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Summary/Agenda of the Meeting of the Board of Directors

Thursday, May 15, 2014
 
Completed

I. OPEN: NONE

II. CLOSED:
1. Minutes of May 1, 2014 Board Meeting to be approved

TRANSPORTATION DIVISION
2. COUNTRY: CHINA AP088580XX
FOREIGN BUYER: SPC/ICBC Financial Leasing Limited
END USER: Garuda Indonesia Airlines
PRODUCTS: Aircraft

3A. COUNTRY: LUXEMBOURG AP088735XX
FOREIGN BUYER: SPV/Cargolux Airlines International, S.A.
END-USER: Cargolux Airlines International, S.A.
PRODUCTS: Aircraft

3B. COUNTRY: LUXEMBOURG PC088734XX
FOREIGN BUYER: SPV/Cargolux Airlines International, S.A.
END-USER: Cargolux Airlines International, S.A.
PRODUCTS: Aircraft

STRUCTURED FINANCE DIVISION
4. COUNTRY: ARGENTINA AP088250XX
FOREIGN BUYER: Pan American Energy (Sucursal Argentina)
PRODUCTS: Drilling Equipment
TOTAL FINANCED AMOUNT: $98,451,807

CREDIT POLICY COMMITTEE

5. Country Review (CLS Cover Policy and Footnote Changes)

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 15, 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

Date Posted: Friday, May 9, 2014

ITEM NO 1 Minutes of May 1, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 2
Country CHINA AP088580XX
Request for FINAL COMMITMENT

Applicant ICBC FINANCIAL LEASING CO. LTD, Beijing
Borrower SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
Buyer SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
End-user GARUDA INDONESIA AIRLINES, Jakarta
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gtd Lender CITIBANK, N.A., New York NY
Lessor SPV/ICBC FINANCIAL LEASING CO LTD, Beijing 11
Lessee ICBC INTERNATIONAL LEASING CO., LTD., Dublin CE
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: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.

ITEM NO 3A
Country LUXEMBOURG AP088735XX
Request for FINAL COMMITMENT

Applicant CARGOLUX AIRLINES INT'L S.A., Luxembourg
Borrower SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Buyer SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
End-user CARGOLUX AIRLINES INT'L S.A., Luxembourg
Exporter BOEING COMPANY, THE, Seattle WA
Supplier BOEING COMPANY, THE, Seattle WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lender SAS RUE LA BOETIE /DBA/ CREDIT AGRICOLE, Paris
Gtd Lender GOLDMAN SACHS GROUP INC., New York NY
Lessor SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Lessee CARGOLUX AIRLINES INT'L S.A., Luxembourg

Project Name CARGOLUX AIRLINES INTL. S.A.
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: TRANSCTION REFERED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 3B
Country LUXEMBOURG PC088734XX
Request for PRELIMINARY COMMITMENT

Applicant CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Borrower SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Buyer SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
End-user CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Exporter BOEING COMPANY, THE, Seattle WA
Supplier BOEING COMPANY, THE, Seattle WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Gtd Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Lessee CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler

Project Name CAROLUX AIRLINES INTL. S.A.
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: TRANSCTION REFERED TO CONGRESS. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 4
Country ARGENTINA AP088250XX
Request for FINAL COMMITMENT

Applicant WELLS FARGO BANK, N.A., Minneapolis MN
Borrower PAN AMERICAN ENERGY (SUCURSAL ARGENTINA), Buenos Aires 1001
Guarantor PAN AMERICAN ENERGY LLC, Wilmington DE
Buyer PAN AMERICAN ENERGY (SUCURSAL ARGENTINA), Buenos Aires 1001
End-user PAN AMERICAN ENERGY (SUCURSAL ARGENTINA), Buenos Aires 1001
Exporter NATIONAL OILWELL VARCO, INC., Houston, TX
Exporter SUTTER NATIONAL INC., Houston, TX
Exporter PANAPINA INC, Tulsa, OK
Exporter GE PACKAGED POWER INC., Houston, TX
Supplier NATIONAL OILWELL VARCO, INC., Houston, TX
Supplier SUTTER NATIONAL INC., Houston, TX
Supplier PANAPINA INC, Tulsa, OK
Supplier GE PACKAGED POWER INC., Houston, TX
Gtd Lender WELLS FARGO BANK, N.A., Minneapolis MN
PSOR PAN AMERICAN ENERGY (SUCURSAL ARGENTINA), Buenos Aires 1001

Project Name CERRO DRAGON
Project Description OIL & GAS EXTRACTION
Product Description DRILLING EQIPM EMT
Financed Amount $ 98,451,807
Repayment Term 4.5 YEARS

Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.

ITEM NO 5
Country URUGUAY AP087794XX
Request for FINAL COMMITMENT

Applicant BANCO BILBAO VIZCAYA, New York NY
Borrower ASTIDEY, S.A., Montevideo 11100
Guarantor NONE
Buyer ASTIDEY, S.A., Montevideo 11100
End-user ASTIDEY, S.A., Montevideo 11100
Exporter GAMESA TECHNOLOGY CORP, LLC, Trevose PA
Exporter MOTT MACDONALD LLC, Westwood MA
Exporter P50 CAPITAL LLC, New York, NY
Supplier GAMESA TECHNOLOGY CORP, LLC, Trevose PA
Supplier MOTT MACDONALD LLC, Westwood MA
Supplier P50 CAPITAL LLC, New York, NY
Gtd Lender NONE

Project Name TALAS DE MACIEL 1 WIND PROJECT
Project Description 50MW WIND FARM PROJECT
Product Description WIND TURBINES OF 2MW RATED POWER
Financed Amount $ 64,463,859
Repayment Term 18 YEARS

Board Decision: TRANSCTION APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the approving the transaction.

ITEM NO 6 Country Limitation Schedule (CLS) Cover Policy/Note Changes. Effective May 22, 2014.
Board Decision: CHANGES APPROVED. Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of favor of the changes.