The three-year agreement is expected to provide Vitro cash proceeds of up to US$40 million through the ongoing purchase, without recourse, of trade receivables generated by its flat glass operations in the U.S. "We are pleased with the results of this arrangement, which is in line with Vitro´s financial strategic goals. The transaction offers better terms than our previous securitization arrangement by providing an additional approximate amount of US$10 million to Vitro America, our U.S. flat glass unit. This allows us to enhance Vitro America´s liquidity position and maintain its financial flexibility, said Alvaro Rodriguez, Vitro´s Chief Financial Officer. We are very proud to have served Vitro in a complex transaction designed to maximize liquidity, minimize cost-of-funds, while reducing the ongoing administrative burden, said Adrian Katz, Chief Executive Officer, Finacity. This funding facility for Vitro further demonstrates the strengths of Finacitys capabilities and strategic partnerships.