Finacity Upsizes Hyperion A/R Securitization Program to $45MM

Finacity, a White Oak Company, facilitated an increase from $40 million to $45 million for the commitment capacity of the Accounts Receivable Securitization Program of Hyperion Materials & Technologies._x000D_
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Finacity has also completed an amendment to the program, which added three additional U.S. entities and one additional European entity to the program. The program includes substantially all of Hyperion’s U.S. sales and a portion of Hyperion’s European sales._x000D_
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“Our AR program has served well as a low-cost mechanism to fund short term operational needs, and the amendments made have significantly improved overall efficiency of the program,” Andrew Serhal, vice president, tax and treasury forHyperion’s VP, tax and treasury, said. “We’re very happy with the outcome and look forward to a strong continued partnership with Finacity.”