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May 4, 2026 12:01 PM

Finacity and MUFG Arrange a 3-Year USD 175 Million Receivables Securitization for Tenneco

STAMFORD, Conn., May 04, 2026 (GLOBE NEWSWIRE) -- Finacity Corporation ("Finacity") a White Oak Global Advisors company, and MUFG Bank, Ltd ("MUFG") announce that they have successfully launched a trade receivables securitization for Tenneco LLC ("Tenneco"), a global manufacturer and supplier of automotive parts headquartered in the United States.

The new securitization program finances receivables generated by the U.S. and Canadian operations of Tenneco's DRiV business unit. The three-year facility is structured in a way to achieve accounting derecognition per U.S. GAAP.

Finacity provided analytic and structuring support, and serves as the ongoing transaction administrator. MUFG serves as the arranger and senior funding provider.

About Tenneco

Tenneco LLC designs, manufactures, and sells automotive products for original equipment and aftermarket customers. The company offers clean air, powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments, including Motorparts, Performance Solutions, Clean Air, and Powertrain. Tenneco LLC was formerly known as Tenneco Automotive Inc. and changed its name ...

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