By Cristal Cody
Tupelo, Miss., March 20 – Ford Motor Credit Co. LLC (Baa2/BBB/BBB) priced a $550 million reopening of its floating-rate notes due April 5, 2021 on Tuesday at par to yield Libor plus 81 basis points, according to an FWP filing with the Securities and Exchange Commission.
Goldman Sachs & Co. LLC was the bookrunner.
The notes previously were issued in a $250 million offering on March 5 at par to yield Libor plus 81 bps. The total outstanding now is $800 million.
Ford Motor Credit is the financing arm of Dearborn, Mich.-based automaker Ford Motor Co.
| Issuer: | Ford Motor Credit Co. LLC
|
| Amount: | $550 million reopening
|
| Description: | Floating-rate notes
|
| Maturity: | April 5, 2021
|
| Bookrunner: | Goldman Sachs & Co. LLC
|
| Coupon: | Libor plus 81 bps
|
| Price: | Par
|
| Yield: | Libor plus 81 bps
|
| Call feature: | None
|
| Trade date: | March 20
|
| Settlement date: | March 23
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
| Total outstanding: | $800 million, including $250 million of notes issued March 5 at par to yield Libor plus 81 bps
|
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