Summary of the Closed Meeting of the Board of Directors

March 27, 2025

Completed

  1. Minutes of December 19, 2024 Closed Meeting for approval
  2. Minutes of December 26, 2024 Closed Meeting for approval
  3. Minutes of January 8, 2025 Closed Meeting for approval
  4. Minutes of January 8, 2025 Open Meeting for approval
  5. DOMESTIC FINANCE - MMIA 
    Transaction No.: AP089521XX 
    Country: United States 
    Borrower: IperionX Technologies LLC 
    Guarantor/PSOR: IperionX Limited 
    Exporter/End-User: IperionX Technologies LLC 
    Suppliers: Various suppliers 
    Product: Purchase and installation of processing equipment for critical minerals 
    Required NAC Review: No 
    Required Congressional Notification: No 
    Required Public Notification and Comment: No 
    Required Decision: Final Approval 
    Brooks/Schaked/Staton
  6.  
    1. Transportation Division (Aircraft) 
      Transaction No.: AP099540XX 
      Country: Azerbaijan 
      Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan 
      Lessee/End-User: Silk Way West Airlines, Baku, Azerbaijan 
      Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan 
      Exporter/Supplier: The Boeing Company 
      Guaranteed Lender: Banco Santander 
      Product: Commercial Aircraft 
      Required NAC Review Completed: January 8, 2025 
      Congressional Notification Expiry Date: February 11, 2025 
      Public Notification Expiry Date: February 7, 2025 
      Required Decision: Final Approval 
      Conlin/Golden/Fiore
    2. Transportation Division (Aircraft) 
      Transaction No.: AP099540XA 
      Country: Azerbaijan 
      Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan 
      Lessee/End-User: Silk Way West Airlines, Baku Azerbaijan 
      Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan 
      Exporter/Supplier: The Boeing Company 
      Guaranteed Lender: PEFCO 
      Product: Commercial Aircraft 
      Required NAC Review Completed: January 8, 2025 
      Congressional Notification Expiry Date: February 11, 2025 
      Public Notification Expiry Date: February 7, 2025 
      Required Decision: Final Approval 
      Conlin/Golden/Fiore 
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, March 27, 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

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF CLOSED BOARD OF DIRECTORS
MEETING MINUTES
March 27, 2025

  1. Minutes of December 19, 2024 Closed Board Meeting approved.
  2. Minutes of December 26, 2024 Closed Board Meeting approved.
  3. Minutes of January 8, 2025 Closed Board Meeting approved.
  4. Minutes of January 8, 2025 Open Board Meeting approved.
  5. DOMESTIC FINANCE - MMIA
    Transaction No.:AP089521XX Country: United States
    Borrower: IperionX Technologies LLC
    Guarantor/PSOR: IperionX Limited
    Exporter/End-User: IperionX Technologies LLC
    Suppliers: Various Suppliers
    Product: Purchase and installation of processing equipment for critical minerals
    Total Financed Amount: $11,070,296
    Required NAC Review: No
    Required Congressional Notification: No
    Required Public Notification and Comment: No
    Required Decision: Final Approval
    Brooks/Schaked/Staton
    Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.
  6.  
    1. Transportation Division (Aircraft)
      Transaction No.: AP099540XX
      Country: Azerbaijan
      Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan
      Lessee/End-User: Silk Way West Airlines, Baku, Azerbaijan
      Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan
      Exporter/Supplier: The Boeing Company
      Guaranteed Lender: Banco Santander
      Product: Commercial Aircraft
      Total Financed Amount: $162,643,251
      Required NAC Review Completed: January 8, 2025
      Congressional Notification Expiry Date: February 11, 2025
      Public Notification Expiry Date: February 7, 2025
      Required Decision: Final Approval
      Conlin/Golden/Fiore
      Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and
      Director Bachus voted in favor of this Transaction.
    2. Transportation Division (Aircraft)
      Transaction No.: AP099540XA
      Country: Azerbaijan
      Borrower/Buyer/Lessor: SPC/Silk Way Development LLC, Baku, Azerbaijan
      Lessee/End-User: Silk Way West Airlines, Baku Azerbaijan
      Guarantor/PSOR: Silk Way Development LLC, Baku, Azerbaijan
      Exporter/Supplier: The Boeing Company
      Guaranteed Lender: PEFCO
      Product: Commercial Aircraft
      Total Financed Amount: $176,584,101
      Required NAC Review Completed: January 8,2025
      Congressional Notification Expiry Date: February 11,2025
      Public Notification Expiry Date: February 7, 2025
      Required Decision: Final Approval
      Conlin/Golden/Fiore
      Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director
      Bachus voted in favor of this Transaction.