Advancion completes $50 million securitization of receivables

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Advancion, which provides ingredients and research and manufacturing services to support the biotechnology, pharmaceutical and other consumer-oriented and industrial markets, just closed a $50 million receivables securitization deal.

Finacity, a White Oak Global Advisors company, brought the financing facility to market on behalf of Advancion. It was collateralized by accounts receivables that Advancion and its subsidiaries originated, according to a statement from Finacity.

“We appreciated the strong partnership and expertise throughout the development of our $50 million receivables securitization program,” according to a statement from Advancion Chief Financial Officer Walter Keller. “The new facility enhances our financial flexibility and supports the ongoing growth of our business.”

Advancion is a portfolio company of Ardian and Golden Gate Capital.

Donna Mitchell
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Donna M. Mitchell is a financial journalist based in the New York metro area with expertise covering structured finance, commercial real estate, and wealth management. Her work has appeared … Read full bio


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