Finacity Facilitates MXN$525 Million IFRS Off-Balance Sheet Securitization for Valores Químicos, a subsidiary of CYDSA - Mexico

Oct, 2016 by Finacity

Stamford, CT – October 13, 2016 – Finacity Corporation (“Finacity”) announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Valores Químicos, S.A. de C.V., a subsidiary of CYDSA, S.A.B. de C.V. [BMV: CYDSASA] (“CYDSA”). The transaction allows for up to MXN$525 million in funding of a senior tranche from two Mexican banks and an investment from Finacity Capital Management (“FCM”) in an intermediate subordinated note. The securitization has been assigned a local AAA rating by HR Ratings de México, S.A. de C.V. Finacity provided structuring and execution support and is responsible for ongoing program administration and reporting.

About CYDSA

CYDSA (www.cydsa.com, BMV: CYDSASA) is one of Mexico’s largest chemical companies, and through its subsidiaries produces and markets salt, caustic soda, chlorine and refrigerant gases. It also produces electricity and steam in its cogeneration business. CYDSA is based in Monterrey, Mexico, has 20 subsidiaries in 8 cities throughout the country, and exports its products to more than 20 countries.

About Finacity and FCM

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in approximately 175 countries. For further information, please visit www.finacity.com. FCM is a funding vehicle dedicated to delivering access to securitization funding for companies with smaller receivables portfolios, together with selected investments in the junior tranches of larger securitization programs.

For more information on this transaction, please contact:

Finacity

Antonio Villa
Tel: +1 203 428 3510
Email: avilla@finacity.com

Jul 23, 2024
Finacity Facilitates a EUR 50 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy

Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling…

Jun 6, 2024
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 225 million

Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B. de C.V.…

Jun 4, 2024
Investors and corporates share thirst to tap trade receivables pool

Six of the interviewees in this article, from left in top row: Laurent Christophe, Trafigura; Shaun Baddeley, AFME; Miray Muminoglu, Lloyds. Bottom row: Abigail Deméocq, Crédit Agricole CIB; Dominic Capolongo,…

Jun 3, 2024
Finacity Facilitates a Receivables Securitization Program Upsize for Pyxus International, Inc. to USD 120 million

Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a  receivables securitization program upsize from USD 100 million to USD 120 million for Pyxus…

Apr 29, 2024
Finacity Facilitates USD 150 million Receivables Securitization for a Cargo Airline Company

Finacity Corporation, a White Oak Global Advisors Company, (“Finacity”) announced that it has successfully facilitated a USD 150 million receivables securitization program for one of the world's largest air cargo operators. …