[Federal Register Volume 89, Number 178 (Friday, September 13, 2024)]
[Notices]
[Page 74943]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20858]



[[Page 74943]]

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EXPORT-IMPORT BANK


Receipt of Request(s) To Increase the Amount of the Long-Term 
General Guarantee on the 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'') is expected to consider one or more 
requests 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 any final action during the fiscal year ending on September 30, 
2025.

DATES: Comments must be received on or before October 8, 2024 to be 
assured of consideration before any final decision on one or more 
additional guarantees during the course of fiscal year 2025.

ADDRESSES: Comments may be submitted through Regulations.gov at 
www.regulations.gov. To submit a comment, enter Export-Import under the 
heading ``Enter'' and select Search. Follow the instructions provided 
at the Submit a Comment screen. Please include your name, company name 
(if any), and on any attached document.

SUPPLEMENTARY INFORMATION: 
    Reference: AP003048AA.
    Brief Description of Nature and Purpose of the Facility: EXIM may 
consider one or more general guarantees 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 
guarantees 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 for Secured Notes issued during the course of 
fiscal year 2025.
    Reasons for the Facility and Methods of Operation: The general 
guarantee serves 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 https://www.exim.gov/news/meeting-minutes.

Deidre Hodge,
Assistant Corporate Secretary.
[FR Doc. 2024-20858 Filed 9-12-24; 8:45 am]
BILLING CODE 6690-01-P