Business News • MarketWire • Finacity and NORD/LB Announce $100 Million Trade Receivables Securitization Facility for Germany Headquartered Hapag-Lloyd Group

Finacity and NORD/LB Announce $100 Million Trade Receivables Securitization Facility for Germany Headquartered Hapag-Lloyd Group

Finacity and NORD/LB Announce $100 Million Trade Receivables Securitization Facility for Germany Headquartered Hapag-Lloyd Group

HAMBURG, GERMANY and LONDON and NEW YORK, NY--(Marketwire - May 12, 2011) - Finacity Corporation ("Finacity") and Norddeutsche Landesbank Girozentrale ("NORD/LB") announce today that they have facilitated the successful closing of a trade receivables securitization for Hapag-Lloyd Group ("Hapag-Lloyd"). The funding agreement will initially provide Hapag-Lloyd cash proceeds of up to $100 million through the on-going purchase of receivables.

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