EXIM to renew finance facility for Boeing

The Export-Import Bank of the United States (EXIM) Board of Directors have voted unanimously in favour of renewing a 90% guarantee of a $500 million facility for Citi under EXIM’s Supply Chain Finance Guarantee Program. The facility allows Boeing suppliers to receive accelerated payments on accounts receivable due from Boeing, and helps Boeing provide their numerous suppliers with competitive financing options. The transaction is estimated to directly support over 2,100 jobs at the company and throughout their network in all 50 states. “Boeing remains one of the United States’ top exporters and through their commitments to innovation and sustainability, it