Private Export Funding Corporation’s $260 Million Floating Rate Medium-Term Notes Offering


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;

Author: Ambrogio Visconti