Generalfinance SpA: First trade receivables securitisation
Banca Akros acted as Financial Adviser.
Banca Akros acted as Financial Adviser in the first trade receivables securitisation originated byGeneralfinance SpA.
The securitisation programme, with a maximum revolving amount of €295 million, achievable over three years, relates to portfolios of performing trade receivables originated by Generalfinance during the exercise of its core business of factoring to distressed companies.
The transaction further consolidates Banca Akros’ leadership in the securitisation market and confirms the importance of securitisation as an innovative and flexible financial instrument for financial intermediaries that work in the factoring services destinated to both performing and distressed companies (those with limited access to traditional bank credit or undergoing a turnaround), with a view to diversifying the funding mix, extending the average maturity of liabilities and planning treasury flows.
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