Shearman & Sterling represented BNP PARIBAS, Credit Agricole CIB, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley as joint bookrunning managers in connection with Ford Motor Credit Company LLC’s offering of $1.25 billion aggregate principal amount of 3.875% Notes due January 15, 2015. The net proceeds from the sale of the securities will be added to the general funds of Ford Credit and will be available for the purchase of receivables, for loans and for use in connection with the retirement of debt.
Ford Motor Credit Company is an indirect, wholly owned subsidiary of Ford Motor Company, one of the world’s largest producers of cars and trucks. Ford Credit offers a wide variety of automotive financing products to and through automotive dealers throughout the world. The predominant share of Ford Credit’s business consists of financing Ford vehicles and supporting Ford’s dealers.
The following Shearman & Sterling lawyers advised the underwriters in the transaction: partner Lisa Jacobs (New York-Capital Markets) and associates Lesley Janzen (New York-Capital Markets), Oliver Loxley (New York-Capital Markets) and James Cotton (New York-Capital Markets).