Finacity facilitated the addition of an Asian Originator to an existing trade receivables securitization for The Manitowoc Company. The $185 million transaction now incorporates a new division, Manitowoc Foodservice Asia Pacific Private Limited.

Wells Fargo Capital Finance provided funding for the transaction, while Finacity provided structuring support and is responsible for ongoing program administration and reporting.

The Manitowoc Company is a multi-industry, capital goods manufacturer with 92 manufacturing, distribution and service facilities in 25 countries.

Finacity Corporation 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 $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries.