Cargo airline closes $150 million receivables securitisation

Finacity Corporation, a White Oak Global Advisors Company, has successfully facilitated a $150 million receivables securitisation program for one of the world’s largest air cargo operators. The transaction is structured as a multi-currency and multi-country transaction and includes billed and unbilled trade receivables originated by the company. Finacity acted as the administrator providing structuring and execution support and is responsible for ongoing program administration and reporting.