Ford Motor Credit pricing benchmark two-, five-year notes Tuesday

By Aleesia Forni

Virginia Beach, March 24 – Ford Motor Credit Co. LLC is planning a benchmark offering of senior notes in four tranches due 2017 and 2020, according to a market source and a 424B3 filed with the Securities and Exchange Commission.

Bradesco, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and SMBC Nikko are the bookrunners.

Proceeds 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.

Ford Motor Credit is the financing arm of Dearborn, Mich.-based automaker Ford Motor Co.

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