Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Ford Motor Credit Co. LLC > News item |
Ford Motor Credit offers notes in fixed- and floating-rate tranches
By Devika Patel
Knoxville, Tenn., Jan. 3 – Ford Motor Credit Co. LLC plans to sell senior notes in two fixed- and floating-rate tranches, according to a 424B3 filed with the Securities and Exchange Commission.
The floating-rate tranche will have a coupon that is based on Libor.
The floaters are non-callable. The fixed-rate notes are initially non-callable and will then have a par call.
Bookrunners are BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, NatWest Markets Securities Inc. and RBC Capital Markets LLC.
Proceeds will be used to purchase 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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.