Finacity, a White Oak Global Advisors Company, facilitated a $50 million receivables securitization program for Kudelski. The transaction allows for a senior tranche funded by a German bank, as well as an investment from Finacity Asset Management in the intermediate subordinated loan to achieve off-balance sheet treatment under IFRS. The transaction includes trade receivables originated by certain subsidiaries of Kudelski in the U.S. and Switzerland. Finacity acted as the structuring agent providing structuring and execution support and is responsible for ongoing program administration and reporting.
“We are pleased to announce the launch of a new securitization program, which seamlessly aligns with our Group’s financing strategy,” Mauro Saladini, CFO of Kudelski Group, said. “This program establishes a new facility that provides the Group with additional liquidity, thereby supporting and accelerating the growth of our expanding businesses.”
