STAMFORD, CT--(Marketwired - Jan 4, 2016) - Finacity Corporation ("Finacity") announced that it has successfully launched a combined receivables securitization program for Papier Union GmbH ("Papier Union") and PMF Factoring GmbH ("PMF Factoring"), allowing up to EUR 100 million in funding through a leading European bank.
Finacity acted as Joint Arranger and provided analytic and structuring support. It also serves as the transaction's Administrator.
About Papier Union
Papier Union is part of Inapa, a leading European paper merchant group. The Papier Union group is a service provider for the printing industry, supply partner for office supplies, offers packaging solutions as well as services as a system house for outdoor advertising and display. Papier Union provides tailor-made products and services, a proven logistics system geared precisely to clients' needs and a close client working relationship and competent consulting by 800 employees and a broad local office network. For more information, please visit www.papierunion.de.
About PMF Factoring
PMF Factoring is one of the largest bank-independent factoring companies in Germany, concentrating on medium sized corporations. PMF Factoring began as a subsidiary of Papier Union, but has since become its own entity, contributing its own receivables into the combined securitization program. PMF Factoring's success has been driven by high consulting competency, transparent rates and fair contract terms. PMF Factoring strives to help their customers concentrate on their core business and watch sales grow. For more information, please visit www.pmf-factoring.de.
About Finacity
Finacity specializes in the structuring and provision of efficient working capital 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 more than 165 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Contact Information:
Finacity
Charles Nahum
+44 20 7935 3390