Shearman & Sterling represented BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley as representatives of the several underwriters in connection with a registered $500 million offering of 8.125% Notes due 2020 by Ford Motor Credit Company LLC, which constituted a further issuance of the $750 million offering of 8.125% Notes due 2020 issued in December 2009. Ford Credit is the financing arm of Ford Motor Company, and proceeds from the current sale will go towards its general corporate purposes, including the retirement of indebtedness.
The Shearman & Sterling team advising the underwriters included partners Lisa Jacobs (New York-Capital Markets) and Peter Blessing (New York-Tax); associates Thomas A. Day (New York-Tax), Corey Reis (New York-Capital Markets), Ann Matthews (New York-Capital Markets) and Kevin Boon (New York-Capital Markets); and legal assistant Kristi-Anne Nadvornik (New York-Capital Markets).