Summary of the Meeting of the Board of Directors
November 3, 2011
December 31, 1969
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
NOVEMBER 3, 2011
ITEM NO 1 Minutes of September 30, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.
ITEM NO 2 Minutes of October 13, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.
ITEM NO 3
Country TURKEY AP086075XX
Request for FINAL COMMITMENT
Applicant TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Borrower SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Buyer SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
End-user TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CITIBANK N.A., NEW YORK NY
Lessor SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Lessee TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.
ITEM NO 4A
Country IRELAND AP086519XX
Request for FINAL COMMITMENT
Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR, LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all voted in favor of the referral.
ITEM NO 4B
Country IRELAND PC086632XX
Request for PRELIMINARY COMMITMENT
Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR, LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN IRELAND
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.
ITEM NO 5
Country UNITED ARAB EMIRATES AP086572XX
Request for FINAL COMMITMENT
Applicant EMIRATES, DUBAI U ARAB EMIRATES
Borrower SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Buyer SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
End-user EMIRATES, DUBAI U ARAB EMIRATES
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Lessee EMIRATES, DUBAI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Vice Chair Felton voted in favor of the referral, Director Mulvaney voted against.
ITEM NO 6
Country FRANCE AP085499XX
Request for FINAL COMMITMENT
Applicant EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Borrower EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Guarantor NONE
Buyer EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
End-user EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Exporter SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Supplier SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Gteed Lndr NONE
Project Name EUTELSAT-ICTQATAR EB2A SATELLITE
Project Description EB2A SATELLITE
Product Description SATELLITE
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and
Director Mulvaney all voted in favor of the transaction.
ITEM NO 7
Country INDIA AP085397XX
Request for AMENDMENT
Applicant ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Borrower TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Guarantor TATA COMMUNICATIONS LIMITED, FORT, MUMBAI 400 001 INDIA
Buyer TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
End-user TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Exporter TYCO ELECTRONICS SUBSEA COMMUNICATIONS, MORRISTOWN NJ
Exporter SPELLMAN HIGH VOLTAGE ELECTRIC CORP, HAUPPAUGE NY
Exporter TTI TEAM TELECOM INTERNATIONAL INC, HOBOKEN NJ
Supplier TYCO INTEGRATED CABLE SYSTEM, NEWINGTON NH
Supplier TYCO TELECOMMUNICATIONS, LOWELL MA
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Project Name TGN GULF CABLE
Project Description TELECOMMUNICATION SERVICE
Product Description CABLE INSTALL, ROUTE SURVEYS, PRGM MGMT
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and
Director Mulvaney all voted in favor of the amendment.
Completed
Certification for Closure of Meeting
I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, November 3, 2011, in the Board Room 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.
Date Posted
Summary of Minutes
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
NOVEMBER 3, 2011
ITEM NO 1 Minutes of September 30, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.
ITEM NO 2 Minutes of October 13, 2011, Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all approved the minutes.
ITEM NO 3
Country TURKEY AP086075XX
Request for FINAL COMMITMENT
Applicant TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Borrower SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Buyer SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
End-user TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Exporter BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender CITIBANK N.A., NEW YORK NY
Lessor SPV/TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Lessee TURK HAVA YOLLARI A O, ISTANBUL TURKEY
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.
ITEM NO 4A
Country IRELAND AP086519XX
Request for FINAL COMMITMENT
Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR, LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton,
and Director Mulvaney all voted in favor of the referral.
ITEM NO 4B
Country IRELAND PC086632XX
Request for PRELIMINARY COMMITMENT
Applicant RYANAIR HOLDINGS PLC, CLOGHRAN IRELAND
Borrower SPV/RYANAIR LTD., CLOGHRAN IRELAND
Buyer SPV/RYANAIR LTD., CLOGHRAN IRELAND
End-user RYANAIR, LTD., CLOGHRAN IRELAND
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN IRELAND
Lessor SPV/RYANAIR LTD., CLOGHRAN IRELAND
Lessee RYANAIR, LTD., CLOGHRAN IRELAND
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.
ITEM NO 5
Country UNITED ARAB EMIRATES AP086572XX
Request for FINAL COMMITMENT
Applicant EMIRATES, DUBAI U ARAB EMIRATES
Borrower SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Buyer SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
End-user EMIRATES, DUBAI U ARAB EMIRATES
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JP MORGAN CHASE BANK, NEW YORK NY
Lessor SPV/EMIRATES AIRLINE, DUBAI U ARAB EMIRATES
Lessee EMIRATES, DUBAI U ARAB EMIRATES
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Vice Chair Felton voted in favor of the referral, Director Mulvaney voted against.
ITEM NO 6
Country FRANCE AP085499XX
Request for FINAL COMMITMENT
Applicant EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Borrower EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Guarantor NONE
Buyer EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
End-user EUTELSAT COMMUNICATIONS SA, 75015 PARIS FRANCE
Exporter SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Supplier SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Gteed Lndr NONE
Project Name EUTELSAT-ICTQATAR EB2A SATELLITE
Project Description EB2A SATELLITE
Product Description SATELLITE
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and
Director Mulvaney all voted in favor of the transaction.
ITEM NO 7
Country INDIA AP085397XX
Request for AMENDMENT
Applicant ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Borrower TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Guarantor TATA COMMUNICATIONS LIMITED, FORT, MUMBAI 400 001 INDIA
Buyer TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
End-user TATA COMMUNICATION (BERMUDA) LIMITED, HAMILTON PEMBROKE BERMUDA
Exporter TYCO ELECTRONICS SUBSEA COMMUNICATIONS, MORRISTOWN NJ
Exporter SPELLMAN HIGH VOLTAGE ELECTRIC CORP, HAUPPAUGE NY
Exporter TTI TEAM TELECOM INTERNATIONAL INC, HOBOKEN NJ
Supplier TYCO INTEGRATED CABLE SYSTEM, NEWINGTON NH
Supplier TYCO TELECOMMUNICATIONS, LOWELL MA
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr ROYAL BANK OF SCOTLAND PLC, LONDON EC2M 3TP UNITED KINGDOM
Project Name TGN GULF CABLE
Project Description TELECOMMUNICATION SERVICE
Product Description CABLE INSTALL, ROUTE SURVEYS, PRGM MGMT
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and
Director Mulvaney all voted in favor of the amendment.