PEFCO’s $200 Million Collateralized Notes Offering

Cleary Gottlieb represented U.S. Bancorp Investments Inc., Citizens JMP Securities LLC, and KeyBanc Capital Markets Inc., as dealers, in the update of Private Export Funding Corporation’s (PEFCO) collateralized notes program and the issuance of a series under such program comprised of $200 million aggregate principal amount of floating-rate notes due 2027.

The offering priced on October 22, 2025, and is expected to close on October 29, 2025.

PEFCO is principally engaged in making U.S. dollar loans to foreign importers to finance purchases of goods and services of United States manufacture or origin.