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HPGLY - Finacity facilitates renewal of $550M securitization for Hapag-Lloyd
Hapag-Lloyd Aktiengesellschaft ADR
Finacity, a White Oak Co., has successfully renewed and extended an existing receivables securitization for another 3 years with Hapag-Lloyd AG ( OTCPK:HPGLY ), a company headquartered in Hamburg, Germany.
The facility is collateralized by Hapag-Lloyd’s global freight receivables.
Finacity serves as the ongoing Administrator, providing analytic, reporting and structuring support, as well as the Back-up Servicer for the multi-bank facility.