Stamford, CT – Finacity Corporation (“Finacity”) announced today that it has facilitated the successful increase of an existing trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW). The $185 million transaction now incorporates two new divisions (Manitowoc Foodservice UK Limited and Manitowoc Deutschland GMBH). Wells Fargo Bank, NA (NYSE: WFC) provided funding for the transaction, while Finacity provided structuring support and is responsible for ongoing program administration and reporting.
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