Finacity securitizes trade receivables for CHC Helicopter
Clients Finacity Corporation
Jones Day represented Finacity Corporation, a specialty finance company, in connection with the $40 million trade receivables securitization facility for CHC Helicopter Corporation, a leading provider of helicopter support to the oil and gas, search and rescue, helicopter training, and repair and overhaul industries. NORD/LB's commercial paper conduit, Hannover Funding Company LLC, funded the transaction. NORD/LB's Asset Backed Finance Group structured the transaction for Hannover Funding. Finacity served as Arranger, providing analytic and structuring support and serves as ongoing Administrator.