Summary of the Meeting of the Board of Directors
June 26, 2014
December 31, 1969
Completed
Agenda
I. OPEN: NONE
II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: THAILAND - AP088703XX
FOREIGN BUYER: SPV / Thai Airways International Ltd.
END USERS: Thai Airways International Public Co. Ltd.
PRODUCTS: Aircraft
2. COUNTRY: SOUTH AFRICA - AP088827XX
FOREIGN BUYER: SPV / TRANSNET SOC Limited
END USER: TRANSNET SOC Limited
PRODUCTS: Diesel Locomotives
TOTAL FINANCED AMOUNT: $523,075,799
II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: THAILAND - AP088703XX
FOREIGN BUYER: SPV / Thai Airways International Ltd.
END USERS: Thai Airways International Public Co. Ltd.
PRODUCTS: Aircraft
2. COUNTRY: SOUTH AFRICA - AP088827XX
FOREIGN BUYER: SPV / TRANSNET SOC Limited
END USER: TRANSNET SOC Limited
PRODUCTS: Diesel Locomotives
TOTAL FINANCED AMOUNT: $523,075,799
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, June 26, 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
Assistant General Counsel
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
Date Posted
Summary of Minutes
ITEM NO 1
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
Gtd Lndr 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
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of approving the transaction.
ITEM NO 2
Country SOUTH AFRICA AP088827XX
Request for FINAL COMMITMENT
Applicant TRANSNET LIMITED, Johannesburg GT
Borrower SPV/TRANSNET LIMITED, N/A
Guarantor TRANSNET LIMITED, Johannesburg GT
Buyer TRANSNET LIMITED, Johannesburg GT
End-user TRANSNET LIMITED, Johannesburg GT
Exporter GENERAL ELECTRIC INTERNATIONAL, INC., Erie PA
Supplier GENERAL ELECTRIC INTERNATIONAL, INC., Erie PA
Supplier VARIOUS US COMPANIES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Project Name NONE
Project Description RAILROAD TRANSPORTATION-LOCOMOTIVES
Product Description LOCOMOTIVES
Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.
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
Gtd Lndr 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
Repayment Term 12 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of approving the transaction.
ITEM NO 2
Country SOUTH AFRICA AP088827XX
Request for FINAL COMMITMENT
Applicant TRANSNET LIMITED, Johannesburg GT
Borrower SPV/TRANSNET LIMITED, N/A
Guarantor TRANSNET LIMITED, Johannesburg GT
Buyer TRANSNET LIMITED, Johannesburg GT
End-user TRANSNET LIMITED, Johannesburg GT
Exporter GENERAL ELECTRIC INTERNATIONAL, INC., Erie PA
Supplier GENERAL ELECTRIC INTERNATIONAL, INC., Erie PA
Supplier VARIOUS US COMPANIES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Project Name NONE
Project Description RAILROAD TRANSPORTATION-LOCOMOTIVES
Product Description LOCOMOTIVES
Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.