Finacity and MUFG Facilitate $175 Million Receivables Securitization for Tenneco

Deep News05-05

Finacity, a financial technology firm, announced on Monday that it has successfully arranged a three-year, $175 million accounts receivable securitization transaction for global automotive parts supplier Tenneco, in collaboration with Mitsubishi UFJ Financial Group (MUFG). The deal is designed to optimize Tenneco's working capital structure by converting its receivables into liquid assets, thereby enhancing its financial flexibility. Finacity acted as the structural advisor and servicer for the project, while MUFG provided financing arrangements.

Tenneco is a leading global manufacturer of automotive components, with operations spanning clean air, powertrain, and advanced suspension technologies. The company has recently demonstrated strong performance in the Indian market, where its advanced suspension technology business saw a 24.5% year-over-year growth in the third quarter of fiscal 2026. The $175 million securitization arrangement will support Tenneco's global business expansion efforts, including capacity investment plans such as the establishment of a new environmentally friendly factory in Haryana, India. Finacity specializes in accounts receivable securitization and provides liquidity solutions to corporate clients worldwide.

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