As a result of the foregoing, Ford Credit expects to pay aggregate Total Consideration of approximately $2,956 million, excluding the Notes delivered pursuant to the Guaranteed Delivery Procedures and applicable Accrued Coupon Payment, which will be payable in cash in addition to the Total Consideration, and Ford Credit will purchase approximately $2,958 million aggregate principal amount of Notes, excluding Notes delivered pursuant to the Guaranteed Delivery Procedures.įor holders who delivered a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be 5:00 p.m.
FORD CREDIT MOTOR COMPANY SERIES
Ford Credit will not accept any Notes with Acceptance Priority Levels 5-8 (as indicated in the table above) and will promptly return all validly tendered Notes of such series to the respective tendering holders.
Accordingly, Ford Credit plans to accept for purchase all Notes of those series that have been validly tendered and not validly withdrawn at or prior to the Expiration Date. The Maximum Purchase Condition (after giving effect to the increase described above) has been satisfied in respect of the series of Notes with Acceptance Priority Levels of 1-4 and 9. The “Settlement Date” will be June 21, 2022, the first business day after the Expiration Date, or in the case of any Notes validly tendered using the Guaranteed Delivery Procedures and accepted for purchase, the “Guaranteed Delivery Settlement Date” will be June 24, 2022, the second business day after the Guaranteed Delivery Date.Īs reported by Global Bondholder Services Corporation, the Information Agent and Tender Agent in connection with the Tender Offers, the following table sets forth certain information about the Tender Offers, including the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date: Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.Įach Offer to Purchase expired at 5:00 p.m., New York City time, on J(the “Expiration Date”).
Each Tender Offer described herein was made on the terms and conditions set forth in the Offer to Purchase, dated J(each as amended as described herein, an “Offer to Purchase”).
DEARBORN, Mich., J– Ford Motor Credit Company LLC (“Ford Credit”) announced today the expiration of its separate cash tender offers (each, a “Tender Offer” and collectively, the “Tender Offers”) to purchase for cash any and all of the nine series of outstanding notes described below (each, a “series of Notes” and collectively, the “Notes”), and that it has amended the Offer to Purchase (as defined below) by increasing the Maximum Purchase Consideration from $2.5 billion to $3.0 billion.
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