Summary of the Meeting of the Board of DirectorsThursday, May 29, 2014
1. Minutes of May 15, 2014 Board Meeting to be approved
WORKING CAPITAL DIVISION
2. Working Capital Guarantee No. AP088564XX
OBLIGOR: Ascend Performance Materials Operations
Ascend Performance Materials SPRL
PRODUCTS: Nylon Resins and Chemicals
EXIMBANK LIABILITY: $117,000,000
Notes: See Item No. 6 on the 03-27-14 Agenda. Also see Addendum.
STRUCTURED FINANCE DIVISION
3. COUNTRY: UNITED KINGDOM - AP088567XX
FOREIGN BUYER: Inmarsat Investments Ltd.
END USER: Inmarsat S.A.
TOTAL FINANCED AMOUNT: $185,907,209
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 29, 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
ITEM NO 1 Minutes of May 15, 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ITEM NO 2 WITHDRAWN
ITEM NO 3
Country UNITED KINGDOM AP088567XX
Request for FINAL COMMITMENT
Applicant ING CAPITAL LLC, New York NY
Borrower INMARSAT INVESTMENTS LTD, London ND
Guarantor INMARSAT GLOBAL LTD., UNITED KINGDOM
Guarantor INMARSAT LEASING (TWO) LTD, UNITED KINGDOM
Guarantor ADDITIONAL GUARANTORS
Buyer INMARSAT S.A. (SWITZERLAND), Eysin VD
End-user INMARSAT S.A. (SWITZERLAND), Eysin VD
Exporter ING CAPITAL LLC, New York NY
Exporter BOEING SATELLITE SYSTEMS, INC., El Segundo CA
Exporter ALLEN & OVERY LLP, New York NY
Supplier BOEING SATELLITE SYSTEMS, INC., El Segundo CA
Project Name I5-F4 SATELLITE
Project Description GLOBAL EXPRESS SATELLITE PROJECT
Product Description SATELLITE
Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.