Tradewind Finance today announced it has closed a EUR 9 million credit facility for a copper producer based in Turkey. Using a creative approach that is part of the firm’s overall strategy to funding, Tradewind was able to support the unique requirements of the client and provide them with immediate working capital for growth.
In this case, the copper producer had several compliance factors to consider, which had made clearing the way for funding a challenge for the client and their other financing partners. Determined to find a financial arrangement that worked, senior management from Tradewind’s Turkey office assessed the situation and diligently explored what could be done.
The firm successfully arrived at a custom export finance solution for the client that equipped them with additional liquidity while staying in line with their company’s policies. In the arrangement, Tradewind is purchasing the company’s outstanding receivables and converting them into cash upfront.
Remarking on the new financing relationship, Beyza Durdağı, Head of Sales for Tradewind’s Turkey office, said: “We are pleased that we could tailor-make a facility that was the right fit for our client. Strong dedication and a willingness to problem solve were instrumental to making this transaction a success. We look forward to supporting them on their journey of growth.”
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.