Contact Information: For more information on this transaction please contact: Thomas Heslenfeld SVP Finacity Corporation +1 203-428-3519
Finacity Announces a 2-Year MXN 2.2 Billion Trade Receivable Securitization Facility for CEMEX, S.A.B. de C.V. Mexican Subsidiaries
| Quelle: Finacity
NEW YORK, NY--(Marketwire - July 16, 2009) - Finacity Corporation ("Finacity") announced
today that as Arranger it has successfully facilitated the execution of a
"AAA.mx"-rated, CNBV-registered MXN 2,200,000,000 trade receivables
securitization facility for a trust that has acquired CEMEX Mexico and
CEMEX Concretos receivables on a non recourse basis. CEMEX Mexico and
CEMEX Concretos are subsidiaries of CEMEX, S.A.B. de C.V. (MXSE : CEMEXCPO )
(NYSE : CX ) ("CEMEX"). Finacity will serve as the Bond Administrator in
this transaction and will provide daily and monthly reports to various
constituents and investors offering visibility into the transaction's
assets, collateral values, and receivables performance. Ixe Casa de Bolsa,
S.A. de C.V., Ixe Grupo Financiero ("Ixe") acted as the sole underwriter in
this transaction.
"Finacity and Ixe worked diligently on behalf of CEMEX to execute a
competitive and value-added trade receivable securitization, and we are
very proud of the outcome," commented Adrian Katz, Finacity's Chief
Executive Officer.
About CEMEX, S.A.B. de C.V.:
CEMEX is a global building materials company that provides high-quality
products and reliable service to customers and communities in more than 50
countries throughout the world. CEMEX has a rich history of improving the
well-being of those it serves through its efforts to pursue innovative
industry solutions and efficiency advancements and to promote a sustainable
future. For more information, visit www.cemex.com.
More information can be found at http://www.cemex.com.
About Finacity Corporation:
Finacity specializes in the facilitation of efficient,
securitization-based trade receivables funding, state-of-the-art
servicing, detailed transaction transparency, and reporting
solutions. Finacity's offerings can include both domestic and
international receivables for its clients. Finacity's strategic
partners and investors include ABN AMRO Bank (now RBS), Bank of America,
Euler Hermes ACI, Avenue Capital, Ecoban and Kleiner Perkins Caufield &
Byers. Finacity is active globally with receivable obligors in more than 80
countries.
More information can be found at http://www.finacity.com.
About IXE Casa de Bolsa, S.A. de C.V.:
Ixe Casa de Bolsa holds one of the first places as structuring agent and
underwriter of debt securities and equity in the Mexican public market. The
Corporate Finance Division had a record participation in this market,
having launched new structures and products over the years. Ixe Casa de
Bolsa's Clients include individuals, corporations, as well as government
entities, and provides access to a wide array of products and services.