Summary of the Closed Meeting of the Board of Directors

June 26, 2025

Completed

  1. Structured and Project Finance Division
    Country: Bahamas – AP099300XX
    Foreign Buyer/Borrower/Lessor: FOCOL Holdings Limited
    Lessee/End-User: Bahamas Turbines Limited
    Exporter/Supplier: GE Vernova, Pike Electric LLC
    Guaranteed Lender: Banco Santander
    Product: Gas turbine generators, pipelines
    Required NAC Review: Yes
    Congressional Notification Required: No
    Required Public Notice and Comment: No
    Required Decision: Final Approval
    Deal Team: Rios/Yerger/Staton
Certification for Closure of Meeting

     I, Michael Soybel, "Acting" 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, June 26, 2025 via teleconference and in person 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.

___________________________________
Michael Soybel
"Acting"Assistant General Counsel for Administration

Date Posted
  1. Structured and Project Finance Division
    Country: Bahamas – AP099300XX
    Foreign Buyer/Borrower/Lessor: FOCOL Holdings Limited
    Lessee/End-User: Bahamas Turbines Limited
    Exporter/Supplier: GE Vernova, Pike Electric LLC
    Guaranteed Lender: Banco Santander
    Product: Gas turbine generators, pipelines
    Required NAC Review: Yes
    Congressional Notification Required: No
    Required Public Notice and Comment: No
    Required Decision: Final Approval
    Deal Team: Rios/Yerger/Staton
    Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.