VTO Vitro Sociedad Ads

File No. 1-10905
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549




VITRO, S.A.B. DE C.V.


FORM 6-K


Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934


For the month of April, 2009

(Filed April 1, 2009)

N/A
(Translation of Registrant's Name into English)

Av. Ricardo Margain Zozaya 400
Garza Garcia, NL
66250 Mexico
(52) 8863-1200
(Address of Principal Executive Office)
 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F [ X ] Form 40-F [ ]
 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 107(b)(7): [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

Yes [ ] No [ X ]
 

Release

Vitro successfully completes funding of trade receivables securitization

San Pedro Garza Garcia, Nuevo Leon, Mexico, April 1, 2009.- Vitro, S.A.B. de C.V. (BMV: VITROA, NYSE: VTO), Mexico's largest glass manufacturer and one of the most important in the world, announced today that it has successfully completed the refinancing of its two-tranche trade receivables securitization for two of its wholly owned subsidiaries.

The senior tranche is a $550 million peso variable rate investment grade bond.  The senior tranche is funded by Ixe Banco, Institucion de Banca Multiple, and Ixe Grupo Financiero, a local Mexican bank. The subordinate tranche is an unrated US$19 million dollar fixed rate bond funded by a multinational investor with recourse back to Vitro. Finacity Corporation structured the transaction, and will act as, master servicer, servicer and bond administrator.

The funding of the senior tranche with private institutions provides Vitro's Glass Containers business unit with enhanced liquidity to successfully continue its normal operations.  

"This is a very important transaction for Vitro and demonstrates the market's confidence in Vitro's future. I believe that this transaction strengthens Vitro's efforts to efficiently fund operations," commented Claudio Del Valle, Vitro's Chief Administrative and Financial Officer.

"This important step is appropriate to ensure Vitro's long-term success and confirms that we are making the right decisions to successfully face the challenging environment. We strongly believe in the Company's potential," he concluded.

Vitro, in existence for 100 years, has a strong foundation with solid business operations, strong franchise and market positions and superior quality products. The Company will continue providing the quality products and services needed by its broadly diversified customers, who also provide it with the wherewithal to pay for the materials and services required to manufacture these products.

These are also trying times for many of our customers and suppliers, and Vitro, with its continuous operations and production of quality products and services will be there to help them get through as it has done in the past.

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