US Manufacturer Lines up Bancomext Funds

US vehicle manufacturer Navistar has signed a $95m trade receivables facility with Mexico’s Bancomext, it says. The 5-year facility, done though Navistar’s Mexican unit, will support the sale of trucks and busses manufactured in Mexico and exported to Latin America. A spokeswoman did not comment on the rate, noting only that it is in line with Navistar’s other export financing.