ANNOUNCEMENT 26 Jun 2018
In 2018 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 26 June 2018, Export Development Bank Canada (EDC) announced a guarantee for the Valiant Corporation. The stated purpose of the transaction is support for working capital/general corporate purposes to Valiant Corporation and its operations within Canada.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive a guarantee over an amount in the range Can.$25-50 million. Taking the lowest possible amount, in this case, Can.$25 million (approx. U.S.$19.04 million), is our conservative estimate of the guarantee received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.