Export Development Canada announced a $50 million financing deal with Navistar Financial Mexico (NFCx), the financial arm of Navistar Mexico (Navimex), a wholly owned subsidiary of Navistar International Corporation in Mexico.

NFCx provides financing programs and services tailored to support Navistar’s dealer and customer equipment financing needs in Mexico and Latin America. The financing will be used by NFCx to provide loans and leases to Mexican buyers of Navimex’s trucks and buses, which are mainly small- to medium-sized enterprises.

“This financing provides Navimex with ongoing flexibility to help us support the purchase of components produced by Canadian suppliers that are used in the manufacturing of international trucks and buses in Mexico,” said Jose Alfredo Chacon Perez, executive president, Navistar Financial Mexico.

Navimex is a manufacturer of commercial trucks and buses sold in Latin America, Canada and the U.S., with one of its principal manufacturing facilities located in Monterrey, Mexico.