Finacity Corporation structured a $150 million securitization for the Manitowoc Company.
Wells Fargo Bank, provided funding for the transaction. Finacity provided structuring support and is responsible for ongoing program administration and reporting, the company said in a press release today.
The Manitowoc Company is a multi-industry, capital goods manufacturer with over 100 manufacturing and service facilities in 27 countries. It is a large provider of lifting equipment for the global construction industry. The company also manufacturers commercial foodservice equipment.