Falcon Group has completed a $150m securitisation of cross-border multi-bank instruments, which it says is the first of its kind.
The financing solutions firm will use the extra funding capacity to provide trade finance to mid-cap and large companies.
Natixis, the international financial services arm of Groupe BPCE, was the sole initial purchaser.
“As the first securitisation of cross-border multi-bank instruments, this is an unprecedented transaction for the trade finance market,” says Chris Howarth, Falcon Group CFO.
The transaction sits alongside the recent $100m loan to Falcon from global investment firm Kohlberg Kravis Roberts (KKR).
The company now operates in over 30 countries and across 15 industries having deployed over $8bn in the past three years.
Howarth says that these two deals will secure strong growth in the years ahead.
“We’re proud to have achieved this unique securitisation, which I hope will be the start of a flourishing partnership between Natixis and Falcon,” says Emmanuel Issanchou, global head of structured credit and solutions at Natixis.