PEFCO’s $450 Million Secured Notes Offering

Cleary Gottlieb represented the underwriters, led by J.P. Morgan Securities LLC, Citizens JMP Securities LLC, and HSBC Securities (USA) Inc., in a $450 million offering by Private Export Funding Corporation (PEFCO) of 5.15% secured notes due 2033.

The offering priced on September 21, 2026, and closed on September 25, 2026.

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

The Cleary corporate team includes partners Lesley Janzen and Jorge Juantorena, associate Pedro Arango Montes, and law clerk Micaela Mingramm. Partner Matthew Brigham and associate Mingyu Tang advised on tax matters.