Tradewind Finance, a global trade finance company, has announced a $10 million factoring facility for the U.S. subsidiary of one of the world’s largest vanadium suppliers, a critical mineral used in steelmaking. The financing will help the client increase working capital, support growth, and improve operational efficiency.
The company’s vanadium products serve a wide range of industries, including infrastructure, aerospace, and energy, and are mined in South America before being supplied to markets worldwide.
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Through the agreement, the client is selling its receivables to Tradewind in exchange for cash, strengthening liquidity as it scales. The factoring solution bridges cash flow gaps between production and payment, while enabling the client to offer and accept open account terms with international buyers, where payment is typically due later.
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“Our client is a leading global supplier of critical metals, and we’re thrilled that our factoring services can support their growth and operational goals,” said René Pastor, CEO of the Americas and Europe at Tradewind.
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Brian Dowd, senior vice president of Tradewind’s New York office, added: “This client’s international presence aligns perfectly with Tradewind’s global capabilities, including international financing, credit protection, and offshore collection services.”
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