Shearman & Sterling represented the underwriters for whom Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, and SG Americas Securities, LLC acted as representatives in connection with Ford Motor Credit Company LLC’s offering of its $1,300,000,000 aggregate principal amount of 3.200% Notes due January 15, 2021 and $700,000,000 aggregate principal amount of 4.134% Notes due August 4, 2025, which constituted a further issuance of the 4.134% Notes due August 4, 2025 originally issued on August 4, 2015.
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 Adam Sternberg (New York-Tax).