Contact Information: Media Inquiries: Adrian Katz Finacity Corporation (203) 428-3540
UPDATE: Finacity Facilitates a Five-Year, MXN 300 Million Trade Receivables Program for Viméxico, S.A. de C.V. in Mexico
| Source: Finacity
NEW YORK, NY--(Marketwire - 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.