Shearman & Sterling represented Private Export Funding Corporation in the transaction.
Private Export Funding Corporation executed its offering of $260 million aggregate principal amount of Secured Overnight Financing Rate Floating Rate Medium-Term Notes due 2023.
BofA Securities and Siebert Williams Shank & Co. led the transaction.
Private Export Funding Corporation (PEFCO), established with the help of the US Department of the Treasury and the Export-Import Bank of the United States, supports the export of US-made goods by purchasing loans in the secondary market from commercial lenders that finance US exports.
Shearman & Sterling represented Private Export Funding Corporation with a team which included partner Stuart Fleischmann (Picture) and associates Christian Vazquez and Polina Pristupa (all New York-Capital Markets), partner Larry Crouch (Menlo Park-Tax) and associate Daniel Kachmar (New York-Tax), counsel Tom Majewski and Of Counsel Paul Schreiber (both New York-Funds), supported by associate Elliot Domio.
Involved fees earner: Laurence Crouch – Shearman & Sterling; Stuart Fleischmann – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Thomas Majewski – Shearman & Sterling; Polina Pristupa – Shearman & Sterling; Paul Schreiber – Shearman & Sterling; Christian Vazquez – Shearman & Sterling;
Law Firms: Shearman & Sterling;
Clients: Private Export Funding Corporation;