Finacity Arranges $50M Receivables Facility for Advancion
Finacity Corporation has facilitated a $50 million receivables financing facility for Advancion Corporation, backed by trade receivables from the U.S., Germany, and Singapore.
Finacity Corporation, a subsidiary of White Oak Global Advisors, announced Wednesday that it has arranged a $50 million receivables financing facility on behalf of Advancion Corporation, a specialty chemicals company jointly held by private equity firms Ardian and Golden Gate Capital.
The facility is funded by a global investment firm through its credit funds and accounts, and is secured by accounts receivable generated by Advancion and its subsidiaries across three countries: the United States, Germany, and Singapore. The cross-border collateral structure reflects the international footprint of Advancion's operations.
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Finacity served as administrator for the transaction, providing analytical and execution support during the setup phase. The firm will also handle ongoing program administration and reporting duties for the life of the facility, a role consistent with its broader mandate as a structured finance specialist.
The deal illustrates continued appetite among specialty lenders for receivables-based financing structures, which allow companies to unlock liquidity tied up in outstanding invoices without taking on traditional term debt. For Advancion, backed by two major private equity sponsors, the facility offers flexible working capital capacity against its existing trade flow.
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