Vitro signs receivables facility

Vitro signs receivables facility

Loans Debt Structured Finance Mexico

Mexican glass manufacturer Vitro has received a $163m receivables facility from Santander, a source close to the deal said on Friday. The Monterrey-based company will use the proceeds to fund receivables on its books, the source said. The company operates five business units: glass containers, architectural glass, automotive glass, machinery and equipment and chemicals. In July 2018, Vitro signed a $700 million loan with BBVA Bancomer and HSBC to refinance existing debt. The five-year facility p

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