Transactions & Cases Detail



Transaction/Case Details

Ford Credit Canada completes C$700 million retail securitization transaction

DATE CLOSED

October 1, 2013

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Toronto

VALUE

700 Million CAD


OVERVIEW

On October 1, 2013, Ford Credit Canada Limited (FCCL) completed a retail loan securitization transaction, receiving proceeds of C$700 million.

To carry out the transaction, Ford Auto Securitization 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-R4 Asset-Backed Notes.

The offering was made by a syndicate of underwriters consisting of BMO Nesbitt Burns, Merrill Lynch Canada, Scotia Capital, TD Securities, CIBC World Markets, RBC Dominion Securities and their respective US-registered broker-dealer affiliates.

McCarthy Tétrault LLP represented FCCL and the Trust as issuer with a team led by Dirk Rueter.

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Related Area of Expertise


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