Vedder Thinking | News Vedder Price Handles First Ex-Im Bank Guaranteed Bond for an Asian-Pacific Airline
Vedder Price’s Global Transportation Finance team represented Export-Import Bank of the United States (Ex-Im Bank) in a recent transaction with Air China, which raised $135 million with the issuance of an Ex-Im Bank guaranteed bond.
The proceeds will be used by Air China to refinance an existing Ex-Im Bank guaranteed loan for a new Boeing 777-300ER.
Jeffrey T. Veber, Shareholder and member of the firm’s Global Transportation Finance team, handled the overall transaction for Ex-Im Bank. It is the first Ex-Im Bank guaranteed bond to be issued for an Asian-Pacific airline.
Joshua D. Gentner, also a Shareholder and member of the firm’s Global Transportation Finance team, handled the capital markets financing portion of the deal—the first time a Chinese airline accessed the U.S. capital markets.