UPS Capital Business Credit of Hartford, Connecticut has arranged financing to support US medical exports to Nigeria. The Export-Import Bank of the United States (US Ex-Im) is providing a $9.3 million loan guarantee to back the transaction. Two Nigerian banks are also included in the facility, Diamond Bank and Access Bank Nigeria, both of Lagos, and are supporting the transaction by providing co-guarantees.
At UPS Capital, Jim Fortsch, head of ECA finance, says: "Helping US companies win global business is important to UPS Capital and in this transaction, four US companies, including...
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