$40 Million Receivables Securitization Transaction for Vitro
May 2004 by
Finacity Corporation successfully closed and funded a significant trade receivables securitization transaction on May 7, 2004 for Vitro, S.A. de C.V. (NYSE: VTO and BMV: VITRO A). Vitro is one of the world’s leading glass producers with three principal businesses: flat glass, glass containers and glassware. The agreement is expected to provide Vitro cash proceeds of up to US$40 million through the ongoing purchase of receivables.