Ford Motor Credit to sell benchmark two-part bullet notes Wednesday

By Paul A. Harris

Portland, Ore., Jan. 5 – Ford Motor Credit Co. LLC plans to make a benchmark placement of notes (Ba2/BB+) in two bullet tranches on Wednesday, according to market sources.

The deal includes three-year notes with initial guidance in the 2.7% area and seven-year notes initially guided in the 3 7/8% area.

Deutsche Bank Securities Inc. will bill and deliver for the three-year notes.

Goldman Sachs & Co. LLC will bill and deliver for the seven-year notes.

Citigroup Global Markets Inc., Deutsche Bank, Goldman Sachs, NatWest Markets Securities Inc., SG Americas Securities, LLC and SMBC Nikko Securities America, Inc. are lead underwriters.

Banco Bradesco BBI SA, ICBC Standard Bank plc, Commerz Markets LLC and Lloyds Securities Inc. are also underwriters.

Proceeds will be added to the company’s general funds and will be available to purchase receivables, for loans and for use in connection with the retirement of debt.

Ford Motor Credit is the financing arm of Dearborn, Mich.-based automaker Ford Motor Co.

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