New Issue: Ford Motor Credit prices $1.25 billion of 5.113% notes due 2029 at 260 bps spread

By Cristal Cody

Tupelo, Miss., April 30 – Ford Motor Credit Co. LLC sold $1.25 billion of 5.113% 10-year notes (Baa2/BBB/BBB) at par to yield a spread of Treasuries plus 260 basis points on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

Barclays, BofA Merrill Lynch, Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, BofA Merrill Lynch, RBC Capital Markets, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SG Americas Securities LLC were 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.

Issuer:	Ford Motor Credit Co. LLC
Amount:	$1.25 billion
Description:	Notes
Maturity:	May 3, 2029
Bookrunners:	Barclays, BofA Merrill Lynch, Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, BofA Merrill Lynch, RBC Capital Markets, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SG Americas Securities LLC
Co-managers:	BB Securities Ltd. and Lloyds Securities Inc.
Coupon:	5.113%
Price:	Par
Yield:	5.113%
Spread:	Treasuries plus 260 bps
Call feature:	On or after Feb. 3, 2029 at par
Trade date:	April 30
Settlement date:	May 3
Ratings:	Moody’s: Baa2
	S&P: BBB
	Fitch: BBB
Distribution:	SEC registered

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