Meeting Minutes

EXPORT-IMPORT BANK OF THE UNITED STATES 
SUMMARY OF CLOSED BOARD OF DIRECTORS
MEETING MINUTES
August 21, 2025
 

1. GLOBAL INFRASTRUCTURE DIVISION
   Transaction No.: AP099669XX
   Country: Cote d’Ivoire
   Borrower: Ministry of Finance and Budget of the Republic of Cote d’Ivoire
   Buyer/End User: Ministry of Digital Transition and Digitalization
   Guarantor: None
   Exporter: Cybastion Institute of Technology, LLC
   Suppliers: Cybastion Institute of Technology, LLC and Various
   Guaranteed Lender: Citibank N.A.
   Product: National Data Center
   Total Financed Amount: $66,138,119
   Congressional Notification Required: No
   NAC Review Required: Yes
   Required Public Notice and Comment: No
   Required Decision: Final Approval
   Deal Team: Folk/Egbuniwe
   Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.
2. TRANSPORTATION DIVISION
   Country: Turkey – AP300024XX
   Buyer/PSOR: Gunes Ekspres Havacilik AS (“SunExpress Airline”)
   Borrower: SPC/Gunes Ekspres Havacilik AS (“SunExpress Airline”)
   Guarantors: not applicable 
   Exporter/Supplier: The Boeing Company
   Guaranteed Lender: to be determined
   Product: six (6) Boeing B737 MAX 8 commercial jet aircraft 
   Total Financed Amount: $306,775,710
   Required NAC Review: Yes
   Congressional Notification Required: Yes
   Required Public Notice and Comment: Yes
   Required Decision: Whether to notify Congress
   Deal Team: Ciampa/Golden
   Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.
3. TRANSPORTATION DIVISION
   Country: Kazakhstan – AP300021XX
   Buyer/PSOR: National Company Kazakhstan Temir Zholy 
   Borrower: KTZ Freight LLC
   Guarantors: National Company Kazakhstan Temir Zholy, KTZ Passenger LLC, and 
   Kaztemirtrans
   End-User: KTZ Freight LLC
   Exporter/Supplier: Wabtec Corporation
   Guaranteed Lenders: Deutsche Bank, Banco Santander 
   Product: Locomotive Kits
   Total Financed Amount: $447,860,770 
   Required NAC Review: Yes 
   Congressional Notification Required: Yes 
   Required Public Notice and Comment: Yes
   Required Decision: Final Approval
   Deal Team: Conlin/Golden
   Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.
4. STRUCTURED & PROJECT FINANCE DIVISION
   Country: Pakistan- AP099993XX
   Borrower: Reko Diq Mining Company (Private0 Limited, Quetta, Pakistan
   End-User: Reko Diq Mining Company (Private0 Limited, Quetta, Pakistan
   Exporter/Supplier: Fluor Corporation; Caterpillar, Inc.; Komatsu America Corp.; 
   Wabtec Corporation; and First Solar, Inc., among others
   Guaranteed Lender: N/A this is a direct loan, not sure where to put that info
   Product: Goods and services used in developing a copper-gold mining operation
   Total Financed Amount: $1,249,999,999
   Required NAC Review: Yes
   Congressional Notification Required: Yes
   Required Public Notice and Comment: Yes
   Required Decision: Whether to Notify Congress
   Deal Team: Cash/Boron
   Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and Director Bachus voted in favor of this Transaction.