MIAMI, FL -- (MARKET WIRE) -- October 26, 2006 -- E-Wire -- The Export Import Bank of the United States has approved Comprehensive Guarantee to cover a U.S. Loan of $9.38 million to fund establishment of Xechem Pharmaceutical Plant in Abuja, Nigeria, estimated to cost $12.45 million. UPS Capital Business Credit of Hartford, Connecticut is the U.S. Lender providing related Loan for the Project, while Access Bank, Plc. and Diamond Bank, Plc. are to provide Nigerian Bank Guarantees in support of the Project Loan. The Xechem Pharmaceutical Project Loan has been successfully packaged by Financialbridge and will be utilized to purchase U.S. manufactured Plants and Machinery to be supplied by leading Pharmaceutical Equipment Vendors and EPC Contractors including Fisher Scientific, APT and NITRA Corp, etc.
