Summary of the Meeting of the Board of Directors
Completed
I. OPEN: NONE
II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: LUXEMBOURG AP088734XX (Conversion No. 1)
FOREIGN BUYER: SPV/Cargolux Airlines International, S.A.
END-USER: Cargolux Airlines International, S.A.
PRODUCTS: Aircraft
2. COUNTRY: UNITED ARAB EMIRATES - AP088934XX
FOREIGN BUYER: SPV/Emirates Airlines
END USER: Emirates Airlines
PRODUCTS: Aircraft
3A. COUNTRY: SOUTH AFRICA - AP085158XX (Conversion No. 4)
FOREIGN BUYER: SPC/Comair, Ltd.
END USER: Comair, Ltd
PRODUCTS: Aircraft
3B. COUNTRY: SOUTH AFRICA - PC085158XX (Amendment)
FOREIGN BUYER: SPC/Comair, Ltd.
END USER: Comair, Ltd
PRODUCTS: Aircraft
STRUCTURED FINANCE DIVISION
4A. COUNTRY: MEXICO - AP088969XX
FOREIGN BUYER: Petroleos Mexicanos
END USER: Pemex Exploracion y Produccion
PRODUCTS: Oil & Gas Field Machinery & Equipment
TOTAL FINANCED AMOUNT: $200,000,000
4B. COUNTRY: MEXICO - AP088970XX
FOREIGN BUYER: Petroleos Mexicanos
END USER: Pemex Exploracion y Produccion
PRODUCTS: Rig & Platform Rental & Services
TOTAL FINANCED AMOUNT: $1,300,000,000
TRANSPORTATION DIVISION
5. COUNTRY: BANGLADESH - AP089020XX
FOREIGN BUYER: SPV/Biman Bangladesh Airlines Limited
END-USER: Biman Bangladesh Airlines Limited
PRODUCTS: Aircraft
I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:30 AM on Thursday, June 25, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
ITEM NO 1
Country LUXEMBOURG AP088734XX
Request for FINAL COMMITMENT
Applicant CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Borrower SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Buyer SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
End-user CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Exporter BOEING COMPANY, THE, Seattle WA
Supplier BOEING COMPANY, THE, Seattle WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gtd Lndr VARIOUS CAPITAL MKT INVESTORS, Tbd NY
Lessor SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Lessee CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Project Name CARGOLUX AIRLINES INTL. S.A.
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.
ITEM NO 2
Country UNITED ARAB EMIRATES AP088934XX
Request for FINAL COMMITMENT
Applicant EMIRATES AIRLINES, Dubai DU
Borrower SPV/EMIRATES AIRLINES, Dubai DU
Buyer SPV/EMIRATES AIRLINES, Dubai DU
End-user EMIRATES AIRLINES, Dubai DU
Exporter BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, EVERETT WA
Gtd Lndr TORONTO-DOMINION BANK, THE, Mount Laurel NJ
Lessor SPV/EMIRATES AIRLINES, Dubai DU
Lessee EMIRATES AIRLINES, Dubai DU
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name EMIRATES AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 11 YEARS/3 MONTHS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.
ITEM NO 3A
Country SOUTH AFRICA AP085158XX (Conversion No. 4)
Request for FINAL COMMITMENT
Applicant COMAIR LIMITED, Bonagro Park
Borrower SPC/COMAIR LIMITED, Johannesburg, South Africa
Buyer SPC/COMAIR LIMITED, Johannesburg, South Africa
End-user COMAIR LIMITED, Bonagro Park, South Africa
Exporter BOEING COMPANY, THE, Renton WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Renton WA
Gtd Lndr NEDBANK CAPITAL, Sandton GS
Lessor SPC/COMAIR LIMITED, Johannesburg, South Africa
Lessee COMAIR LIMITED, Bonagro Park, South Africa
Project Name COMAIR
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.
ITEM NO 3B
Country SOUTH AFRICA PC085158XX
Request for AMENDMENT OF PRELIMINARY COMMITMENT
Applicant COMAIR LIMITED, Bonagro Park
Borrower SPC/COMAIR LIMITED, Johannesburg, South Africa
Buyer SPC/COMAIR LIMITED, Johannesburg, South Africa
End-user COMAIR LIMITED, Bonagro Park
Exporter BOEING COMPANY, THE, Renton WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier BOEING COMPANY, THE, Renton WA
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPC/COMAIR LIMITED, Johannesburg, South Africa
Lessee COMAIR LIMITED, Bonagro Park
Project Name COMAIR
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.
ITEM NO 4A
Country MEXICO AP088969XX
Request for FINAL COMMITMENT
Applicant PETROLEOS MEXICANOS, Mexico City MEXICO
Borrower PETROLEOS MEXICANOS, Mexico City MEXICO
Guarantor PEMEX-REFINACION, MEXICO
Guarantor PEMEX-GAS Y PETROQUIMICA BASICA, MEXICO
Guarantor PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Buyer PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
End-user PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
Exporter VARIOUS US SMALL BUSINESSES, Washington DC
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Project Name SBF
Project Description PEMEX OIL & GAS PRODUCTION
Product Description OIL & GAS FIELD MACHINERY & EQUIPMENT
Financed Amount $ 200,000,000
Repayment Term 10 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui all voted in favor of the transaction. Director Mulvaney voted against.
ITEM NO 4B
Country MEXICO AP088970XX
Request for FINAL COMMITMENT
Applicant PETROLEOS MEXICANOS, Mexico City MEXICO
Borrower PETROLEOS MEXICANOS, Mexico City MEXICO
Guarantor PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Guarantor PEMEX-REFINACION, MEXICO
Guarantor PEMEX-GAS Y PETROQUIMICA BASICA, MEXICO
Buyer PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
End-user PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
Exporter VARIOUS US COMPANIES, Washington DC
Exporter SOLAR TURBINES INTERNATIONAL COMPANY, San Diego CA
Exporter ADDITIONAL EXPORTERS
Supplier VAR