Finacity Facilitates a $150 Million Receivable Securitization for The Manitowoc Company
22 Ottobre 2012 - 10:01PM
Marketwired
Finacity Corporation ("Finacity") announced today that it has
facilitated a $150 million securitization for The Manitowoc
Company, Inc. (NYSE: MTW). Wells Fargo Bank, NA (NYSE: WFC)
provided funding for the transaction
.
Finacity provided structuring support and is responsible for
ongoing program administration and reporting.
About The Manitowoc Company, Inc. The
Manitowoc Company, Inc. is a multi-industry, capital goods
manufacturer with over 100 manufacturing and service facilities in
27 countries. It is recognized as one of the world's largest
providers of lifting equipment for the global construction
industry, including lattice-boom cranes, tower cranes, mobile
telescopic cranes, and boom trucks. Manitowoc also is one of the
world's leading innovators and manufacturers of commercial
foodservice equipment serving the ice, beverage, refrigeration,
food prep, and cooking needs of restaurants, convenience stores,
hotels, healthcare, and institutional applications. More
information can be found at www.manitowoc.com.
About Finacity Corporation Finacity
specializes in the structuring and provision of efficient
receivables funding programs, state-of-the-art servicing and
administration. Finacity currently facilitates the financing and
administration of an annual volume of receivables in excess of $50
billion. Finacity conducts business throughout the world. For more
information about Finacity, please visit www.finacity.com.
About Wells Fargo & Company Wells
Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 9,000 stores,
12,000 ATMs, the Internet (wellsfargo.com), and has offices in more
than 35 countries to support the bank's customers who conduct
business in the global economy. With more than 265,000 team
members, Wells Fargo serves one in three households in the United
States. Wells Fargo & Company was ranked No. 26 on Fortune's
2012 rankings of America's largest corporations. Wells Fargo's
vision is to satisfy all our customers' financial needs and help
them succeed financially.
For more information on this transaction please contact: Michael
Rodgers Finacity Corporation Tel: (203) 428-3531 Email Contact Tom
Dolphin Wells Fargo Tel: (267) 321-7046 Email Contact
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