Finacity Facilitates New Trade Finance Lines for P
Post# of 301275
STAMFORD, Conn., March 06, 2017 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) today announced its successful sourcing of a $5 million USD trade finance line for Luzar Trading S.A., a Panama-based trading house focused especially on the trading of corn, soy, wheat and other agricultural products and their derivatives.
This initial $5 million USD line supports the company’s sales into the Colombian market, and is part of a broader mandate under which Finacity has been engaged to assist Luzar in expanding its global funding relationships more generally. Additional credit facilities and lines are presently under discussion with other financial institutions.
About Luzar Trading S.A. Luzar is a commodities trader with more than 100 customers across the Americas specializing in agribusiness and supporting animal feed manufacturers for poultry, hog and cattle growers, as well as prawn exporters. Luzar also serves as a charter for its own flows, in addition to third party flows. For further information, please visit www.luzartrading.com
About Finacity 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 annual receivables volume of approximately $100 billion USD. 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 .
For more information on this transaction, please contact: Finacity Corporation Thomas Heslenfeld Senior Vice President Tel: +1 (203) 428-3519 theslenfeld@finacity.com Jim Leonard Managing Director Tel: +1 (203) 428-3584 jleonard@finacity.com
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