Summary of the Meeting of the Board of Directors
Completed
I. OPEN: NONE
II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: ISRAEL - AP088933XX
FOREIGN BUYER: SPV/EL AL ISRAEL AIRLINES
END USER: El Al Israel Airlines
PRODUCTS: Aircraft
STRUCTURED FINANCE DIVISION
2. COUNTRY: INDONESIA - PC088168XX
FOREIGN BUYER: PT PLN (PERSERO), KEBAYORAN BARU, JAKARTA
END USER: PT PLN (Persero), Kebayoran Baru, Jakarta Indonesia
PRODUCTS: Gas Turbines
TOTAL FINANCED AMOUNT: $105,991,823
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, February 26, 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 ISRAEL AP088933XX
Request for FINAL COMMITMENT
Applicant EL AL ISRAEL AIRLINES, Tel-Aviv TA
Borrower EL AL ISRAEL AIRLINES, Tel-Aviv TA
Borrower SPV/EL AL ISRAEL AIRLINES, Tel Aviv
Buyer SPV/EL AL ISRAEL AIRLINES, Tel Aviv
End-user EL AL ISRAEL AIRLINES, Tel-Aviv TA
Exporter BOEING COMPANY, THE, Renton WA
Supplier BOEING COMPANY, THE, Renton WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr TORONTO-DOMINION BANK, THE, Toronto ON
Lessor SPV/EL AL ISRAEL AIRLINES, Tel Aviv
Lessee EL AL ISRAEL AIRLINES, Tel-Aviv TA
Project Name NONE
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 INDONESIA PC088168XX
Request for PRELIMINARY COMMITMENT
Applicant NONE
Borrower PT PLN (PERSERO), INDONESIA
Guarantor NONE
Buyer PT PLN (PERSERO), Kebayoran Baru, Jakarta
End-user PT PLN (PERSERO), Kebayoran Baru, Jakarta
Exporter GENERAL ELECTRIC INTERNATIONAL OPERATION, Washington DC
Supplier GENERAL ELECTRIC INTERNATIONAL OPERATION, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Project Name 2 UNITS OF 9FA GAS TURBINES
Project Description 2 UNITS OF 9FA GAS TURBINES
Product Description 2 UNITS OF 9FA GAS TURBINES
Financed Amount $ $109,110,126
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.