Notice of 25 day comment period regarding an application for final commitment for a long-term loan or financial guarantee in excess of $100 million.
Reason for Notice: This Notice is to inform the public, in accordance with Section 3(c)(10) of the Charter of the Export-Import Bank of the United States (“Ex-Im Bank”), that Ex-Im Bank has received an application for final commitment for a long-term loan or financial guarantee in excess of $100 million (as calculated in accordance with Section 3(c)(10) of the Charter). Comments received within the comment period specified below will be presented to the Ex-Im Bank Board of Directors prior to final action on this Transaction.
Purpose and Use: Brief description of the purpose of the transaction:
To support the export of a U.S.-manufactured satellite and associated services to China (Hong Kong).
Brief non-proprietary description of the anticipated use of the items being exported:
The U.S. exports will be used to provide video and data communication services.
To the extent that Ex-Im Bank is reasonably aware, the item(s) being exported are not expected to be used to produce exports or provide services in competition with the exportation of goods or provision of services by a United States industry.
Parties: Principal Suppliers: Space Systems/Loral Inc.
Obligor: Kingsbridge Ltd.
Guarantor(s): Asia Broadcast Satellite Holdings, Ltd., Asia Broadcast Satellite 2, Ltd., Asia Broadcast Satellite (HK), Ltd., Asia Broadcast Satellite Ltd.
Description of Items Being Exported: The items being exported are a satellite, ground equipment, and associated services.
Information on Decision: Information on the final decision for this transaction will be available in the “Summary Minutes of Meetings of Board of Directors” on http://www.exim.gov/articles.cfm/board%20minute
Confidential Information: Please note that this notice does not include confidential or proprietary business information; information which, if disclosed, would violate the Trade Secrets Act; or information which would jeopardize jobs in the United States by supplying information that competitors could use to compete with companies in the United States.
Comments must be received on or before November 5, 2012 to be assured of consideration before final consideration of the transaction by the Board of Directors of Ex-Im Bank.
Comments may be submitted through www.regulations.gov.
Deputy General Counsel.
[FR Doc. 2012-25000 Filed 10-10-12; 8:45 am]
BILLING CODE 6690-01-P