Ford Credit Canada Company concludes private placement of $1 billion in senior notes

Company

Ford Credit Canada Company

Law Firm / Organization
McCarthy Tétrault LLP
Lawyer(s)

Jo-Anna Brimmer

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Torys LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Torys LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Torys LLP

Bank

Scotia Capital Inc.

Law Firm / Organization
Torys LLP

Bank

TD Securities Inc.

Law Firm / Organization
Torys LLP

On February 20, 2024, Ford Credit Canada Company, an automotive financing provider in Canada and a wholly-owned subsidiary of Ford Motor Credit Company LLC, successfully issued C$1 billion in senior unsecured notes through a private placement. The issuance comprised two parts: C$550 million of notes with a 5.581% interest rate due on February 22, 2027, and C$450 million of notes at a 5.668% rate expiring on February 20, 2030. The transaction was facilitated by a syndicate of agents including BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc. This financial move aimed at enhancing Ford Credit Canada Company's capital structure and supporting its operations in providing automotive financing services across Canada.

Public/Private Offering
Banking/Finance
$ 1,000,000,000
Closed
20 February 2024