Increase to $105 Million of a Trade Receivable Securitization Facility for The Manitowoc Company.
September 2007 by Adrian Katz
Finacity Corporation (“Finacity”) announced today that it has facilitated the successful increase to $105 million of a trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW).
About The Manitowoc Company, Inc.
The Manitowoc Company, Inc. is one of the world’s largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of coldfocused equipment in the foodservice industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.
More information can be found at www.manitowoc.com.
More recent news
Finacity Facilitates a MXN 1.8 Billion Receivables Securitization for CEMEX, S.A.B. de C.V. and subsidiary
Finacity Corporation (“Finacity”) announces the successful launch of a trade receivables securitization for CEMEX, S.A.B. de C.V. [BMV: CEMEX CPO] and its subsidiary CEMEX Concretos, S.A. de C.V. ...
Finacity and DZ Bank Facilitate a USD 155 Million Receivables Securitization for Alliance One International
Finacity Corporation (“Finacity”) and DZ Bank AG (“DZ Bank”) announce they have successfully launched a trade receivables securitization for Alliance One International [NYSE: AOI]. The facilit ...
Votorantim Cimentos N.A. Securitization, Facilitated by Finacity, wins 2017 Treasury Today “Adam Smith Award” for Best Funding Solution
Treasury Today awarded Votorantim Cimentos N.A. (“VCNA”), a fully owned subsidiary of Brazilian headquartered Votorantim Cimentos S.A. (“VCSA”), with the 2017 “Adam Smith Award” for Best F ...