Published on 5/2/2014 in the Prospect News Investment Grade Daily.
New Issue: Ford Motor Credit sells $250 million notes due November 2016 at Libor plus 45 bps
By Aleesia Forni
Virginia Beach, May 2 - Ford Motor Credit Co. LLC priced $250 million of floating-rate notes due Nov. 8, 2016 at par to yield Libor plus 45 basis points, according to a 424B2 filed with the Securities and Exchange Commission.
BofA Merrill Lynch was the bookrunner.
Ford Motor Credit is the financing arm of Dearborn, Mich.-based automaker Ford Motor Co.
| Issuer: | Ford Motor Credit Co. LLC
|
| Amount: | $250 million
|
| Description: | Medium-term notes
|
| Maturity: | Nov. 8, 2016
|
| Bookrunner: | BofA Merrill Lynch
|
| Coupon: | Libor plus 45 bps
|
| Price: | Par
|
| Yield: | Libor plus 45 bps
|
| Trade date: | May 1
|
| Settlement date: | May 8
|
| Distribution: | SEC registered
|
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