Finacity facilitates a $75 million receivables securitization program for Swissport International
Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, has successfully facilitated a $75 million IFRS off-balance sheet receivables securitization program for Swissport International AG (“Swissport”), headquartered in Opfikon, Canton of Zurich, Switzerland.
The program focuses on Swissport’s subsidiaries located in the United States. Finacity has provided origination, analytic and structuring support and serves as the ongoing Administrator and provider of reporting services for the program. Group Treasurer of Swissport International AG, Peter Zmidzinski, commented on the program, saying, “We are very pleased to be able to execute in a timely and efficient manner thanks to our US team and external advisers. Together with the Group’s refinancing in September 2022, we have secured additional liquidity to support the continuing operational ramp up and growth plans.”