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News Jun 11, 2014

Shearman & Sterling Advises Underwriters in Ford Motor Credit Company’s $1.75 Billion Notes Offering

Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as joint bookrunning managers and Lloyds Securities Inc. and SMBC Nikko Securities America, Inc. as co-managers in connection with Ford Motor Credit Company LLC’s offering of $650,000,000 aggregate principal amount of its Floating Rate Notes due March 12, 2019 and $1,100,000,000 aggregate principal amount of its 2.375% Notes due March 12, 2019.

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: partners Lisa Jacobs (New York-Capital Markets) and Douglas McFadyen (New York-Tax) and associates Lesley Janzen (New York-Capital Markets), James Cotton (New York-Capital Markets), Dan Smith (New York-Tax) and Vivian Choi (New York-Corporate).