Ex-Im Bank Approves $461 Million to Finance Export of U.S. Satellites to Hong Kong
The Export-Import Bank of the U.S. authorized two transactions aggregating $461 million to underwrite export of American-made satellites to Hong Kong. Asia Broadcast Satellite will use the satellites to upgrade and expand its fleet. In the first transaction, the bank…
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approved a $171.29 million direct loan to ABS to fund the purchase a geostationary satellite from Space Systems/Loral Inc. and insurance. The bank also authorized a separate $289.71 million direct loan to ABS to allow it to buy two geostationary satellites from Boeing Satellite Systems International, insurance, technical support and the launch of both satellites from Space X Falcon 9. The deal will finance the first two of Boeing's all-electric-propulsion commercial satellites and the first Ex-Im Bank-backed Space X launch.