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Transcript of the OPEN Portion of the Meeting

Summary of the Meeting of the Board of Directors

Tuesday, September 29, 2020
 
Completed

Board Resolution Special Delegated Authority September 29, 2020

VIA TELECONFERENCE

  1. OPEN :
    1. Extension of the Special Delegated Authority and EXIM Actions to Address Urgent Under-Supply of Medical Supplies
      John Connor – Assistant General Counsel for Litigation, Fraud and Compliance
      James G. Burrows Jr – Senior Vice President
      Stephen M. Renna – Chief Banking Officer
  2. CLOSED:
    1. Minutes of August 27, 2020 Board Meeting for approval
    2. Minutes of September 8, 2020 (AM) Board Meeting for approval
    3. Minutes of September 8, 2020 (PM) Board Meeting for approval
    4. Minutes of September 9, 2020 Board Meeting for approval

      STRUCTURED & PROJECT FINANCE DIVISION
    5. Country: Mexico - AP089365XX
      Foreign Buyer: Pemex Exploracion Y Produccion Borrower: Petroleos Mexicanos, Mexico City Mexico End-User: Petroleos Mexicanos, Mexico City Mexico Product Description: Oil & Gas Field
      NAC Review: 08-26-20
      Public Notification Expiry Date: 09-25-20
      Congressional Review Expiry Date: 09-21-20
      Decision Required: Approval
      Paula Swain – Loan Officer
      Lisa Geberth – Vice President
      Isaac Lyumkis – Counsel
      Stephen Renna – Chief Banking Officer

    6. Country: Mexico - AP089366XX
      Applicant: Pemex Exploracion Y Produccion Borrower: Petroleos Mexicanos, Mexico City Mexico End-User: Petroleos Mexicanos, Mexico City Mexico Product Description: Oil & Gas Field
      NAC Review: 08-26-20
      Public Notification Expiry Date: 09-25-20
      Congressional Review Expiry Date: 09-21-20
      Decision Required: Approval
      Paula Swain – Loan Officer
      Lisa Geberth – Vice President
      Isaac Lyumkis – Counsel
      Stephen Renna – Chief Banking Officer

      BUSINESS CREDIT DIVISION
    7. Working Capital / Supply Chain Finance Guarantee – AP089370XX
      Obligors: Freeport LNG Marketing, LLC
      Products: LNG Development and Distribution
      Review Required: NAC
      Decision Required: Approval
      Smaro Karakatsanis – Loan Officer
      Steven Freshour – Vice President
      Nicole Wharton – Counsel
      Stephen M. Renna – Chief Banking Officer

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 Tuesday, September 29, 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, except Items No. 1 may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, September 18, 2020

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
SEPTEMBER 29, 2020

ITEM NO. 1
Extension of the Special Delegated Authority and EXIM Actions to Address Urgent Under-Supply of Medical Supplies
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

ITEM NO. 2
Approval of the Minutes of the August 27, 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.

ITEM NO. 3
Approval of the Minutes of the September 8 (AM), 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.

ITEM NO. 4
Approval of the Minutes of the September 8 (PM), 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.

ITEM NO. 5
Approval of the Minutes of the September 9, 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.

STRUCTURED & PROJECT FINANCE DIVISION
ITEM NO. 6A
Country: Mexico - AP089365XX
Applicant: Pemex Exploracion Y Produccion
Borrower: Petroleos Mexicanos, Mexico City Mexico
End-User: Petroleos Mexicanos, Mexico City Mexico
Product Description: Oil & Gas Field Development
NAC Review: 08-26-20
Public Notification Expiry Date: 09-25-20
Congressional Review Expiry Date: 09-21-20
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

ITEM NO. 6B
Country: Mexico - AP089366XX
Applicant: Pemex Exploracion Y Produccion
Borrower: Petroleos Mexicanos, Mexico City Mexico
End-User: Petroleos Mexicanos, Mexico City Mexico
Product Description: Oil & Gas Field Development
NAC Review: 08-26-20
Public Notification Expiry Date: 09-25-20
Congressional Review Expiry Date: 09-21-20
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.

BUSINESS CREDIT DIVISION
ITEM NO. 7
Working Capital / Supply Chain Finance Guarantee – AP089370XX
Obligors: Freeport LNG Marketing, LLC
Products: LNG Development and Distribution
NAC Review: 09-25-20
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.