Finacity Arranges $50M Receivables Facility for Advancion Corp
Finacity Corporation facilitated a $50 million receivables financing facility for Advancion Corporation, backed by trade receivables from the U.S., Germany, and Singapore.
Stamford, Conn.-based Finacity Corporation, a subsidiary of White Oak Global Advisors, has arranged a USD 50 million receivables financing facility for Advancion Corporation, a specialty chemical company jointly held by private equity firms Ardian and Golden Gate Capital, the company announced Thursday.
The facility is funded by a global investment firm and its affiliated credit funds and accounts. It is collateralized by accounts receivable generated by Advancion and its subsidiaries across three countries: the United States, Germany, and Singapore, reflecting the company's multinational operating footprint.
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Finacity served as program administrator, providing analytical and execution support throughout the transaction's structuring process. The firm will also oversee ongoing administration and reporting for the life of the facility, a standard role it plays in trade receivables programs of this type.
Receivables financing arrangements allow companies to convert outstanding invoices into immediate liquidity without taking on traditional debt, offering an alternative funding mechanism that can complement existing credit facilities. The cross-border nature of the collateral pool — spanning North America, Europe, and Asia-Pacific — underscores the global scope of Advancion's operations.
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