STAMFORD, Conn., July 05, 2017 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) announces the successful launch of a trade receivables securitization for CEMEX, S.A.B. de C.V. (BMV:CEMEXCPO) and its subsidiary CEMEX Concretos, S.A. de C.V. The facility allows for up to MXN 1.8 billion in funding.
Finacity provided analytic and structuring support, and serves as the ongoing Transaction Administrator.
About CEMEX, S.A.B. de C.V.,
CEMEX, S.A.B. de C.V. (“CEMEX”), together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. CEMEX also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing projects, pavement projects, and green building consultancy services; and information technology solutions and services. The company has operations in Mexico, the United States, Europe, South America, the Caribbean, Asia, the Middle East, and Africa. CEMEX was founded in 1906 and is headquartered in San Pedro Garza García, Nuevo Leon, Mexico.
About Finacity Corporation
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in more than 175 countries. For further information, please visit www.finacity.com.