Ford Motor Credit plans fixed-, floating-rate notes in three parts

By Devika Patel

Knoxville, Tenn., Jan. 6 – Ford Motor Credit Co. LLC is preparing to sell a three-part offering of notes with fixed- and floating-rate tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The single tranche of floaters is non-callable. The two tranches of fixed-rate notes feature a make-whole call and then a par call.

Barclays, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Lloyds Securities Inc., SMBC Nikko Securities America Inc., Banca IMI, Credit Agricole CIB and SG Americas Securities LLC are the joint 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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