Facebook pixel

Summary/Agenda of the Meeting of the Board of Directors

Friday, September 27, 2013
 
Completed

I. OPEN:
1. Resolution presented to Vice Chair John McAdams upon his resignation

2. PEFCO Secured Notes Resolutions for FY 2014

II. CLOSED:
3. Minutes of July 18, 2013 Board Meeting to be approved
4. Minutes of July 19, 2013 Board Meeting to be approved

STRUCTURED FINANCE DIVISION
Congressional Review - Expiry Date: 09-26-13 / Public Notice Expiry Date: 09-13-13
5. COUNTRY: TURKEY - AP086942XX
FOREIGN BUYER: Star Rafineri A.S
PRODUCTS: Industrial Process Furnace and Oven Manufacturing
See Item No. 4 on the 08-23-13 Agenda.

6. COUNTRY: COSTA RICA - AP085968XX
FOREIGN BUYER: Inversiones Eolica de Orosi dos, S.A. (“IEDO”)
PRODUCTS: Wind Turbine Generators

TRANSPORTATION DIVISION
Public Notice Expiry Date: 9-23-13
7. COUNTRY: HONG KONG - AP088147XX
FOREIGN BUYER: SPV/Cathay Pacific Airways, Ltd.
END USER: Cathay Pacific Airways, Ltd.
PRODUCTS: Aircraft

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General CounselforAdministration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Friday, September 27, 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, except Items No. 1 & 2, may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, September 20, 2013

ITEM NO 1 Resolution presented to Vice Chair John McAdams, upon his resignation.
Board Decision: ADOPTED. Chairman Hochberg, Director Mulvaney and Director Loui adopted the resolution.

ITEM NO 2 PEFCO Secured Notes Resolution for FY 2014.
Board Decision: ADOPTED. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the Resolution.

ITEM NO 3 Minutes of July 18, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 4 Minutes of July 19, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 5
Country TURKEY AP086942XX
Request for FINAL COMMITMENT

ApplicantSTAR RAFINERI A.S., MASLAK-SISLI-ISTANBUL 34398 TURKEY
BorrowerSTAR RAFINERI A.S., MASLAK-SISLI-ISTANBUL 34398 TURKEY
GuarantorNONE
Buyer STAR RAFINERI A.S., MASLAK-SISLI-ISTANBUL 34398 TURKEY
End-useSTAR RAFINERI A.S., MASLAK-SISLI-ISTANBUL 34398 TURKEY
ExporterFLUOR CORP, SUGAR LAND TX
ExporterFOSTER WHEELER USA CORPORATION, HOUSTON TX
ExporterADDITIONAL EXPORTERS
SupplierFLUOR CORP, SUGAR LAND TX
SupplierFOSTER WHEELER USA CORPORATION, HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gted Lndr NONE

Project Name STAR REFINERY
Project Description PETROLEUM REFINERY
Product Description INDUSTRIAL PROCESS FURNACE AND OVEN MANUFACTURING
Financed Amount $ 640,716,277
Repayment Term 14 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the transaction.

ITEM NO 6
Country COSTA RICA AP085968XX
Request for FINAL COMMITMENT

ApplicantINVERSIONES EOLICAS DE OROSI DOS S.A., ESCAZU, SAN JOSE COSTA RICA
Borrower INVERSIONES EOLICAS DE OROSI DOS S.A., ESCAZU, SAN JOSE COSTA RICA
GuarantorNONE
Buyer INVERSIONES EOLICAS DE OROSI DOS S.A., ESCAZU, SAN JOSE COSTA RICA
End-user INVERSIONES EOLICAS DE OROSI DOS S.A., ESCAZU, SAN JOSE COSTA RICA
Exporter GAMESA TECHNOLOGY CORP LLC, TREVOSE PA
Supplier GAMESA TECHNOLOGY CORP LLC, TREVOSE PA
Gtd LndrFINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN COSTA RICA

Project Name OROSI
Project Description WIND POWER PROJECT
Product Description 25 WIND TURBINE GENERATORS, TURBINE
Financed Amount $ 58,811,127
Repayment Term 17 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the transaction.

ITEM NO 7
Country HONG KONG AP088147XX
Request for FINAL COMMITMENT

ApplicantCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
Borrower SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HK
Buyer SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HK
End-userCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
ExporterBOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Gteed Lndr JPMorgan Chase Bank, N.A., New York NY
Lessor SPV/CATHAY PACIFIC AIRWAYS LTD, CENTRAL DISTRICT, HONG KONG 1003 HK
LesseeCATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFERRED to US Congress. Chairman Hochberg, Vice Chair McAdams, Director Mulvaney and Director Loui all voted in favor of the referral.