Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Lloyds Securities Inc. and Morgan Stanley & Co. LLC as joint book-running managers in connection with Ford Motor Credit Company LLC’s offering of its $1,200,000,000 aggregate principal amount of 2.943% notes due January 8, 2019, $1,200,000,000 aggregate principal amount of 4.389% notes due January 8, 2026 and $350,000,000 aggregate principal amount of floating rate notes due January 8, 2019.
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); associates Robert Giannattasio (New York-Corporate) and Adam Sternberg (New York-Tax); and law clerk Erika Khalek (New York-Corporate).