Summary of the Meeting of the Board of Directors
Completed
I. NON-CLASSIFIED ITEMS:
OPEN:
CLOSED:
TRANSPORTATION DIVISION
Public Notice Expiry Date: 01/14/13
1. COUNTRY: SOUTH AFRICA - AP085332XX (Conversion No. 1)
FOREIGN BUYER: Transnet Limited
PRODUCTS: Locomotives
Public Notice Expiry Date: 06/03/13
2. COUNTRY: KOREA, SOUTH - AP087013XX (Conversion No. 1)
FOREIGN BUYER: SPV/Asiana Airlines
END USER: Asiana Airlines, Inc.
PRODUCTS: Aircraft
Public Notice Expiry Date: 05/17/13
3. COUNTRY: CANADA - AP087891XX
FOREIGN BUYER: SPV/Westjet Airlines Limited
END USER: Westjet
PRODUCTS: Aircraft
TRADE FINANCE DIVISION
4. COUNTRY: UKRAINE - AP086754XX
FOREIGN BUYER: Ferrexpo Yeristovo Mining
PRODUCTS: Mining Machinery and Equipment Manufacturing
5. COUNTRY: UKRAINE - AP0867407XX
FOREIGN BUYER: Ferrexpo Yeristovo Mining
PRODUCTS: Mining Machinery and Equipment Manufacturing
II. CLASSIFIED ITEMS: NONE
I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Friday, June 14, 2013, 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.
Andrea Q. Bernardo
Assistant General Counsel
ITEM NO 1
Country SOUTH AFRICA AP085332XX
Request for FINAL COMMITMENT
ApplicantTRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
BorrowerSPV/TRANSNET LIMITED,
Buyer TRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
End-userTRANSNET LIMITED, JOHANNESBURG 2001 SOUTH AFRICA
ExporterGENERAL ELEC TRANSPORTATION SYS GLOBAL, ERIE PA
SupplierGENERAL ELEC TRANSPORTATION SYS GLOBAL, ERIE PA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LenderBARCLAYS BANK PLC, LONDON E14 4EY UNITED KINGDOM
Project Name NONE
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES
Repayment Term 10 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney,
Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 2
Country KOREA, SOUTH AP087013XX
Request for FINAL COMMITMENT
ApplicantASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
BorrowerSPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-userASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierUNITED TECHNOLOGIES CORP, HARTFORD CT
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LenderTD BANK, NA, MOUNT LAUREL NJ
LessorSPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
LesseeASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Cofin ECAEXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 3
Country CANADA AP087891XX
Request for FINAL COMMITMENT
ApplicantWESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA
BorrowerSPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
BuyerSPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
End-userWESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
ExporterBOEING COMPANY, THE, RENTON WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender TD BANK, NA, HOUSTON TX
LessorSPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
Lessee WESTJET, AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFERRED to US Congress. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Walther all voted in favor of the referral. Director Mulvaney voted against.
ITEM NO 4
Country UKRAINE AP086754XX
Request for FINAL COMMITMENT
ApplicantBNP PARIBAS, NEW YORK NY
BorrowerFERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
GuarantorFERREXPO AG, BAAR CH-6340 SWITZERLAND
GuarantorFERREXPO MIDDLE EAST FZE, DUBAI U ARAB EMIRATES
GuarantorFERREXPO PLC, LONDON UNITED KINGDOM
GuarantorFERREXPO POLTAVA MINING, KOMSOMOLSK UKRAINE
Buyer FERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
End-userFERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
ExporterCATERPILLAR INC., PEORIA IL
SupplierCATERPILLAR INC., PEORIA IL
Gteed LenderPRIVATE EXPORT FUNDING CORP, NEW YORK NY
Project Name NONE
Project Description IRON ORE MINING
Product Description MINING MACHINERY AND EQUIPMENT MANUFACTURING
Financed Amount $ 17,763,174
Repayment Term 6 YEARS
Board Decision: APPROVED. Vice Chair Felton, Director Mulvaney, and Director Walther all voted in favor of the transaction; Director Loui recused herself; Chairman Hochberg was absent.
ITEM NO 3
Country CANADA AP087891XX
Request for FINAL COMMITMENT
Applicant WESTJET AIRLINES LTD., CALGARY, ALBERTA T2E 8N4 CANADA
BorrowerSPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
Buyer SPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
End-userWESTJET,AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gted Lndr TD BANK, NA, HOUSTON TX
LessorSPV/WESTJET AIRLINES LIMITED, CALGARY, ALBERTA T2E 8N4 CANADA
Lessee WESTJET, AN ALBERTA PARTNERSHIP, CALGARY, ALBERTA CANADA
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFERRED to US Congress. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Walther all voted in favor of the referral. Director Mulvaney voted against.
ITEM NO 4
Country UKRAINE AP086754XX
Request for FINAL COMMITMENT
ApplicantBNP PARIBAS, NEW YORK NY
BorrowerFERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
Guarantor FERREXPO AG, BAAR CH-6340 SWITZERLAND
Guarantor FERREXPO MIDDLE EAST FZE, DUBAI U ARAB EMIRATES
Guarantor FERREXPO PLC, LONDON UNITED KINGDOM
Guarantor FERREXPO POLTAVA MINING, KOMSOMOLSK UKRAINE
Buyer FERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
End-userFERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
ExporterCATERPILLAR INC., PEORIA IL
SupplierCATERPILLAR INC., PEORIA IL
Gted Lndr PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Project Name NONE
Project Description IRON ORE MINING
Product Description MINING MACHINERY AND EQUIPMENT MANUFACTURING
Financed Amount $ 17,763,174
Repayment Term 6 YEARS
Board Decision: APPROVED. Vice Chair Felton, Director Mulvaney, and Director Walther all voted in favor of the transaction; Director Loui recused herself; Chairman Hochberg was absent.
ITEM NO 5
Country UKRAINE AP087407XX
Request for FINAL COMMITMENT
Applicant BNP-PARIBAS, NEW YORK NY
BorrowerFERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
Guarantor FERREXPO AG, BARR UKRAINE
Guarantor FERREXPO MIDDLE EAST FZE, DUBAI U ARAB EMIRATES
Guarantor FERREXPO PLC, LONDON UNITED KINGDOM
Guarantor FERREXPO POLTAVA MINING, KOMSOMOLSK UKRAINE
Buyer FERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
End-user FERREXPO YERISTOVO MINING, KOMSOMOLSK CITY UKRAINE
Exporter CATERPILLAR INC., PEORIA IL
Exporter ATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
Supplier CATERPILLAR INC., PEORIA IL
Supplier ATLAS COPCO DRILLING SOLUTIONS, INC., GARLAND TX
Gted Lndr PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Project Name NONE
Project Description IRON ORE MINING
Product Description MINING MACHINERY AND EQUIPMENT MANUFACTURING
Financed Amount $ 15,291,230
Repayment Term 6 YEARS
Board Decision: APPROVED. Vice Chair Felton, Director Mulvaney, and Director Walther all voted in favor of the transaction; Director Loui recused herself; Chairman Hochberg was absent.