Transactions & Cases Detail



Transaction/Case Details

Ford Credit Canada Limited completes C$0.5 billion retail securitization transaction

DATE CLOSED

January 30, 2013

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto

VALUE

0.5 Billion CAD


OVERVIEW

On January 30, 2013, Ford Credit Canada Limited (“FCCL”) completed a retail loan securitization transaction, receiving proceeds of C$0.5 billion.  In order to carry out the transaction, Ford Auto Securitization Trust (the “Trust”), a master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL.  The Trust financed the purchase by completing a public offering of six classes of Series 2013-R1 Asset-Backed Notes.  The offering was made by a syndicate of underwriters consisting of BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc., Scotia Capital Inc., TD Securities Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc. and RBC Dominion Securities Inc. and their respective U.S. registered broker-dealer affiliates.

McCarthy Tétrault LLP represented Ford Credit Canada Limited, the issuer, with a team led by Dirk Rueter.

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Bankruptcy & Restructuring
read /

Capital Markets
read /

Financial Services
read /

Structured Finance & Securitization
read /