US Exim will guarantee a US$15mn loan extended by Rabobank to Dutch company Energyst to facilitate the export of Caterpillar power-generation equipment.
“US Exim’s financing will support the export of important power-generation equipment made here in America and for potential use in Africa or Latin America,” says US Exim chairman and president Fred Hochberg. “In the process, the transaction will support approximately 100 US jobs. This deal is a great example of how US Exim financing helps American exporters close sales overseas and support jobs at home.”
Energyst, a Caterpillar-trademarked equipment rental operator based in Breda, Netherlands, plans to expand its power fleet to enable the company to be competitive in the international power projects market in South America and Sub-Saharan Africa, among other regions. The financed equipment is designed for rapid deployment globally.