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Ex-Im Bank Financing for Exports of Commercial Aircraft, Wind Turbines

Wednesday, July 16, 2014
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States has received an application for final commitment for a long-term loan or financial guarantee to support the export of U.S.-manufactured Boeing 787 aircraft and engines, which would be used to provide commercial passenger air transportation services globally. Comments on this application are due no later than Aug. 5.

Separately, the Ex-Im Bank is providing a $64.5 million direct loan to a Uruguay company for the purchase of U.S.-manufactured wind-turbine generators. Under this authorization, Ex-Im Bank's second wind transaction in Uruguay, the U.S. exporter will supply, transport, install, commission, operate and maintain for 20 years 25 of its 2.0-megawatt wind turbines in a 50 MW wind farm. The Bank states that its support for this transaction was needed due to a lack of long-term financing available from commercial lenders, noting that wind energy projects typically require longer repayment terms due to the extended amount of time needed for installation and operation at full capacity.

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