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 partner Lisa Jacobs (New York-Capital Markets) and associates Robert Giannattasio (New York-Corporate) and Erika Khalek (New York-Corporate). Other Shearman & Sterling lawyers involved in the transaction were partners Douglas McFadyen (New York-Tax) and Thomas Donegan (London-Financial Industry Advisory & Financial Regulatory); and associates Adam Sternberg (New York-Tax) and Inyoung Song (London-Financial Industry Advisory & Financial Regulatory).