Facebook pixel

Summary/Agenda of the Meeting of the Board of Directors

Wednesday, September 17, 2014
 
Completed

I. OPEN: NONE

II. CLOSED:
1. Minutes of August 21, 2014 Board Meeting to be approved
2. Minutes of September 4, 2014 Board Meeting to be approved

CREDIT POLICY COMMITTEE
3. Russia - Request for Administrative Hold

TRADE FINANCE DIVISION
4. COUNTRY: INDONESIA LI085614XX
FOREIGN BUYER: Directorate General of Civil Aviation
PRODUCTS: Airport Rescue and Firefighting Vehicles
TOTAL FINANCED AMOUNT: $20,217,100

5. COUNTRY: INDONESIA LI085614XA
FOREIGN BUYER: Directorate General of Civil Aviation
PRODUCTS: Airport Rescue and Firefighting Vehicles
TOTAL FINANCED AMOUNT: $47,510,185

TRANSPORTATION DIVISION
6. COUNTRY: BRAZIL - AP088878XX
FOREIGN BUYER: VRG Linhas Aereas, S.A.
PRODUCTS: Aircraft Engine Maintenance

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, September 18, 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: Thursday, September 11, 2014

ITEM NO 1 Minutes of August 21, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 2 Minutes of September 4, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED . Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 3 Request to authorize an Immediate Administrative Hold of indefinite duration for Russia. Administrative hold to be effective September 27, 2014.

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

ITEM N0 4
Country INDONESIA LI085614XX
Request for LETTER OF INTEREST
Applicant OSHKOSH CORPORATION, Oshkosh WI
Borrower DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
Guarantor MINISTRY OF FINANCE, REP OF INDONESIA, Jakarta Pusat 10710 INDONESIA
Buyer DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
End-user DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
Exporter OSHKOSH CORPORATION, Oshkosh WI
Supplier OSHKOSH CORPORATION, Oshkosh WI

Project Name Strikers & Stingers
Project Description Strikers & Stingers
Product Description Strikers & Stingers
Total Financed Amount $20,217,l 00
LI Expiry Date 03/25/15

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

ITEM N0 5
Country INDONESIA LI085614XA
Request for LETTER OF INTEREST

Applicant OSHKOSH CORPORATION, Oshkosh WI
Borrower DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
Guarantor MINISTRY OF FINANCE, REP OF INDONESIA, Jakarta Pusat 10710 INDONESIA
Buyer DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
End-user DIRECTORATE GENERAL OF CIVIL AVIATION, Jakarta 10110 INDONESIA
Exporter OSHKOSH CORPORATION, Oshkosh WI
Supplier OSHKOSH CORPORATION, Oshkosh WI
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A

Project Name AIRPORT FIRE AND RESCUE VEHICLES
Project Description AIRPORT FIRE AND RESCUE VEHICLES
Product Description AIRPORT FIRE AND RESCUE VEHICLES

Total Financed Amount $47,510,185
LI Expiry Date 03/25/15

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

ITEM N0 6
Country BRAZIL AP088878XX
Request for FINAL COMMITMENT
Applicant VRG LINHAS AEREAS SA, Sao Paulo 04626-020 BRAZIL
Borrower VRG LINHAS AEREAS SA, Sao Paulo 04626-020 BRAZIL
Guarantor GOL LINHAS AEREAS INTELIGENTES S.A., Sao Paulo BRAZIL
Buyer VRG LINHAS AEREAS SA, Sao Paulo 04626-020 BRAZIL
End-user VRG LINHAS AEREAS SA, Sao Paulo 04626-020 BRAZIL
Exporter DELTA TECHNOLOGY, LLC, Atlanta GA
Supplier DELTA TECHNOLOGY, LLC, Atlanta GA
Gteed Lender JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO, New York NY

Project Name NONE
Project Description AIRCRAFT ENGINE MAINTENANCE
Product Description AIRCRAFT ENGINE MAINTENANCE
Repayment Term 3 YEARS

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