Shearman And Sterling

News August 19, 2022

Ford Motor Company $1.75 Billion Green Bond Offering

Shearman & Sterling represented the underwriters in connection with Ford Motor Company’s $1.75 billion aggregate principal amount of green bonds.

Barclays, Citigroup, Goldman Sachs & Co. LLC, Lloyds Securities, SMBC Nikko and Societe Generale acted as joint book-running managers in connection with the offering.

Ford Motor Company is a global company based in Dearborn, Michigan. Ford designs, manufactures, markets, and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans, and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services, and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company.

Ford expects to allocate the net proceeds from this offering exclusively to Clean Transportation projects and specifically to the design, development, and manufacture of its battery electric vehicle portfolio with the majority allocated to North American projects. These battery electric vehicles include the next generation F-150, future Lincoln vehicles, and other vehicles that have not yet been announced. These investments are also expected to include the installation of eDrive motors.

The Team