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News Oct 08, 2015

Shearman & Sterling Advises Underwriters in Ford Motor Credit Company’s $1.0 Billion Notes Offering

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBC Capital Markets, LLC, and RBS Securities Inc. as underwriters in connection with Ford Motor Credit Company LLC’s offering of its $1,000,000,000 aggregate principal amount of 2.551% Notes due October 5, 2018.

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 included partners Lisa Jacobs (New York-Capital Markets) and Douglas McFadyen (New York-Tax) and associates Robert Giannattasio (New York-Corporate) and Uttara Dukkipati (New York-Corporate).