Finacity Announces a MXN 300 Million Trade Receivable Securitization for Taenza, S.A. (Grupo Zapata)

* Reuters is not responsible for the content in this press release.

Mon Nov 2, 2009 10:34am EST 

  NEW YORK, NY, Nov 02 (MARKET WIRE) -- 
Finacity Corporation ("Finacity") announced today that it has facilitated
the successful closing of a Mexican trade receivable securitization for
Taenza, S.A. ("Grupo Zapata"). The issuance provides Grupo Zapata cash
proceeds of MXN 300 million over a two-year period through the ongoing
purchase of peso and dollar-denominated receivables from five selling
entities. The transaction is registered with the CNBV and is rated
mxAAA/hrAAA by Standard & Poor's and HR Ratings respectively. Finacity
served as Arranger, providing analytic and structuring support and serves
as ongoing Bond Administrator and Master Servicer. Barclays Capital Casa
de Bolsa, S.A. de C.V. and IXE Casa de Bolsa, S.A. de C.V. placed the
securitization issuance with investors.

    "Grupo Zapata is very pleased to have executed a creative and
cost-efficient securitization with the integral upfront and ongoing
support of Finacity. We believe this investment grade access to the
capital markets demonstrates support for the strengths of our business,"
said Cayo Zapata, President at Grupo Zapata.

    "Finacity is very pleased to implement a successful funding program for
Grupo Zapata in Mexico," said Adrian Katz, Finacity's Chief Executive
Officer.

    About Taenza, S.A.

    Grupo Zapata is a private Mexican corporate group that is largely family
owned under the umbrella of holding company Taenza, S.A. Established in
1926, the company developed into a leading Mexican producer and exporter
of containers, lids and other promotional products made of tinplate,
plastic and aluminum for the mass consumer markets.

    About Finacity Corporation

    Finacity Corporation specializes in the structuring and provision of
efficient capital markets receivables funding programs, state-of-the-art
servicing, and bond administration. Finacity is located in the USA and
Europe. For more information about Finacity, please visit
www.finacity.com.

    

For more information on this transaction please contact:

Carlos Gonzalez
Finacity Corporation
tel 203-428-3502 (USA)

Copyright 2009, Market Wire, All rights reserved.

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