Finacity Facilitates Renewal and Amendment of the $700 Million Global Trade Receivables Securitization Program on Behalf of Bunge
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 05/31/16 -- Finacity Corporation ("Finacity") announced today that it has facilitated the successful renewal and amendment of a global trade receivables securitization program for Bunge Limited (NYSE: BG) ("Bunge"). The securitization program will continue to provide Bunge with cash proceeds of up to $700 million through the on-going sale of certain trade receivables.
Finacity helped Bunge by providing analytic and structuring support, and serves as on-going Administrator providing comprehensive reporting.
The program will be funded through certain commercial paper conduit purchasers and committed purchasers. Each committed purchaser's commitment to purchase receivables under the securitization program will terminate on May 26, 2019 unless extended for an additional 1 or 2 year period in accordance with the terms of the receivables transfer agreement.
Bunge Limited () (NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
Finacity specializes in the structuring and provision of efficient receivables funding programs, state-of-the-art servicing and administration. Finacity conducts business throughout the world. For more information about Finacity, please visit .
Thomas Heslenfeld (USA)
Tel +1 203 428 3519
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Datum: 31.05.2016 - 12:30 Uhr
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