Key insights
- Ford Motor Credit issued €750M in notes due 2031 at 4.480%. This indicates Ford's ongoing financing activities and access to European debt markets. While not a major market mover, it suggests a slightly increased cost of borrowing, potentially impacting future profitability. The relatively small size and specific nature of the issuance limit broader market implications.
Ford Motor Credit Company LLC (NYSE:F) announced Thursday it has issued and sold €750 million aggregate principal amount of 4.480% notes due July 8, 2031. The sale was made under the company’s effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission.
The notes are part of Ford Motor Credit’s ongoing financing activities and will mature in 2031. The offering was supported by a legal opinion from David J. Witten, an attorney for the company, which was included as an exhibit to the SEC filing.
This information is based on a press release statement included in the company’s Form 8-K filed with the SEC.
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