Transaction|February 25, 2016
Ford Credit Canada Limited completes private placement of C$650 million senior notes
Torys acted as counsel to the syndicate of agents with a team that included Philip Mohtadi and Rory McGillis.
On February 25, 2016, Ford Credit Canada Limited closed its private placement of C$650 million of 3.14% senior notes due 2019, guaranteed by Ford Motor Credit Company LLC. The notes were issued at par, will pay interest semi-annually on June 14 and December 14 of each year beginning December 14, 2016 and will mature on June 14, 2019. A partial period interest payment will be paid on June 14, 2016.
RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. served as agents for the syndicate.
Ford Credit Canada Limited is a wholly-owned, indirect subsidiary of Ford Motor Credit Company LLC and provides automotive financing services in Canada.
RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc. served as agents for the syndicate.
Ford Credit Canada Limited is a wholly-owned, indirect subsidiary of Ford Motor Credit Company LLC and provides automotive financing services in Canada.