Finacity Facilitates $25 Million of Trade Receivable Funding for CME Wire & Cable Inc, a subsidiary of Xignux

Finacity Corporation (“Finacity”) announced that it has facilitated a $25 million US trade receivable funding program for CME Wire & Cable, Inc. (“CME”), a Georgia based multinational supplier of electrical wire, magnet wire and cable. CME is a subsidiary of Mexican industrial group Xignux, S.A. de C.V. (“Xignux”).

About Xignux

Xignux (www.xignux.com) is one of Mexico’s largest industrial groups, and through its four main subsidiaries produces and markets cable and electrical conductors, electrical transformers (JV with General Electric), cold meals and snacks, and provides engineering, construction and maintenance services for electrical and industrial installations. Xignux is based in Monterrey, Mexico, with over $2 billion in sales and with a presence in more than 7 countries.

About Finacity

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual receivables volume of over $100 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:

Finacity

Antonio Villa, Tel: +1 (203) 428-3510 Email: avilla@finacity.com
Jim Leonard, Tel: +1 (203) 428-3584, Email: jleonard@finacity.com

Latest News

Press Release

Sep 2022

Finacity and ING Belgium NV Facilitate Increase of Accounts Receivable Securitization Program to $200 Million for Cushman & Wakefield

Finacity Corporation (“Finacity”), a White Oak Company, and ING Belgium SA/NV announce that they have facilitated an increase from $125 million to $200 million of the commitment capacity for the Accounts Receivables Securitization Program for Cushman & Wakefield Inc. (“C&W”), a leading global real estate services firm headquartered in Chicago, IL.

Press Release

Jul 2022

Finacity Facilitates Increase and Renewal of Accounts Receivable Securitization Program to EUR 300 million for the Greek State-Controlled Public Power Corporation S.A.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from EUR 200 million to EUR 300 million of the commitment capacity for the accounts receivable securitization program for Public Power Corporation S.A. [ATHEX: PPC] (“PPC”), the largest Greek electricity generator and the principal supplier of electricity in the country. The securitization program finances consumer and corporate receivables originated by PPC in Greece.

Press Release

Jul 2022

Finacity Facilitates a $70 Million Receivables Securitization Program for American Airlines, Inc.

Finacity Corporation (“Finacity”), a White Oak Company, has successfully facilitated a $70 million receivables securitization program for American Airlines, Inc., headquartered in Fort Worth, Texas. The program focuses on a multi-country, multi-currency portfolio of cargo receivables from certain countries where the airline operates. Finacity provided origination, analytic and structuring support. Finacity serves as the ongoing Administrator for the program.