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Shearman & Sterling Advises on Ford Motor Credit Company’s $1.5 Billion Notes Offering

3 Aug 2017

Shearman & Sterling LLP represented Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc. and SG Americas Securities, LLC as joint book-running managers in connection with Ford Motor Credit Company LLC’s offering of its $600 million aggregate principal amount of floating rate notes due August 3, 2022 and $900 million aggregate principal amount of 2.979% notes due August 3, 2022.

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 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.

The Shearman & Sterling team was led by partner Lisa Jacobs (New York–Capital Markets); associate Robert Giannattasio (New York–Capital Markets) and associate Kotoe Oshima (New York–Corporate Group). Other Shearman & Sterling lawyers involved in the transaction were partner Douglas McFayden and associate Adam Sternberg (both New York–Tax).

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