Trade Finance Solutions Inc. (TFS) Announced the Successful Structuring and Participation of a C$25,000,000 Off-balance Sheet Account Receivables Facility to an Oil & Gas Service Company in Western Canada.
This facility provides the company with working capital to improve its DOS and enhance liquidity. The company is well established in the oil and gas industry dealing mostly with multinational corporations.
Karim Habib, Managing Director, Sales – Canada of Trade Finance Solutions Inc. said, “Closing this transaction validates our position in supporting mid-market and large corporations with their unique challenges and opportunities to improve their position in the market place. In this competitive financing market place, it is imperative for us to deliver unique value added products & services, competitively priced and well-structured (out of box thinking) working capital solutions, while delivering financial solutions to our clients and professionals who rely on our ability to execute in a timely manner.”
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