Summary of Minutes of Meeting of Board of Directors

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News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
JULY 29, 2010

ITEM NO 1 Working Capital Guarantee No. AP085217XX Request for FINAL COMMITMENT Applicant PRIVATE EXPORT FUNDING CORP, NEW YORK, NY Lender PRIVATE EXPORT FUNDING CORP, NEW YORK, NY Obligor FORD MOTOR COMPANY, DEARBORN, MI Guarantor NONE Product Description AUTOMOBILES Eximbank Liability (Millions): $20+ Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction. ITEM NO 2 Country MEXICO AP084609XX Request for FINAL COMMITMENT Applicant MINERA Y METALURGICA DEL BOLEO, SA MEXICO Borrower MINERA Y METALURGICA DEL BOLEO, SA MEXICO Guarantor NONE Buyer MINERA Y METALURGICA DEL BOLEO, SA MEXICO End-user MINERA Y METALURGICA DEL BOLEO, SA MEXICO Exporter FL SMIDTH INC, CATASAUQUA PA Exporter FLOWMAX PRODUCTS INC, LIVERMORE CA Exporter ADDITIONAL EXPORTERS Supplier FL SMIDTH INC, CATASAUQUA PA Supplier FLOWMAX PRODUCTS INC, LIVERMORE CA Supplier ADDITIONAL SUPPLIERS Gteed Lender NONE Project Name EL BOLEO MINE (MEXICO) Project Description COPPER/COBALT/ZINC MINING PROJECT Product Description EL BOLEO COPPER/COBALT/ZINC PROJECT Financed Amount $ 419,612,000 Repayment Term 11.6 YEARS Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction. ITEM NO 3 Country BRAZIL AP084018XX Request for FINAL COMMITMENT Applicant STAR ONE, RIO DE JANEIRO, RJ BRAZIL Borrower STAR ONE, RIO DE JANEIRO, RJ BRAZIL Guarantor NONE Buyer STAR ONE, RIO DE JANEIRO, RJ BRAZIL End-user STAR ONE, RIO DE JANEIRO, RJ BRAZIL Exporter ORBITAL SCIENCES CORPORATION, DULLES VA Supplier NORTHROP GRUMMAN SYSTEMS CORP, WOODLAND HILLS CA Supplier ADCOLE CORPORATION, MARLBOROUGH MA Supplier ADDITIONAL SUPPLIERS Gteed Lender NONE Project Name STAR ONE C3 SATELLITE Project Description TELECOMMUNICATION SERVICES - SATELLITE Product Description SATELLITE Financed Amount $ 127,359,053 Repayment Term 8.6 YEARS Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction. ITEM NO 4A Country ETHIOPIA AP084930XX Request for FINAL COMMITMENT Applicant ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Borrower SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Buyer SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA End-user ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Exporter BOEING COMPANY, THE, EVERETT WA Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH Supplier BOEING COMPANY, THE, EVERETT WA Gteed Lender CITIBANK INTERNATIONAL PLC, LONDON, LONDON WC2R1LS UNITED KINGDOM Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN Project Name NONE Project Description AIR TRANSPORTATION Product Description AIRCRAFT Repayment Term 12 YEARS Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself. ITEM NO 4B Country ETHIOPIA PC081763XX Request for AMENDMENT OF PRELIMINARY COMMITMENT Applicant ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Borrower SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Buyer SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA End-user ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Exporter BOEING COMPANY, THE, EVERETT WA Supplier BOEING COMPANY, THE, EVERETT WA Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN Project Name NONE Project Description AIR TRANSPORTATION Product Description AIRCRAFT Repayment Term 12 YEARS Board Decision: APPROVED. Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.