STAMFORD, CT--(Marketwired - Nov 25, 2014) - Finacity Corporation ("Finacity") announced today that it has successfully facilitated a $350 million trade receivables securitization for Korean Air Lines Company, Ltd. ("KAL"). The securitization has been assigned an 'Aa3' rating by Moody's Investors Service Hong Kong Limited.
Finacity will serve on an ongoing basis as the Trust Administrator for the program.
About KAL
Founded in 1969, KAL has grown to become a leader in the global transportation industry. Headquartered in Seoul, KAL operates in 45 countries with 125 destinations around the world. For more information, please visit www.koreanair.com.
About Finacity
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond 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 165 countries. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Contact Information:
Finacity Corporation
Jason Kim
Director, Deal Management and Execution
Tel : (203) 428 - 3520