Ford Credit Canada Limited completes retail loan securitization transactions
Date Closed
September 25, 2008
Lead Office
Toronto
Value
900.00 Million CAD
On September 25, 2008, Ford Credit Canada Limited ("FCCL") completed two retail loan securitization transactions, receiving immediately available proceeds of approximately C$0.9 billion. In order to carry out the transactions, newly established trusts sponsored by FCCL purchased two pools of retail conditional sale contracts from FCCL. The trusts financed the purchases by issuing asset-backed notes to Canadian bank-sponsored securitization conduits.
McCarthy Tétrault LLP advised FCCL with a team led by Dirk Rueter.