January 2022 by Finacity
Press Release
May 2022
Finacity Facilitates $100 Million IFRS Off-Balance Sheet Securitization for Vitro, S.A.B. de C.V.
Finacity Corporation (“Finacity”) announced that it has successfully launched an IFRS off-balance sheet trade receivables securitization for Vitro, S.A.B. de C.V. (“Vitro”) (BMV:VITROA). The transaction allows for up to $100 million in funding of the senior tranche from a U.S. based bank, as well as an initial $1.2 million investment from Finacity Asset Management in the intermediate subordinated note to achieve off-balance sheet treatment.