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Notice

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)

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Start Preamble

AGENCY:

Export-Import Bank of the United States.

ACTION:

Notice.

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.

End Preamble Start Supplemental Information

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 Start Printed Page 45213would jeopardize jobs in the United States by supplying information that competitors could use to compete with companies in the United States.

Start Signature

Joyce B. Stone,

Assistant Corporate Secretary.

End Signature End Supplemental Information

[FR Doc. 2020-16097 Filed 7-24-20; 8:45 am]

BILLING CODE 6690-01-P