US-based manufacturer Manitowoc Company has won a US$150mn securitisation with the help of Wells Fargo and Finacity Corporation.

Wells Fargo funded the transaction, while Finacity provided structuring support and is responsible for ongoing programme administration and reporting.

A spokesperson at Finacity tells GTR that the loan has a tenor of three years and that with no limitations on the loan proceeds, Manitowoc will use the funds for any purpose they choose.

Finacity could not reveal the pricing details on the loan.