$40 Million Receivables Securitization Transaction for Vitro

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.

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Dec 2020

Finacity Facilitates a USD 40 Million Receivables Securitization Program for Hyperion Materials & Technologies Inc.

Finacity has successfully launched a USD 40 million receivables securitization program for Hyperion Materials & Technologies, headquartered in Worthington, Ohio. The program includes substantially all of Hyperion’s US sales and a portion of Hyperion’s European sales. Finacity provided origination, analytic and structuring support, and serves as the ongoing Administrator.