Finacity Facilitates a MXN 1.8 Billion Receivables Securitization for CEMEX, S.A.B. de C.V. and subsidiary
July 2017 by Finacity
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. The facility allows for up to MXN 1.8 billion in funding.
Finacity provided analytic and structuring support, and serves as the ongoing Transaction Administrator.
About CEMEX, S.A.B. de C.V.,
CEMEX, S.A.B. de C.V. (“CEMEX”), together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. CEMEX also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing projects, pavement projects, and green building consultancy services; and information technology solutions and services. The company has operations in Mexico, the United States, Europe, South America, the Caribbean, Asia, the Middle East, and Africa. CEMEX was founded in 1906 and is headquartered in San Pedro Garza García, Nuevo Leon, Mexico.
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program 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 more than 175 countries. For further information, please visit finacity.com.
For more information on this transaction, please contact:Finacity
More recent news
Finacity Serves as Advisor on Dinerito Audaz US$10 million Consumer Loan Funding Program
Finacity Corporation (“Finacity”) is pleased to announce that it served as advisor to a new US$10 million loan funding program recently closed between Dinerito Audaz, S.A.P.I. de C.V. SOFOM, E.N.R ...
Finacity Renews a $152 Million IFRS Off-Balance Sheet Securitization for VCNA, Part of Brazilian Headquartered Votorantim Group
Finacity Corporation (“Finacity”) announced that it has successfully renewed the IFRS off-balance sheet trade receivables securitization for Votorantim Cimentos North America Inc. (“VCNA”). Th ...
Finacity Facilitates Increase to USD 800 million of Trade Receivable Funding for Bunge
Finacity Corporation (“Finacity”) today announced that it has assisted Bunge Limited (“Bunge”), a US-based leading global agribusiness and food company, in the USD 100 million increase of its ...