2023-22641. Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million: AP089498XX

AGENCY:

Export-Import Bank of the United States.

ACTION:

Notice.

SUMMARY:

This Notice is to inform the public the Export-Import Bank of the United States (“EXIM”) has received an application for final commitment for a long-term loan or financial guarantee in excess of $100 million. Comments received within the comment period specified below will be presented to the EXIM Board of Directors prior to final action on this Transaction.

DATES:

Comments must be received on or before November 7, 2023 to be assured of consideration before final consideration of the transaction by the Board of Directors of EXIM.

ADDRESSES:

Comments may be submitted through Regulations.gov at WWW.REGULATIONS.GOV. To submit a comment, enter EIB–2023–0014 under the heading “Enter Keyword or ID” and select Search. Follow the instructions provided at the Submit a Comment screen. Please include your name, company name (if any) and EIB–2023–0014 on any attached document.

SUPPLEMENTARY INFORMATION:

Reference: AP089498XX.

Purpose and Use: Brief description of the purpose of the transaction: to finance a manufacturing facility under the Make More in America initiative.

To the extent that EXIM is reasonably aware, the item(s) being financed are not expected to produce exports or provide services in competition with the exportation of goods or provision of services by a United States industry.

Brief non-proprietary description of the anticipated use of the items being exported: The financing will be used for domestic purposes, but will result in the export of electric-powered air transportation equipment.

Parties:

Principal Supplier: Various U.S. companies.

Obligor: BETA Technologies, Inc.

Guarantor(s): N/A.

Description of Items Being Exported: The financing will enable the production of electric-powered aircraft, a portion of which is expected to be exported.

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 https://www.exim.gov/​news/​meeting-minutes.

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.

Authority: Section 3(c)(10) of the Export-Import Bank Act of 1945, as amended (12 U.S.C. 635a(c)(10)).

Joyce B. Stone,

Assistant Corporate Secretary.