December 2009 by Finacity
Finacity Facilitates a Five-Year, MXN 300 Million Trade Receivables Program for Viméxico, S.A. de C.V. in Mexico
New York, NY, December 16, 2009 – Finacity Corporation (“Finacity”) announced today that it facilitated the successful refinancing of a trade receivables program for Viméxico, S.A. de C.V. (“Viméxico”), a majority owned subsidiary of Vitro S.A.B. de C.V. (“Vitro”) (BMV: VITRO A).
About Finacity Corporation
Finacity is a company that specializes in the provision of efficient, securitization-based trade receivables funding solutions as well as state-of-the-art servicing, accounts receivable management and reporting capabilities. Finacity’s offerings can include both domestic and international receivables for its clients.
More information can be found at www.finacity.com.
About Vitro, S.A.B. de C.V.
Vitro, through its subsidiary companies, is one of the world’s leading glass producers. Vitro is a major participant in two principal businesses: flat glass and glass containers. Vitro serves multiple product markets, including construction and automotive glass; food and beverage, wine, liquor, cosmetics and pharmaceutical glass containers; glassware for commercial, industrial and retail uses. Vitro also produces raw materials and equipment and capital goods for industrial use. Founded in 1909 in Monterrey, Mexico-based Vitro has joint ventures with major world-class partners and industry leaders that provide its subsidiaries with access to international markets, distribution channels and state-of-the-art technology. Vitro’s subsidiaries have facilities and distribution centers in ten countries, located in North, Central and South America, and Europe, and export to more than 70 countries worldwide.
More information can be found at www.vitro.com.