€26 million Trade Receivable Funding for URALITA
July 2014 by Finacity
Madrid / London / New York – 28th July 2014 – Finacity Corporation (“Finacity”) announces today that it has facilitated a series of European trade receivable funding programs for Uralita S.A. (“Uralita”) (BME: URA), a Spain based multinational producer of building materials. The receivable funding programs provide financing for Uralita’s subsidiaries in France, Spain, and Belgium using multiple funding institutions.
Uralita is a multinational group of light building materials, focusing on sustainability both through improved energy efficiency in buildings and through efficient water management. The group is one of the key European players in the insulation business arena and it holds leading positions in its other businesses, mainly in the Iberian Peninsula: gypsum, pipes and roof tiles. In 2013 Uralita’s turnover was 576 million euros, of which 51% were generated in Western and Central Europe, 22% in Spain and 27% in Eastern Europe and Russia. Uralita has 30 production plants in 10 different countries and is present in over 20 countries with a workforce of 2,800 employees. The group is listed on the Spanish stock exchange and its headquarters are located in Madrid.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $95 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
For more information on this transaction please contact:
Tel: +44-(0)20-3411 2539
Tel: +1- (203) 428-3584
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