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U.S. Export-Import Bank

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All verified mentions of this organization in source documents.

The Export-Import Bank of the United States is evaluating almost $2,000,000,000 in applications to finance space industry sales.

Mentioned as: U.S. Export-Import BankNarrative FinancialNov 11, 2020Ex-Im reviewing nearly $2 billion in applications for space industry projects

The Export-Import Bank of the United States provided an estimated $5,000,000,000 in financing for sales of satellites and launches by U.S. companies prior to its 2015 hiatus.

Mentioned as: U.S. Export-Import BankOrg RelationshipNov 11, 2020Ex-Im reviewing nearly $2 billion in applications for space industry projects

The Export-Import Bank of the United States lacked a board quorum after 2015, which prevented it from approving deals larger than $10,000,000.

Mentioned as: U.S. Export-Import BankTechnical ProductNov 11, 2020Ex-Im reviewing nearly $2 billion in applications for space industry projects

Kimberly Reed is president and chairman of the Export-Import Bank of the United States and the bank’s staff that works with the space industry is reconstituting operations after a four-year lapse in congressional authorization from 2015 to December 2019.

Mentioned as: U.S. Export-Import BankNarrative GeneralJul 9, 2020Ex-Im Bank to step up support for space industry challenged by Chinese competitors

Viasat used a U.K. business unit to order its ViaSat-2 satellite from Boeing in 2013, enabling the company to leverage financing from the Export-Import Bank of the United States.

Mentioned as: U.S. Export-Import BankOrg RelationshipApr 24, 2020Viasat gets FCC approval for MEO constellation

The U.S. Export-Import Bank financed the majority of the $235,000,000 BulgariaSat-1 program.

Mentioned as: U.S. Export-Import BankNarrative FinancialFeb 5, 2020Ariane 6 launch site gets ready • BulgariaSat-1 capacity sales at 15% • U.K. to study MEV-1 docking

The Export-Import Bank regained its charter before the end of 2015 but lacked a quorum of Senate-confirmed board members until earlier 2019, which halted the bank’s authority to make loans exceeding $10,000,000.

Mentioned as: U.S. Export-Import BankNarrative FinancialDec 21, 2019Ex-Im Bank gets seven-year extension

The omnibus bill provides the Export-Import Bank its longest authorization period in the agency's history at seven years.

Mentioned as: Export-Import BankTechnical ProductDec 21, 2019Ex-Im Bank gets seven-year extension

After the Export-Import Bank’s charter lapsed in 2015, Boeing and Orbital ATK said they lost satellite manufacturing contracts because they could not offer export financing.

Mentioned as: U.S. Export-Import BankNarrative GeneralDec 21, 2019Ex-Im Bank gets seven-year extension

The year-end spending package was signed into law by President Donald Trump on 2019-12-20 and includes a seven-year reauthorization for the U.S. Export-Import Bank.

Mentioned as: U.S. Export-Import BankNarrative GeneralDec 21, 2019Ex-Im Bank gets seven-year extension

Kacific ordered the Kacific-1 satellite in 2017 without financing support from the U.S. Export-Import Bank because the bank lacked the minimum number of Senate-confirmed board members required to finance deals over $10,000,000.

Mentioned as: U.S. Export-Import BankOrg RelationshipDec 16, 2019Falcon 9 launches condosat mission for Kacific and Sky Perfect JSAT

The U.S. House of Representatives passed the U.S. Export Finance Agency Act of 2019 (H.R.4863) on 2019-11-15 to reauthorize the Ex-Im Bank for 10 years.

Mentioned as: U.S. Export-Import BankNarrative GeneralDec 6, 2019Kacific, with SpaceX launch imminent, borrows $160 million for satellite refinancing

Singapore-based Kacific ordered Kacific-1 in 2017 when the U.S. Export-Import Bank lacked the minimum number of Senate-confirmed board members required to finance deals over $10,000,000.

Mentioned as: U.S. Export-Import BankNarrative GeneralDec 6, 2019Kacific, with SpaceX launch imminent, borrows $160 million for satellite refinancing

The $160,000,000 refinancing enables Kacific to repay the short-term loans it obtained while the Ex-Im Bank’s lending window was effectively closed to satellite deals.

Mentioned as: U.S. Export-Import BankNarrative FinancialDec 6, 2019Kacific, with SpaceX launch imminent, borrows $160 million for satellite refinancing

ABS canceled its ABS-8 satellite order with Boeing in 2015 after a lapse in U.S. Export-Import Bank lending.

Mentioned as: U.S. Export-Import BankOrg RelationshipSep 12, 2019AsiaSat plays waiting game on next-gen high-throughput satellite

A bipartisan group of U.S. senators introduced legislation on 2019-07-25 to renew the Export-Import Bank’s authorization for 10 years.

Mentioned as: U.S. Export-Import BankOrg RelationshipSep 9, 2019Satellite industry shifts away from export credit financing

ABS canceled the ABS-8 satellite after the U.S. Export-Import Bank’s 2015 charter lapse undercut financing plans.

Mentioned as: U.S. Export-Import BankNarrative PlanAug 21, 2019No near-term satellite orders for ABS • Amazon joins SIA • Speedcast, Australian Space Agency team up

A bipartisan agreement reached in the U.S. House of Representatives on 2019-06-18 could keep the Export-Import Bank of the United States open until 2026.

Mentioned as: U.S. Export-Import BankNarrative GeneralJun 19, 2019House proposes Ex-Im Bank extension to 2026 • GomSpace conducts more layoffs • Inmarsat wins potential $246 million DoD contract

Advocates for the Export-Import Bank seek a 10-year reauthorization and changes to allow the bank to approve deals larger than $10,000,000 without a quorum of the board.

Mentioned as: U.S. Export-Import BankTechnical ProductJun 10, 2019FIRST UP | Raytheon, UTC announce ‘merger of equals’ • Trump tweet sows space policy confusion • Falcon Heavy slips two days

The National Association of Manufacturers estimated that the United States lost at least $119,000,000,000 in manufacturing output after the Export-Import Bank largely ceased operations in 2015, resulting in 80,000 fewer manufacturing jobs in 2016 and 2017.

Mentioned as: U.S. Export-Import BankOrg RelationshipJun 7, 2019Ex-Im Bank advocates push for 10-year authorizations
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