PEFCO’s $300 Million Secured Notes Offering

Cleary Gottlieb represented the underwriters, led by HSBC Securities (USA) Inc., KeyBanc Capital Markets Inc., and SMBC Nikko Securities America, Inc., in Private Export Funding Corporation’s (PEFCO) offering of $300 million aggregate principal amount of 3.900% secured notes due 2027.

The offering priced on April 26, 2023, and is expected to close on May 3, 2023.

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.