Summary of the Meeting of the Board of Directors
Completed
II. CLOSED:
1. Minutes of July 14, 2014 Board Meeting to be approved
2. Minutes of July 17, 2014 Board Meeting to be approved
STRUCTURED FINANCE DIVISION
3. COUNTRY: PERU - AP087793XX
FOREIGN BUYER: PARQUE EOLICO TRES HERMANAS, S.A.C.
END USER: Parque Eolico Tres Hermanas, S.A.C.
PRODUCTS: Wind Turbines
TOTAL FINANCED AMOUNT: $52,344,072
4. COUNTRY: PERU - AP088334XX
FOREIGN BUYER: PARQUE EOLICO MARCONA, S.R.L.
END USERS: Parque Eolico Marcona, S.R.L.
PRODUCTS: Wind Turbines
TRANSPORTATION DIVISION
5. COUNTRY: PAKISTAN - AP088595XX
FOREIGN BUYER: PAKISTAN INTERNATIONAL AIRLINES CORPORATION
END USER: Pakistan International Airlines Corporation
PRODUCTS: Aircraft Engine Parts and Overhaul
TRADE FINANCE DIVISION
6. COUNTRY: ITALY - FB-587044
FOREIGN BUYER: FINMECCANICA S.P.A.
END USER: Alenia Aermacchi S.P.A.
PRODUCTS: Aircraft
TOTAL LIABILITY: $225,000,000
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
ITEM NO 1 Minutes of July 14, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney all voted in favor of the minutes.
ITEM NO 2 Minutes of July 17, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney all voted in favor of the minutes.
ITEM NO 3
Country PERU AP088334XX
Request for FINAL COMMITMENT
Applicant PARQUE EOLICO MARCONA, S.R.L., Callao
Borrower PARQUE EOLICO MARCONA, S.R.L., Callao
Guarantor NONE
Buyer PARQUE EOLICO MARCONA, S.R.L., Callao
End-user PARQUE EOLICO MARCONA, S.R.L., Callao
Exporter INTERMARINE INC, New Orleans LA
Exporter SIEMENS ENERGY, INC., Orlando FL
Exporter ADDITIONAL EXPORTERS
Supplier INTERMARINE INC, New Orleans LA
Supplier SIEMENS ENERGY, INC., Orlando FL
Supplier ADDITIONAL SUPPLIERS
Gteed Lender NONE
Project Name MARCONA WIND PROJECT
Project Description MARCONA 32.1MW WINDFARM
Product Description WIND TURBINES
Financed Amount $12,428,611
Repayment Term 17 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg and Vice Chair Felton voted in favor of approving the transaction. Director Mulvaney voted against.
ITEM NO 4
Country PERU AP087793XX
Request for FINAL COMMITMENT
Applicant PARQUE EOLICO TRES HERMANAS, S.A.C., Cercado De Lima IM
Borrower PARQUE EOLICO TRES HERMANAS, S.A.C., Cercado De Lima IM
Guarantor NONE
Buyer PARQUE EOLICO TRES HERMANAS, S.A.C., Cercado De Lima IM
End-user PARQUE EOLICO TRES HERMANAS, S.A.C., Cercado De Lima IM
Exporter SIEMENS ENERGY, INC., Orlando FL
Exporter INTERMARINE INC, New Orleans LA
Exporter ADDITIONAL EXPORTERS
Supplier SIEMENS ENERGY, INC., Orlando FL
Supplier INTERMARINE INC, New Orleans LA
Supplier ADDITIONAL SUPPLIERS
Gteed Lender NONE
Project Name TRES HERMANAS WIND PROJECT
Project Description TRES HERMANAS 97.15MW WIND FARM
Product Description WIND TURBINES
Financed Amount $ 52,344,072
Repayment Term 16 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg and Vice Chair Felton voted in favor of approving the transaction. Director Mulvaney voted against.
ITEM NO 5
Country PAKISTAN AP088595XX
Request for FINAL COMMITMENT
Applicant PAKISTAN INTERNATIONAL AIRLINES CORPORAT, Karachi
Borrower PAKISTAN INTERNATIONAL AIRLINES CORPORAT, Karachi
Buyer PAKISTAN INTERNATIONAL AIRLINES CORPORAT, Karachi
End-user PAKISTAN INTERNATIONAL AIRLINES CORPORAT, Karachi
Exporter GE AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier GE AVIATION, Cincinnati OH
Gteed Lender CITIBANK, N.A., New York NY
Project Description AIRCRAFT ENGINE MAINTENANCE
Product Description ENGINE REFURBISHMENT
Repayment Term 2 YEARS
Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney voted in favor of approving the transaction.
ITEM NO 6 WITHDRAWN