Ford Motor Credit plans offering of fixed-, floating-rate notes

By Devika Patel

Knoxville, Tenn., March 28 – Ford Motor Credit Co. LLC is planning to price a two-part offering of senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The offering includes one tranche of fixed-rate notes and one tranche of floating-rate notes.

The fixed-rate notes are initially non-callable and then feature a par call. The floaters are non-callable.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc., Lloyds Securities, Morgan Stanley & Co. LLC and Societe Generale are the bookrunners.

Proceeds will be used to purchase receivables, for loans and for debt retirement.

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

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