Summary of the Meeting of the Board of Directors
December 16, 2010
December 31, 1969
ITEM NO 1
Country UNITED KINGDOM AP085168XX
Request for FINAL COMMITMENT
Applicant ING CAPITAL LLC, NEW YORK NY
Borrower INMARSAT INVESTMENT LIMITED, LONDON, EC1Y 1AX UNITED KINGDOM
Guarantor VARIOUS GUARANTORS, UNKNOWN NY
Buyer INMARSAT AG, SCHAFFHAUSEN 8201 SWITZERLAND
End-user INMARSAT AG, SCHAFFHAUSEN 8201 SWITZERLAND
Exporter BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA
Supplier BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA
Gteed Lender NONE
Project Name INMARSAT 5
Project Description COMMUNICATION SATELLITE SYSTEM
Product Description SATELLITES
Financed Amount $653,360,040
Repayment Term 8.6 YEARS
Board Decision: APPROVED. Chairman Hochberg and Director Kian both voted in favor of the transaction. Director Farrell recused herself.
ITEM NO 2
Country COLOMBIA AP084891XX
Request for FINAL COMMITMENT
Applicant BNP PARIBAS, NEW YORK, NY 10019
Borrower ECOPETROL S.A., BOGOTA COLOMBIA
Guarantor NONE
Buyer ECOPETROL S.A., BOGOTA COLOMBIA
End-user ECOPETROL S.A., BOGOTA COLOMBIA
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender BNP PARIBAS, NEW YORK, NY 10019
Project Name NONE
Project Description CRUDE PETROLEUM PRODUCTION
Product Description FINANCE U.S. GOODS AND SERVICES
Financed Amount $420,442,800
Repayment Term TBD
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the Transaction.
ITEM NO 3
Country TURKEY AP085639XX
Request for FINAL COMMITMENT
Applicant PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Director Kian both voted in favor of the referral, Director Farrell recused herself.
ITEM NO 4
Country INDIA AP085397XX
Request for FINAL COMMITMENT
Applicant ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Borrower TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Guarantor TATA COMMUNICATIONS LIMITED, FORT, MUMBAI 400 001 INDIA
Buyer TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
End-user TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Exporter TYCO ELECTRONICS SUBSEA COMMUNICATIONS, MORRISTOWN NJ
Exporter SPELLMAN HIGH VOLTAGE ELECTRIC CORP, HAUPPAUGE NY
Exporter TTI TEAM TELECOM INTERNATIONAL INC, HOBOKEN NJ
Supplier TYCO INTEGRATED CABLE SYSTEM, NEWINGTON NH
Supplier TYCO TELECOMMUNICATIONS, LOWELL MA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Project Name TGN GULF CABLE
Project Description TELECOMMUNICATION SERVICE
Product Description CABLE INSTALL, ROUTE SURVEYS, PRGM MGMT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian
and Director Farrell all voted in favor of the referral.
ITEM NO 5
Request for an Exception to the Limitations on PEFCO's Purchase of Long-Term Floating Rate Loans and Special Delegated Authority to Approve Permitted Transactions.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all approved both the Request for an Exception and the Special Delegated Authority.
Completed
Certification for Closure of Meeting
I, Jonathan J. Cordone, General Counsel, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, December 16, 2010, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.
Accordingly, such meeting may be closed to the public
Date Posted
Summary of Minutes
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF THE MEETING OF BOARD OF DIRECTORS
DECEMBER 16, 2010
ITEM NO 1
Country UNITED KINGDOM AP085168XX
Request for FINAL COMMITMENT
Applicant ING CAPITAL LLC, NEW YORK NY
Borrower INMARSAT INVESTMENT LIMITED, LONDON, EC1Y 1AX UNITED KINGDOM
Guarantor VARIOUS GUARANTORS, UNKNOWN NY
Buyer INMARSAT AG, SCHAFFHAUSEN 8201 SWITZERLAND
End-user INMARSAT AG, SCHAFFHAUSEN 8201 SWITZERLAND
Exporter BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA
Supplier BOEING SATELLITE SYSTEMS INC, EL SEGUNDO CA
Gteed Lender NONE
Project Name INMARSAT 5
Project Description COMMUNICATION SATELLITE SYSTEM
Product Description SATELLITES
Financed Amount $653,360,040
Repayment Term 8.6 YEARS
Board Decision: APPROVED. Chairman Hochberg and Director Kian both voted in favor of the transaction. Director Farrell recused herself.
ITEM NO 2
Country COLOMBIA AP084891XX
Request for FINAL COMMITMENT
Applicant BNP PARIBAS, NEW YORK, NY 10019
Borrower ECOPETROL S.A., BOGOTA COLOMBIA
Guarantor NONE
Buyer ECOPETROL S.A., BOGOTA COLOMBIA
End-user ECOPETROL S.A., BOGOTA COLOMBIA
Exporter VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender BNP PARIBAS, NEW YORK, NY 10019
Project Name NONE
Project Description CRUDE PETROLEUM PRODUCTION
Product Description FINANCE U.S. GOODS AND SERVICES
Financed Amount $420,442,800
Repayment Term TBD
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the Transaction.
ITEM NO 3
Country TURKEY AP085639XX
Request for FINAL COMMITMENT
Applicant PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY
Gteed Lender ING (US) CAPITAL, LLC, NEW YORK NY
Lessor SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Director Kian both voted in favor of the referral, Director Farrell recused herself.
ITEM NO 4
Country INDIA AP085397XX
Request for FINAL COMMITMENT
Applicant ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Borrower TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Guarantor TATA COMMUNICATIONS LIMITED, FORT, MUMBAI 400 001 INDIA
Buyer TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
End-user TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Exporter TYCO ELECTRONICS SUBSEA COMMUNICATIONS, MORRISTOWN NJ
Exporter SPELLMAN HIGH VOLTAGE ELECTRIC CORP, HAUPPAUGE NY
Exporter TTI TEAM TELECOM INTERNATIONAL INC, HOBOKEN NJ
Supplier TYCO INTEGRATED CABLE SYSTEM, NEWINGTON NH
Supplier TYCO TELECOMMUNICATIONS, LOWELL MA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Project Name TGN GULF CABLE
Project Description TELECOMMUNICATION SERVICE
Product Description CABLE INSTALL, ROUTE SURVEYS, PRGM MGMT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian
and Director Farrell all voted in favor of the referral.
ITEM NO 5
Request for an Exception to the Limitations on PEFCO's Purchase of Long-Term Floating Rate Loans and Special Delegated Authority to Approve Permitted Transactions.
Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all approved both the Request for an Exception and the Special Delegated Authority.