Transaction|July 3, 2014
Ford Credit Canada Limited completes private placement of C$400 million senior notes
Torys acted as counsel to the syndicate of agents, BMO Nesbitt Burns, HSBC Securities (Canada), TD Securities, CIBC World Markets, RBC Dominion Securities and Scotia Capital with a team that included Philip Mohtadi and Rory McGillis.
On July 3, 2014, Ford Credit Canada Limited (Ford Credit Canada) closed its private placement of C$400 million of 3.279% senior notes due 2021, guaranteed by Ford Motor Credit Company LLC. The notes were issued at par, will pay interest semi-annually on January 2 and July 2 of each year beginning January 2, 2015 and will mature on July 2, 2021.
BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., TD Securities Inc., served as co-lead agents for the syndicate which included CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
Ford Credit Canada Limited is a wholly-owned, indirect subsidiary of Ford Motor Credit Company LLC and provides automotive financing services in Canada.