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Summary/Agenda of the Meeting of the Board of Directors

Monday, June 29, 2015
 
Completed

I.  OPEN:  NONE

II.  CLOSED:

1.  Minutes of June 18, 2015 Board Meeting minutes to be approved

STRUCTURED FINANCE DIVISION
2.   COUNTRY:  SPAIN – AP088924XX
FOREIGN BUYER:  Abener Energia S.A.
FOREIGN BUYER:  Teyma, Gestion de Contratos de Construccion S.A.
END USER:  Xina Solar One
PRODUCTS:  Heat Transfer Fluid
TOTAL FINANCED AMOUNT:  $17,424,207

3.   COUNTRY:  SPAIN – AP088991XX
FOREIGN BUYER:  Instalciones Inabensa, S.A
FOREIGN BUYER:  Abener Energia S.A.
PRODUCTS:  Gas Turbines
TOTAL FINANCED AMOUNT:  $95,494,390

ASSET MANAGEMENT DIVISION
4.  COUNTRY:  AUSTRALIA – AP086539XX
FOREIGN BUYER:  Jabiru Satellite Ltd

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 9:30 AM on Monday, June 29, 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: Wednesday, June 24, 2015

ITEM NO 1  Minutes of June 18, 2015 Board Meeting to be approved
Board Decision: MINUTES APPROVED.  Chairman Hochberg, Director Mulvaney and Director Loui all voted in favor of the minutes.  Vice Chair Felton was not present for this item.

ITEM NO 2
Country SPAIN                                  AP088924XX
Request for FINAL COMMITMENT

Applicant    ABENER ENERGIA, S.A., SPAIN
Borrower       ABENER ENERGIA, S.A., SPAIN
Borrower    TEYMA, GESTION DE CONTRATOS DE CONSTRUCC, SPAIN
Buyer       ABENER ENERGIA, S.A., SPAIN
Buyer    TEYMA, GESTION DE CONTRATOS DE CONSTRUCC, SPAIN
End-user     XINA SOLAR ONE, PRETORIA, SOUTH AFRICA
Exporter     DOW CHEMICAL COMPANY, THE MIDLAND MI
Supplier    DOW CHEMICAL COMPANY, THE MIDLAND MI
Gtd Lndr     SANTANDER BANK, N.A., NEW YORK, NY

Project Name XINA SOLAR ONE
Project Description CONCENTRATED SOLAR POWER
Product Description HEAT TRANSFER FLUID
Total Financed Amount $17,357,726
Repayment Term TBD

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

ITEM NO 3
Country SPAIN                                  AP088991X
Request for FINAL COMMITMENT

Applicant    ABENER ENERGIA, S.A., SPAIN
Applicant    ABENGOA S.A., SPAIN
Borrower    INSTALCIONES INABENSA S.A. SPAIN
Borrower       ABENER ENERGIA, S.A., SPAIN
Buyer    INSTALCIONES INABENSA S.A. SPAIN
Buyer       ABENER ENERGIA, S.A., SPAIN
End-user     NONE
Exporter     GENERAL ELECTRIC POWER & WATER, SCHENECTADY NY
Supplier    GENERAL ELECTRIC POWER & WATER, SCHENECTADY NY
Supplier    GENERAL ELECTRIC POWER & WATER, GREENVILLE, SC
Supplier    VARIOUS US SMALL BUSINESSES, WASHINGTON, DC
Gtd Lndr     SANTANDER BANK, N.A., NEW YORK, NY

Project Name ACC 4T (TABASCO)
Project Description COMBINED CYCLE POWER PLANT
Product Description GAS TURBINES
Total Financed Amount $95,502,925
Repayment Term TBD

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

ITEM NO 4
Country  AUSTRALIA             AP086539XX
FOREIGN BUYER:  Jabiru Satellite Ltd
Request to approve release of collateral for the purpose of sale of assets by the sponsor NewSat’s insolvency receivers.
Board Decision:  REQUEST APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the request.