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In a recent financial move, Ford Motor Credit Co LLC, a subsidiary of Ford Motor Company (NYSE:F), has successfully issued new debt securities totaling more than $2 billion. On Thursday, the company announced the sale of $1 billion in 5.918% notes due in 2028, $350 million in floating rate notes also due in 2028, and $750 million in 6.532% notes maturing in 2032.
The debt issuance is part of Ford Motor Credit’s existing shelf registration and was completed on the same day. The notes were offered through the New York Stock Exchange under various symbols, including F/25M, F/25L, and F/26AB, among others.
The legal opinion for the issuance was provided by David J. Witten, an attorney for the company, ensuring the legality of the new notes. The exhibits related to the transaction have been incorporated by reference into the registration statement previously filed with the Securities and Exchange Commission (SEC).
This financial event is significant for investors and stakeholders of Ford Motor Credit, as it reflects the company’s ongoing capital management strategies. The funds raised through this issuance could be used for general corporate purposes, including refinancing of existing debt, funding for operations, or strategic investments.
The details of the debt issuance are based on the company’s latest 8-K filing with the SEC. This filing provides investors with up-to-date information on significant corporate events that could affect their investment decisions.
Investors and market analysts will be watching closely to see how this capital raise impacts Ford Motor Credit’s financial position and its ability to meet future obligations. The success of the notes offering also provides insights into the current demand for corporate debt securities in the financial markets.
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