Brazilian airline issues Ex-Im Bank-Guaranteed bond for services exported by Delta TechOps

26 March 2014

The Export-Import Bank of the United States has announced the issue of an Ex-Im Bank-guaranteed bond funded by the capital markets that raised USD40.7m for the Brazilian airline, VRG Linhas Aéreas S.A. (NYSE: GOL), for engine-maintenance services performed by Delta TechOps in Atlanta, Ga.

Delta TechOps is the maintenance, repair and overhaul division of Delta Air Lines Inc.

The Ex-Im Bank-guaranteed bond was issued in mid-February to raise the funds to reimburse GOL for costs related to engine-maintenance services performed by Delta TechOps in 2013. The two-year bond bears interest at a fixed rate of 0.622 percent.

Ex-Im Bank is an independent federal agency that creates and maintains US jobs by filling gaps in private export financing at no cost to American taxpayers. For more information, visit www.exim.gov.

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