Transaction|May 7, 2015
Ford Credit Canada Limited completes private placement of C$700 million senior notes
Torys acted as counsel to the syndicate of agents with a team that included Philip Mohtadi and Rory McGillis.
On May 7, 2015, Ford Credit Canada Limited (Ford Credit Canada) closed its private placement of C$700 million of 2.45% senior notes due 2020, guaranteed by Ford Motor Credit Company LLC. The notes were issued at par, will pay interest semi-annually on May 7 and November 7 of each year beginning November 7, 2015 and will mature on May 7, 2020.
BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. served as agents for the syndicate.
Ford Credit Canada is a wholly-owned, indirect subsidiary of Ford Motor Credit Company LLC and provides automotive financing services in Canada.