Tel : 1 (203) 428-3519
theslenfeld@finacity.com
DZ Bank
Jayan Krishnan
USA Tel : 1-212-745-1678
jayan.krishnan@dzbank.com