Finacity increases existing trade receivables securitization facility for CHC Helicopter
Clients Finacity Corporation
Jones Day represented Finacity Corporation, a specialty finance company, in connection with a successful increase to $75 million of an existing 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. The program upsize involved the addition of Australian combined with European receivables. 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.