Finacity Facilitates MXN$4.35 Billion Trade Receivable Funding Program for PEMEX
January 2018 by Finacity
Stamford, CT – December 26, 2017 – Finacity Corporation (“Finacity”) is pleased to announce that it has successfully co-arranged a MXN$4.35 Billion trade receivable funding program for Petróleos Mexicanos (“PEMEX”), Mexico’s state-owned petroleum company. The receivable funding program has a tenor of 28 years and monetizes the payments from Centro Nacional de Control del Gas Natural (“CENEGAS”) to PEMEX for the purchase of existing pipeline assets.
PEMEX was created in 1938 and is one of the largest companies in Latin America. PEMEX is one of the few fully integrated oil companies, developing the entire productive chain: exploration, production, industrial processing/refining, logistics and marketing. They generate approximately 2.5 million barrels of oil daily and more than 6 million cubic feet of natural gas. PEMEX operates 6 refineries, 8 petrochemical complexes and 9 gas processing complexes, as well as 83 land and maritime terminals and 10,000 service stations throughout Mexico.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity currently facilitates the financing and administration of approximately $100 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries.
For more information, please contact Finacity Corporation:
More recent news
Finacity Announces an Increase to $550 Million of a Global Freight Receivables Securitisation Facility for Germany Headquartered Hapag-Lloyd Group
Hamburg / London / Stamford, CT – January 7, 2020 – Finacity Corporation (“Finacity”) announces today that it has facilitated the successful increase to $550 million of an existing freight rec ...
Finacity Facilitates up to EUR 15 Million Receivables Financing Program for Wiko Mobile in France
Paris & Stamford, Conn. – Dec. 10, 2019 – Finacity Corporation (“Finacity”), part of the Greensill family of companies, announced today that it has facilitated a EUR 15 million receivables fin ...
Finacity Facilitates MXN$750 Million Consumer Loan Securitization Program for Crédito Real
Stamford, CT – October 25, 2019 – Finacity Corporation (“Finacity”) is pleased to announce that it has successfully facilitated a MXN$750 million consumer loan securitization program of Crédi ...