Business NewsMarketWire • Finacity Facilitates EUR 11.5 Million of Trade Receivable Funding for Barcelona-Headquartered ERCROS, SA

Finacity Facilitates EUR 11.5 Million of Trade Receivable Funding for Barcelona-Headquartered ERCROS, SA

Finacity Facilitates EUR 11.5 Million of Trade Receivable Funding for Barcelona-Headquartered ERCROS, SA

BARCELONA, SPAIN and LONDON, UNITED KINGDOM and STAMFORD, CT--(Marketwired - Jan 30, 2015) - Finacity Corporation ("Finacity") announced today that it has facilitated a new EUR 11.5 million participation in a larger EUR 102 million syndicated factoring program for Ercros S.A. ("Ercros") (ECR.MC), a Spain-based producer of chemicals. Part of the participation amount replaces the commitment of an existing factor from a predecessor facility, while the remainder represents incremental new liquidity for the company.

View More : http://www.marketwired.com/mw/release.do?id=1987415&sourceType=3
Releted News by marketwire
Finacity Facilitates EUR 11.5 Million of Trade Receivable Funding for Barcelona-Headquartered ERCROS, SA