Ford Motor Credit issues new notes due 2030

Published 03/09/2024, 15:50
Ford Motor Credit issues new notes due 2030

Ford Motor (NYSE:F) Credit Company LLC, the financing arm of the automotive giant, has successfully issued £300 million in notes with a maturity date of April 30, 2030. These notes carry an interest rate of 5.780% and are part of the company's existing shelf registration, as detailed in a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday.

The notes were sold under Ford Motor Credit's Euro Medium-Term Notes program, which is registered with the SEC, allowing for the periodic offering of securities. The legal opinion regarding the issuance, provided by David J. Witten, an attorney for Ford Motor Credit, was included as an exhibit in the SEC filing.

The funds raised from this issuance are expected to be used for general corporate purposes, which may include refinancing of existing debt, financing of Ford's automotive business, and other funding activities that support the overall business strategy.

Ford Motor Credit's issuance of these notes reflects ongoing capital-raising activities in the corporate bond market, where companies seek to leverage favorable interest rates to secure long-term funding. The company's ability to issue debt at a competitive rate is indicative of investor confidence in the financial health and prospects of Ford Motor Credit.

Investors and stakeholders can find further details on the notes and their terms in the exhibits attached to the SEC filing. It is important to note that the information provided is based on the press release statement and the SEC filing by Ford Motor Credit Company LLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.