The regular meeting of the Board of Directors is scheduled for Monday, November 18, 2019 at 2:00PM, Pillsbury Meeting Room, 2 Pillsbury Street, Concord, New Hampshire.
Agenda
- Introduction of Board Members.
- Approval of Minutes for the Board Meeting of October 21, 2019.
- To consider approving the assignment of all tax-exempt financing issued under RSA 162-I for Lonza America, Inc. to Capsugel Holdings US Inc., and to take all necessary action in relation thereto.
- Month End Financial Reports – William C. Rushforth
- Lending Reports
- CAP Loan Report – October 2019
- Available Capacity by Program
- CAP Loss Report
- Executive Director’s Report.
- Nonpublic Session.
- Other Business.
Minutes
Business Finance Authority
November 18, 2019
Concord, New Hampshire
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:02 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire. The following Directors were present: Dick Anagnost, Catherine Provencher, Daniel Henderson, Senator Jeanne Dietsch. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; William Rushforth, Chief Financial Officer; Chris Kreidermacher, Chief Financial Officer; Meagen Kerris, Administrative Assistant; John Stoecker, NFA; Ben Barker, NFA and Kris Moussette, Hinckley, Allen & Snyder. The following Directors were present by telephone: Bill Dwyer, Jeffrey Hayes, Nancy Merrill, Stephen Duprey, and Matthew Benson. Absent were, Director Charles Withee, Senator Bob Giuda, Representative Laurie Sanborn, and Representative Kermit Williams.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the minutes October 21, 2019 Board Meeting.
Upon motion made by Director Henderson and seconded by Director Provencher, the following action was unanimously approved:
VOTED: To accept the minutes of the October 21, 2019 Board Meeting.
The following named directors voted:
Aye: Dick Anagnost, Bill Dwyer, Daniel Henderson, Catherine Provencher, Jeffrey Hayes, Nancy Merrill, Stephen Duprey, and Matthew Benson. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
Senator Dietsch entered the meeting.
The Chairman asked the Board to consider approving the assignment of all tax-exempt financing issued under RSA 162-I for Lonza America, Inc. to Capsugel Holdings US Inc., and to take all necessary action in relation thereto.
Upon motion made by Director Provencher and seconded by Director Henderson, the following action was approved:
VOTE: To approve the assignment of all tax-exempt financing issued under RSA 162-I for Lonza America, Inc. to Capsugel Holdings US Inc., and to take all necessary action in relation thereto.
The following named directors voted:
Aye: Dick Anagnost, Bill Dwyer, Daniel Henderson, Catherine Provencher, Jeffrey Hayes, Nancy Merrill, Stephen Duprey, and Matthew Benson. Nay: None. Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Key-Wallace to review the month end financial report.
William Rushforth entered the meeting.
The Chairman asked Mr. Stanizzi to review the loan reports.
The Chairman asked Mr. Key-Wallace to present the Director’s Report.
There being no further business and upon motion made and seconded, the meeting was adjourned at 2:36 p.m.
Respectfully submitted:
James Key-Wallace
Clerk