SOURCE: Finacity

September 04, 2007 08:30 ET

Finacity Announces an Increase to $105 Million of a Trade Receivable Securitization Facility for The Manitowoc Company

NEW YORK, NY--(Marketwire - September 4, 2007) - Finacity Corporation ("Finacity") announced today that it has facilitated the successful increase to $105 million of a trade receivables securitization for The Manitowoc Company, Inc. (NYSE: MTW).

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. is 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. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of cold-focused equipment in the foodservice industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.

More information can be found at http://www.manitowoc.com.

About Finacity Corporation

Finacity Corporation specializes in the structuring and provision of efficient capital markets receivables funding programs, state-of-the-art servicing, and bond administration. Finacity is located in the USA and Europe. For more information about Finacity, please visit www.finacity.com.

Contact Information

  • For more information on this transaction please contact:

    Adrian Katz
    Finacity Corporation
    tel 203-428-3540 (USA)