Finacity Facilitates MXN$1.43 Billion Future Flow Securitization for Mexican Firm Compañía Minera Autlán, S.A.B. de C.V.

Mar, 2017 by Finacity

Stamford, CT – March 16, 2017 – Finacity Corporation (“Finacity”) announced that it has successfully launched a future flow receivables securitization for Compañía Minera Autlán, S.A.B. de C.V. [BMV: AUTLANB] (“AUTLAN”). The transaction is publicly listed on the Mexican Stock Exchange (“AUTLNCB 17”) and it includes an unconditional and irrevocable partial guarantee of 33% from Banco de Comercio Exterior, S.N.C. (“Bancomext”) in addition to a credit insurance policy from Atradius Seguros de Crédito, S.A. (“Atradius”). The transaction size is MXN$1.43 billion with a 5 year tenor and it has been assigned a local HRAA- rating by HR Ratings de México, S.A. de C.V. and AA/M rating by Verum, Calificadora de Valores, S.A.P.I. de C.V. Finacity acted as structuring agent and is responsible for ongoing program administration and reporting.

About Autlán

AUTLAN (www.autlan.com.mx, BMV: AUTLANB) was founded in 1953 and is the only producer of manganese ferroalloys and manganese ore in Mexico while also being the largest and only integrated producer in North America. AUTLAN is based in Monterrey, Mexico and has 3 ferroalloys plants and 3 mines throughout the country and exports its products to more than 20 countries. In addition to its Ferroalloy and Mining Divisions, AUTLAN has an Energy Division that produces electricity via a hydroelectric power plant.

About Finacity

Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and bond 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 approximately 175 countries. For further information, please visit www.finacity.com.

For more information on this transaction, please contact:

Finacity

Antonio Villa
Tel: +1 203 428 3510
Email: avilla@finacity.com

Nov 18, 2024
Finacity Facilitates an up to USD 50 Million Lender Finance Programme for Volo Fin Pte Ltd

Finacity Corporation, a White Oak Global Advisors Company (“Finacity”), announced today that it has successfully facilitated a new Lender Finance Program for Volo Fin Pte Ltd (“Volo Fin”), a leading…

Oct 21, 2024
Finacity Facilitates an Amendment and Increase for the Accounts Receivable Securitization Program to $45 Million for Hyperion Materials & Technologies Inc.

Finacity Corporation (“Finacity”), a White Oak Company, today announced that it has facilitated an increase from $40 million to $45 million for the commitment capacity of the Accounts Receivable Securitization…

Jul 23, 2024
Finacity Facilitates a EUR 50 Million Receivables Securitization Program for Metinvest Trametal and Ferriera Valsider in Italy

Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announced that it has successfully launched a EUR 50 million receivables securitization program for Metinvest Trametal and Ferriera Valsider, two re-rolling…

Jun 6, 2024
Finacity Upsizes IFRS Off-Balance Sheet Receivables Securitization for Vitro to USD 225 million

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.…

Jun 4, 2024
Investors and corporates share thirst to tap trade receivables pool

Six of the interviewees in this article, from left in top row: Laurent Christophe, Trafigura; Shaun Baddeley, AFME; Miray Muminoglu, Lloyds. Bottom row: Abigail Deméocq, Crédit Agricole CIB; Dominic Capolongo,…