The Manitowoc Company increased its trade receivables securitization by $125 million. Nord LB's commercial paper conduit, Hannover Funding Company LLC, will fund the transaction.
Manitowoc Company is a multi-industry, capital goods manufacturer with over 100 manufacturing and service facilities in 27 countries. It is recognized as 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.
Finacity Corporation together with Nord LB structured the transaction.