Export-Import Bank of the United States Board of Directors Approves More Than $300 Million in Transactions
Washington, DC – Today, the Board of Directors at the Export-Import Bank of the United States (EXIM) unanimously approved three transactions for more than $300 million.
In the first transaction of the day, the Board approved a final commitment of more than $293 million to support the export of Boeing aircraft to Ethiopian Airlines. The transaction is expected to support an estimated 1,400 American jobs.
The second action of the day saw the Board approve a secured note issuance (SNI) for the Private Export Funding Corporation (PEFCO). This approval allows for PEFCO to issue an SNI during fiscal year 2025 with the interest guaranteed by EXIM and would support PEFCO’s funding of EXIM transactions.
“With today’s approvals, EXIM continues its steadfast commitment to the advancement of American exports,” said President and Chair Reta Jo Lewis. “In addition to supporting 1,400 domestic jobs, we are further demonstrating our commitment to working with likeminded nations to develop global trusted telecommunication networks and bolster supply chains.”
Finally, the Board approved a preliminary commitment to Serbia’s Telekom Srbija Group for $50 million to support the preparation and rollout of their 5G telecommunications network. This transaction further reinforces EXIM’s China and Transformational Exports Program (CTEP) as 5G security is a high government priority and falls under one of the 10 transformational export areas supported by EXIM.
About EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.
###