[Federal Register Volume 85, Number 144 (Monday, July 27, 2020)]
[Notices]
[Pages 45212-45213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16097]


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EXPORT-IMPORT BANK

[Public Notice: EIB-2020-0004]


Receipt of Request To Increase the Amount of Long-Term General 
Guarantee on Interest of Secured Notes Issued by the Private Export 
Funding Corporation (PEFCO)

AGENCY: Export-Import Bank of the United States.

ACTION: Notice.

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SUMMARY: This Notice is to inform the public that Export-Import Bank of 
the United States (``EXIM'') has received a request to increase the 
amount of the long-term general guarantee on the interest of Secured 
Notes issued by the Private Export Funding Corporation (PEFCO). 
Comments received within the comment period specified below will be 
presented to the EXIM Board of Directors prior to final action on this 
Transaction.

DATES: Comments must be received on or before August 21, 2020 to be 
assured of consideration before final decision on the additional 
guarantee amount.

ADDRESSES: Comments may be submitted through Regulations.gov at 
WWW.REGULATIONS.GOV. To submit a comment, enter EIB-2020-004 under the 
heading ``Enter Keyword or ID'' and select Search. Follow the 
instructions provided at the Submit a Comment screen. Please include 
your name, company name (if any), and EIB-2020-004 on any attached 
document.

SUPPLEMENTARY INFORMATION:

Reference: AP003048AA

    Brief Description of Nature and Purpose of the Facility: This is a 
general guarantee on the interest of Secured Notes issued by the 
Private Export Funding Corporation (PEFCO), in accordance with both the 
Guarantee and Credit Agreement, as Amended, and the Guarantee Agreement 
between EXIM and PEFCO. The purpose of the guarantee of interest on the 
Secured Notes is to facilitate private funding from the U.S. capital 
markets for EXIM-guaranteed export finance transactions.
    Total Amount of Guarantees: The exact number is not determinable 
due to market-determined pricing and uncertainty as to the amount and 
timing of Secured Notes to be issued; however, it could potentially be 
in excess of $100 million.
    Reasons for the Facility and Methods of Operation: The general 
guarantee is set up to guarantee interest on PEFCO's issuance of 
Secured Notes. The principal amount of the Secured Notes is secured by 
a collateral pool of U.S. government-risk debt and securities, 
including EXIM-guaranteed loans. The proceeds from the Secured Notes 
are used to fund additional EXIM-guaranteed loans and provide a liquid 
secondary market for EXIM-guaranteed loans.
    Party Requesting Guarantee: Private Export Funding Corporation 
(PEFCO)
    Information on Decision: Information on the final decision for this 
transaction will be available in the ``Summary Minutes of Meetings of 
Board of Directors'' on http://exim.gov/newsandevents/boardmeetings/board/.
    Confidential Information: Please note that this notice does not 
include confidential or proprietary business information; information 
which, if disclosed, would violate the Trade Secrets Act; or 
information which

[[Page 45213]]

would jeopardize jobs in the United States by supplying information 
that competitors could use to compete with companies in the United 
States.

Joyce B. Stone,
Assistant Corporate Secretary.
[FR Doc. 2020-16097 Filed 7-24-20; 8:45 am]
BILLING CODE 6690-01-P