Ford Credit Canada completes C$700 million retail securitization transaction

Date Closed

October 01, 2013

Lead Office

Toronto

Value

700.00 Million CAD

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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