Parties
Company
Ford Credit Canada Company
Bank
BMO Nesbitt Burns Inc.
Bank
CIBC World Markets Inc.
Bank
RBC Dominion Securities Inc.
Bank
Scotia Capital Inc.
Bank
TD Securities Inc.
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.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 1,000,000,000Deal Status
ClosedClosing Date
20 February 2024