Finacity Closes Major Securitization Facility
Finacity Corporation, a notable player in capital markets, recently closed a significant $250 million receivables securitization facility for Kellermeyer Bergensons Services (KBS), a distinguished provider of facility management services across North America.
Empowering Growth through Financial Solutions
This securitization facility is pivotal for financing KBS’s receivables, enabling the company to further its growth initiatives. Finacity played a crucial role, providing analytical and structuring support throughout the transaction and continuing its involvement as the program administrator and reporting agent.
Strategic Partnership with Capital One
Capital One, N.A. served as the sole lender and administrative agent for this transaction. The collaboration reinforces the commitment of both organizations to support KBS in achieving its financial objectives.
Insights from KBS Leadership
Norman Bishop, CFO of KBS, expressed optimism about the future, stating, "This financing strengthens KBS's position for continued growth. We appreciate the trust of our lending partners and look forward to building on these relationships as we execute our long-term strategy." This statement highlights the importance of strong financial backing in sustaining business growth.
About Finacity Corporation
Finacity specializes in efficient capital markets receivables funding programs and offers back-up servicing and program administration. They currently manage an impressive annual receivables volume exceeding $200 billion. With a global reach, Finacity operates in over 210 countries and territories, enabling businesses worldwide to access needed funding.
Leading the Charge in Financial Services
Affiliated with White Oak Global Advisors, LLC, Finacity stands out as a leader in providing financial solutions aimed at supporting small and medium enterprises. Their extensive expertise ensures clients receive tailored services that meet their specific needs.
About Kellermeyer Bergensons Services
Kellermeyer Bergensons Services has established itself as a trusted partner in delivering clean, safe, and efficient environments for clients over the past 50 years. With a robust workforce of 30,000 team members, KBS maintains over 2 billion square feet of facilities, emphasizing the company’s significant role in the facility management sector across North America.
Investments in technology and a focus on performance have positioned KBS as a national leader. This investment not only enhances operational efficiency but also reinforces the trust clients place in their services.
Contact Information for Additional Queries
For more details regarding this significant transaction, please reach out to:
Finacity Corporation
Jason Kim
Tel: +1 203-428-3520
Email: JKim@WOFinacity.com
Frequently Asked Questions
What is the purpose of the $250 million securitization facility?
The facility is intended to finance Kellermeyer Bergensons Services' receivables to support their growth initiatives.
Who administered the securitization process?
Finacity Corporation acted as the program administrator and reporting agent throughout the process.
Which financial institution provided the funding?
Capital One, N.A. served as the sole lender and administrative agent for the securitization facility.
How long has Kellermeyer Bergensons Services been in operation?
Kellermeyer Bergensons Services has been operating for over 50 years, providing facility management services.
How many employees does KBS have?
KBS employs approximately 30,000 team members across North America.
