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Summary of the Meeting of the Board of Directors

Thursday, July 23, 2020
 
Completed

  1. OPEN: NONE
  2. CLOSED:
    1. Minutes of June 11, 2020 Board Meeting for approval
    2. BUSINESS CREDIT DIVISION
      Working Capital / Supply Chain Finance Guarantee – AP089375XX
      Obligors: CFM International, Inc.
      Products: Aircraft Engines
      Review Required: NAC review 06-10-2020; Congressional Expiry Date 07-15-2020;
      and Public Notification Expiry Date 07-10-2020
      Decision Required: Approval
      Mario A, Ramirez – Loan Officer and Director
      Nicole Wharton – Counsel
      Stephen M. Renna – Chief Banking Officer
    3. TRANSPORTATION DIVISION
      Country: Turkey – AP089331XX
      Buyer: SPC/Turk Hava Yollari A.O., Istanbul Turkey
      End-User: Turk Hava Yollari A.O., Istanbul Turkey
      Products: Aircraft
      Review Required: NAC review 06-10-2020; Congressional Expiry Date 07-15-2020;
      and Public Notification Expiry Date 07-06-2020
      Decision Required: Approval
      Kirsten Allen – Loan Officer
      David Fiore – Vice President
      Caroline Jouy – Counsel
      Stephen M. Renna – Chief Banking Officer
    4. ENTERPRISE RISK COMMITTEE
      Country Review - Country Limitations Schedule Cover Policy & Note Changes
      Review Required: None
      Decision Required: Approval
      Duane Lambeth – Senior Credit Policy Officer
      Kenneth Tinsley – Senior Vice President and Chief Risk Officer
      Tracey Braun – Assistant General Counsel, Policy

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 10:00 AM on Thursday, July 23, 2020 via teleconference 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, July 9, 2020

ITEM NO. 1
Approval of the Minutes of the June 11, 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.
ITEM NO. 2
Working Capital / Supply Chain Finance Guarantee – AP089375XX
Obligors: CFM International, Inc.
Products: Aircraft Engines
Review Required: NAC review 06-10-2020; Congressional Expiry Date 07-15-2020; and Public Notification Expiry Date 07-10-2020
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.
ITEM NO. 3
Country: Turkey – AP089331XX
Buyer: SPC/Turk Hava Yollari A.O., Istanbul Turkey
End-User: Turk Hava Yollari A.O., Istanbul Turkey
Products: Aircraft
Review Required: NAC review 06-10-2020; Congressional Expiry Date 07-15-2020; and Public Notification Expiry Date 07-06-2020
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.
ITEM NO. 4
Country Review (CLS Cover Policy and Note Changes)
Effective date: June 18, 2020.
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the in favor of the recommendation.