SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
STAMFORD, Conn., March 29, 2017 -- Trade Finance Magazine today awarded Finacity Corporation (“Finacity”) with a 2017 Deal of the Year Award for the Americas, related to a US$152 million IFRS off-balance sheet trade receivables securitization program that Finacity facilitated on behalf of Votoratim Cimentos N.A. (“VCNA”), a fully owned subsidiary of the Brazilian headquartered Votorantim Cimentos S.A. (“VCSA”).
“Finacity is deeply honored to have received this award and we will continue to strive to deliver the highest level of working capital financial solutions to our various global constituents,” said Jair Martinez, head of Latin American finance at Finacity.
“VCNA is very pleased and honored to be a part of this award. The innovative structure put in place with Finacity was in line with our objectives,” said John McCarthy, CFO of VCNA.
About Trade Finance Magazine
Trade Finance is a global publication concentrating exclusively on the international export finance market. Trade Finance has been providing its subscribers with deal updates and sector intelligence for 30 years, ensuring its customers never miss business critical market intelligence. The continually updated database of deal updates, market moves, deal data, market and sector analysis, and regulatory coverage provides its customers with high quality, independent information.
About VCNA
VCNA is the North-American subsidiary of international building materials supplier, Votorantim Cimentos, one of the ten largest providers of cement, concrete, aggregates and mortar in the world, and part of the Votorantim Group, one of Brazil's largest industrial conglomerates with a presence in more than 20 countries. VCNA oversees the Group's cement, ready mix concrete and aggregate operations in North America, which include, among others, St. Marys Cement Inc. (SMC), a leading manufacturer of cement, concrete and aggregates in the United States and Canada.
About Finacity
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, supplier and payables finance, back-up servicing, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries. For further information, please visit www.finacity.com.
For more information please contact: Finacity Corporation Jayme Bulcão, Managing Director Tel: +1 (203) 428-3527 Email: [email protected]
