Thursday, February 3, 2011

Ford Motor's (NYSE:F) Credit Unit Sells $1.25 Billion in Notes

Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Deutsche Bank (NYSE:DB) and JP Morgan (NYSE:JPM) were joint bookrunning managers for a $1.25 billion sale of senior notes by Ford Motor Credit (NYSE:F), a division of Ford.

BORROWER: FORD MOTOR CREDIT COMPANY LLC

AMT $1.25  BLN       COUPON 5.75   PCT       MATURITY  2/1/2021
TYPE SR NTS             ISS PRICE 100               FIRST PAY 8/1/2011
MOODY'S Ba2           YIELD 5.75 PCT             SETTLEMENT 2/7/2011
S&P BB-MINUS         SPREAD 225.3 BPS        PAY FREQ SEMI-ANNUAL
FITCH BB-MINUS    MORE THAN TREAS       NON-CALLABLE N/A

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