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- January 14, 2021, 7:48 PM
Exim chair Kimberly Reed presents an award to Ira Berman, Gulfstream senior v-p for administration and general counsel, for a financing deal involving a Czech-bound G650. (Photo: Exim)
The U.S. Export-Import Bank (Exim) this week honored Gulfstream Aerospace with its “Deal of the Year” award, recognizing a risk-sharing transaction that supported the export of a Gulfstream G650 to a customer in the Czech Republic. The public-private financing partnership also included Apple Bank for Savings, AirFinance, Marsh’s Aircraft Finance Insurance Consortium, and AXIS Insurance. Exim’s part involved a $10 million medium-term loan guarantee under a transaction approved in February 2019 through delegated authority before Exim had its quorum restored by the U.S. government in May 2019. A quorum is required for larger loans.