Vitro, S.A.B. de C.V. (VITOF)

Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 225 million

STAMFORD, Conn., June 06, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation, a White Oak Company, (“Finacity”) announced that it has successfully upsized its IFRS off-balance sheet trade receivables securitization for Vitro International Investments, S.A. and Vitro, S.A.B. de C.V. (“Vitro”) (BMV: VITROA) from $175 million to $225 million. The transaction allows for up to $225 million in funding of the senior tranche from a U.S. based bank, as well as an investment from Finacity Asset Management in t