Shearman & Sterling represented BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., Lloyds Securities Inc., Morgan Stanley & Co. LLC and SG Americas Securities, LLC as joint book-running managers, and BNY Mellon Capital Markets, LLC and U.S. Bancorp Investments, Inc. as co-managers in connection with Ford Motor Credit Company LLC’s offering of its $400 million aggregate principal amount of floating rate notes due March 28, 2022, $500 million aggregate principal amount of 2.262% notes due March 28, 2019, and $850 million aggregate principal amount of 3.339% notes due March 28, 2022.
Ford Motor Credit Company is an indirect, wholly owned subsidiary of Ford Motor Company. 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) and associates Robert Giannattasio (New York-Capital Markets) and Erika Khalek (New York-Corporate). Other Shearman & Sterling lawyers involved in the transaction were partner Douglas McFadyen (New York-Tax) and associate Adam Sternberg (New York-Tax).