Finacity Corporation and Norddeutsche Landesbank Girozentrale (NORD/LB), announced the addition of German and Canadian receivables to an existing securitization for the Manitowoc Company, Inc.
NORD/LB’s commercial paper conduit, Hannover Funding Company LLC, provides funding for the transaction.
The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing and service facilities in 27 countries. In May, the company obtained a $400 million term loan B, a $350 million term loan A and a $500 million revolver.
