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Ghafari Associates – ECA financing
02 March 2011
Serving the service sector
MLA: Bank of America Merrill Lynch
Borrower: Ghafari Associates
Amount: $7 million
ECA: US Ex-Im |
In this deal Bank of America Merrill Lynch (BAML) consulted with US-based Ghafari Associates, a full service architecture and engineering organisation based in Dearborn, Michigan, to devise a comprehensive export financing solution for their key expanding markets. Historically Ghafari served the US automotive industry, but has evolved into a key provider of services to the aviation, commercial, healthcare and industrial sectors. What makes this stand out is that it is an example of an export credit agency product traditionally used for manufacturers, being applied to the service sector.
To meet the client’s growing export working capital financing and performance bond requirements for foreign construction projects...
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