(Finance) – CF + bankspecialized in financing solutions for companies in performing or re-performing situations, has signed an agreement for the supply of factoring services with Util Industries, part of the Util Group and one of the major players worldwide active in the production of high precision components for various industrial sectors including automotive, e-Mobility, construction and agriculture.
The agreement concerns a factoring with recourse towards a portfolio of assigned debtors made up mostly of large international groups. The amount of the turnover to be anticipated is equal to one total annual turnover of 120 million euros. The loan is aimed at supporting working capital.
“This operation confirms the ability of Banca CF + to meet the credit needs of businesses also in complex contextsin the presence of international assigned debtors or a high concentration of turnover on a single debtor “, he commented Alberico PotenzaCo-Head of Factoring of Banca CF +.