Swissport International upsizes and expands existing receivables securitisation program

Finacity, a White Oak Global Advisors Company, has successfully closed an upsize and expansion of its existing $75 million IFRS off-balance sheet receivables securitization program to $100 million for Swissport International, headquartered in Opfikon, Switzerland. The expansion focuses on adding Swissport’s subsidiaries located in Switzerland. The program now provides liquidity to Swissport in the US, Australia, and Switzerland with funding in three currencies: USD, AUD, and CHF. Finacity has provided origination, analytic and structuring support and serves as the ongoing administrator and provider of reporting services for the program. Peter Zmidzinski, Swissport’s Group Treasurer, said: “Swissport’s liquidity position continues to