Summary of the Meeting of the Board of Directors
May 22, 2014
December 31, 1969
Completed
Agenda
I. OPEN: NONE
II. CLOSED:
1. Minutes of May 8, 2014 Board Meeting to be approved
WORKING CAPITAL DIVISION
2. Working Capital Guarantee No. AP086603XA
OBLIGOR: Frontier Spinning Mills
PRODUCTS: Yarn
EXIMBANK LIABILITY: $54,000,000
TRANSPORTATION DIVISION
3. COUNTRY: THAILAND - AP088703XX
FOREIGN BUYER: SPV/Thai Airways International Ltd.
END USERS: Thai Airways International Public Co. Ltd.
PRODUCTS: Aircraft
II. CLOSED:
1. Minutes of May 8, 2014 Board Meeting to be approved
WORKING CAPITAL DIVISION
2. Working Capital Guarantee No. AP086603XA
OBLIGOR: Frontier Spinning Mills
PRODUCTS: Yarn
EXIMBANK LIABILITY: $54,000,000
TRANSPORTATION DIVISION
3. COUNTRY: THAILAND - AP088703XX
FOREIGN BUYER: SPV/Thai Airways International Ltd.
END USERS: Thai Airways International Public Co. Ltd.
PRODUCTS: Aircraft
Certification for Closure of Meeting
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 Thursday, May 22, 2014, 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
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Date Posted
Summary of Minutes
ITEM NO 1 Minutes of May 8, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2
Working Capital Guarantee No. AP086603XA
Request for REVOLVING LOAN FACILITY
Applicant PNC BANK, NA, Washington, DC
Gteed Lender PNC BANK, NA, Washington, DC
Obligor FRONTIER SPILLING MILLS, Sanford, NC
Guarantor FRONTIER SPILLING MILLS HOLDING CORP., Sanford, NC
Product YARN
Ex-Im Bank Liability (Millions) $20+
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 3
Country THAILAND AP088703XX
Request for FINAL COMMITMENT
Applicant THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Borrower SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
Buyer SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
End-user THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gteed Lender SOCIETE GENERALE S.A., Paris 75
Lessor SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
Lessee THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.
ITEM NO 2
Working Capital Guarantee No. AP086603XA
Request for REVOLVING LOAN FACILITY
Applicant PNC BANK, NA, Washington, DC
Gteed Lender PNC BANK, NA, Washington, DC
Obligor FRONTIER SPILLING MILLS, Sanford, NC
Guarantor FRONTIER SPILLING MILLS HOLDING CORP., Sanford, NC
Product YARN
Ex-Im Bank Liability (Millions) $20+
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.
ITEM NO 3
Country THAILAND AP088703XX
Request for FINAL COMMITMENT
Applicant THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Borrower SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
Buyer SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
End-user THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gteed Lender SOCIETE GENERALE S.A., Paris 75
Lessor SPV/THAI AIRWAYS INTERNATIONAL LTD, Bangkok 10
Lessee THAI AIRWAYS INTERNATIONAL PUBLIC COMPAN, Bangkok 10
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.