US Exim signs $18.4mn guarantee backing SME exports to Argentina

The US Export-Import Bank (US Exim) has backed the export of oil and gas services equipment from the United States to Argentina with seven-year guarantee. The guarantee covers an $18.4mn loan from HSBC to A-Evangelista S.A. (AESA), a wholly-owned subsidiary of energy company YPF. The Argentinian engineering firm will use the financing to buy oil and gas services equipment from three small US-based businesses: Proppant Express Solutions of Denver, Colorado; Sun Energy Services of Zelienople, Pennsylvania; and Wildcat Oil Tools of Midland, Texas.

Source: Global Trade Review