, a Delaware corporation, is principally engaged in making U.
According to PEFCO
Chairman, President and Chief Executive Officer, Delcour S.
offers a broad range of financing programs as a direct lender and as a secondary market buyer of export loans originated by lenders.
announced today that it acted as sole manager of a $100 million collateralized note offering by PEFCO
Finance Corporation, which is wholly-owned by Private Export Funding Corporation.
He had also served as a director of the Bell Telephone Company of Pennsylvania and PEFCO
(Private Export Finance Corp.
Net proceeds from the sale of the Notes will be used by PEFCO
to fund outstanding loan commitments.
As with previously issued PEFCO
Secured Notes, Series YY Secured Notes will be secured as to payment of all principal outstanding by deposits, with a trustee, of obligations backed by the full faith and credit of the United States.
Loans made by PEFCO
are unconditionally guaranteed by Eximbank as to due and punctual payment of principal.