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.