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News May 03, 2018

Ford Motor Credit Company’s $1.5 Billion Notes Offering

Shearman & Sterling represented the underwriters in connection with Ford Motor Credit Company’s offering of $1.5 billion aggregate principal amount of senior notes, consisting of $600 million of floating rate notes due February 15, 2023 and $900 million of 4.140% notes due February 15, 2023.

Commerz Markets LLC, Goldman Sachs & Co. LLC, Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Mizuho Securities USA LLC and NatWest Markets Securities Inc. acted as joint book-running managers in connection with the offering.

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 and Lincoln 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.