Summary of the Meeting of the Board of Directors

June 11, 2020 December 31, 1969

Completed

VIA TELECONFERENCE

  1. OPEN: NONE
  2. CLOSED:
    1. Minutes of May 14, 2020 Board Meeting for approval
    2. Minutes of May 21, 2020 Board Meeting for approval

      BUSINESS CREDIT DIVISION
    3. Working Capital / Supply Chain Finance Guarantee - AP089375XX
      Obligors: CFM International, Inc.
      Products: Aircraft Engines
      Review Required: NAC, Congressional, and Public Notification
      Decision Required: Notification to Congress
      Mario A, Ramirez - Loan Officer and Director
      Steve Freshour - Vice President
      Nicole Wharton - Counsel
      Stephen M. Renna - Chief Banking Officer

      TRANSPORTATION DIVISION
    4. 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, Congressional, and Public Notification
      Decision Required: Notification to Congress
      Kirsten Allen - Loan Officer
      David Fiore - Vice President
      Caroline Jouy - Counsel
      Stephen M. Renna - Chief Banking Officer

      ENTERPRISE RISK COMMITTEE 
    5. 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 11:00 AM on Thursday, June 11, 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

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
JUNE 11, 2020

ITEM NO. 1
Approval of the Minutes of the May 14, 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes
ITEM NO. 2
Approval of the Minutes of the May 21, 2020 Board Meeting
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the minutes.
ITEM NO. 3
Working Capital / Supply Chain Finance Guarantee - AP089375XX
Obligors: CFM International, Inc.
Products: Aircraft Engines
Review Required: NAC review 06-10-2020; Referral to Congress 06-09-2020; and Public Notification (Federal Register) Notice Published 06-15-2020)
Board Decision: REFERRAL TO CONGRESS. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.
ITEM NO. 4
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 on 06-10-2020; Referral to Congress 06-09-2020); and Public Notification (Federal Register) Notice Published 06-11-2020.
Board Decision: REFERRAL TO CONGRESS. Chairman Reed, Director Bachus and Director Pryor all voted in favor of the recommendation.
ITEM NO. 5
Country Review (CLS Cover Policy and Note Changes)
Board Decision: APPROVED. Chairman Reed, Director Bachus and Director Pryor all voted in favor of approving the recommendation.