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Summary/Agenda of the Meeting of the Board of Directors

Thursday, March 12, 2015
 
Completed

I. OPEN: NONE

II. CLOSED:
1. Minutes of February 19, 2015 Board Meeting to be approved
2. Minutes of February 26, 2015 Board Meeting to be approved

WORKING CAPITAL DIVISION
3. Working Capital Guarantee No. AP088953XX
OBLIGOR: Accelerant Technologies, LLC
PRODUCTS: Consult Services for Nuclear Power Station
EXIMBANK LIABILITY: $1,152,000.00

TRANSPORTATION DIVISION
4. COUNTRY: NORWAY - AP088925XX
FOREIGN BUYER: SPV/Norwegian Air Shuttle ASA
END USER: Norwegian Air Shuttle ASA
PRODUCTS: Aircraft

5A. COUNTRY: KOREA - AP088936XX
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft

5B. COUNTRY: KOREA - AP088936XA
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft

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 will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:00 AM on Thursday, March 12, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.

Accordingly, such meeting may be closed to the public.  

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, March 6, 2015

ITEM NO. 1 Minutes of February 19, 2015 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 February 26, 2015 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
Working Capital Guarantee No. AP088953XX
Request for FINAL COMMITMENT
Applicant KEY BANK NATIONAL ASSOCIATION, Cleveland OH
Gtd Lndr KEY BANK NATIONAL ASSOCIATION, Cleveland OH
Obligor ACCELERANT TECHNOLOGIES, LLC, Genoa OH
Guarantor LARRY D. SANDERS, Genoa OH
Guarantor GARY L. WYLIE, Bellevue OH
Guarantor MICHAEL J. DOUCET, Temperance MI
Guarantor SANDERS TECHNICAL SERVICES LLC, Genoa OH
Guarantor WYLIE TECHNICAL SERVICES LLC, Bellevue OH
Guarantor CROWN TECHNICAL SERVICES LLC, Temperance MI
Project Description CONSULT SERVICES FOR NUCLEAR POWER STATION
Ex-Im Bank Liability (Millions) $1 - $5

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


ITEM NO 4
Country NORWAY AP088925XX
Request for FINAL COMMITMENT
Applicant NORWEGIAN AIR SHUTTLE ASA, Fornebu 02
Obligor SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 Fornebu
Buyer SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 Fornebu
End-user NORWEGIAN AIR SHUTTLE ASA, Fornebu 02
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier ROLLS ROYCE PLC, UNITED KINGDOM
Gtd Lndr SAS RUE LA BOETIE /DBA/ CREDIT AGRICOLE, FRANCE
Gtd Lndr GOLDMAN SACHS GROUP INC., New York NY
Lessor SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 Fornebu
Lessee DY9 AVIATION IRELAND LIMTED, Quay -D
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: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the transaction.


ITEM NO 5A
Country KOREA, SOUTH AP088936XX
Request for FINAL COMMITMENT
Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA, SEOUL 150-996, KOREA, REP OF
Project Name KOREAN AIR LINES CO
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction. Director Mulvaney voted against.


ITEM NO 5B
Country KOREA, SOUTH AP088936XA
Request for FINAL COMMITMENT
Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd Lndr HSBC BANK USA, N.A., New York, NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA, SEOUL 150-996, KOREA, REP OF
Project Name KOREAN AIR LINES CO
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: TRANSACTION REFERRED TO CONGRESS. Chairman Hochberg, Vice Chair Felton and Director Loui voted in favor of the transaction. Director Mulvaney voted against.