Finacity Announces an Increase to $125 Million of a Trade Receivables Securitization Facility for C&W Services
STAMFORD, Conn., Aug. 27, 2018 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) announces that it has facilitated the successful increase to $125 million of an existing trade receivables securitization for C&W Facility Services Inc. (“C&W Services”), a business unit of Cushman & Wakefield plc headquartered in Chicago, IL. The increase was primarily the result of integrating Cushman & Wakefield PTY Ltd. (Australia) into the existing facility.
About C&W ServicesC&W Services is one of the largest facility services companies in the USA & Canada with a 65 year history of helping clients drive down operating expenses, increase facility efficiency, and enable strategic business decisions. Services are janitorial, maintenance, critical environments, landscaping, and office services. Formed by the merger of Cushman & Wakefield and DTZ, C&W Services is the only firm in commercial real estate to self-deliver facility services.
About FinacityFinacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Finacity CorporationPhilip NuelleUSA Tel : 1 (203) 428-3546 email@example.com