Finacity Corporation has facilitated the successful increase of an existing trade receivables securitization for The Manitowoc Company, Inc. The $185 million transaction now incorporates two new divisions. Wells Fargo Bank provided funding for the transaction, while Finacity provided structuring support and is responsible for ongoing program administration and reporting.

The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 100 manufacturing, distribution and service facilities in 24 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading product support services. In addition, Manitowoc is one of the world's leading innovators and manufacturers of commercial foodservice equipment, which includes 24 market-leading brands of hot- and cold-focused equipment.

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

Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets.