GENOA, Italy and KYIV, Ukraine and STAMFORD, Conn. and NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation ("Finacity"), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling steel mills headquartered in Genoa, Italy, which are part of Metinvest Group ("Metinvest") with assets based in Ukraine, the EU, the UK and the US. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator. The transaction has been structured by Banca Akros S.p.A (Gruppo Banco BPM), through an Italian Law 130 /99 special purpose vehicle issuing partially paid variable funding senior notes subscribed by Banco BPM S.p.A. as senior investor. Securitization is a part of Metinvest's funding strategy aimed at supporting sales in the EU and improving the working capital position of ...