Ex-Im Bank approves $15 million loan for Caterpillar equipment

By WEEK Producer

June 19, 2014 Updated Jun 19, 2014 at 6:35 PM CDT

WASHINGTON, D.C. -- Independent federal agency, Ex-Im Bank, has voted to approve a $15 million loan to Energyst B.V. to facilitate the export of Caterpillar power-generation equipment.

The loan, extended by Rabobank International of Utrecht, Netherlands, is granted with promise to support 100 U.S. jobs.

"Caterpillar applauds Ex-Im Bank for approving the financing request for power generation equipment for Energyst," said Jim Umpleby, Caterpillar Inc. group president with responsibility for Energy & Transportation. "By backing this project, Ex-Im Bank is bolstering U.S. manufacturing competitiveness, supporting American jobs, promoting exports and helping Caterpillar and our dealers meet increasing global energy demand."