Finacity Facilitates Extension and Increase of Trade Receivables Securitization With Vitro America

Finacity Corporation announced that it successfully facilitated the upsize and extension of a trade receivables securitization transaction for Vitro America, Vitro's US-based subsidiary, on April 16, 2007.

The funding program was rolled over for a fourth year and increased from $40 million to $50 million in funding availability. The program is funded by an asset-backed commercial paper conduit sponsored by a leading European bank.

600450 Finacity Facilitates Extension and Increase of Trade Receivables Securitization With Vitro America glassonweb.com
Date: 9 May 2007
Source: Sys-con.com

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