Shearman & Sterling represented Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, and Deutsche Bank AG, London Branch as joint book-running managers in connection with Ford Motor Credit Company’s offering of its A$450,000,000 aggregate principal amount of 3.588% notes due June 2, 2020. The notes have been listed on the New York Stock Exchange.
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.