Book size: 2600; First Pay: 2026-05-17; Registration: SEC Registered; Comments: EUR750m 3.5yr cpn fxd 3.305% at 99.998, yld 3.309%. Spread: MS + 100bps. OBL #189 2.10% 04/2029 + 113.9bps. MWC: B + 20bps. LEI: UDSQCVRUX5BONN0VY111;
Book size: 2400; First Pay: 2026-05-17; Registration: SEC Registered; Comments: EUR750m 7yr cpn fxd 4.087% at 100, yld 4.087%. Spread: MS + 148bps. DBR 02/2033 + 154. MWC: B + 25bps. LEI: UDSQCVRUX5BONN0VY111;
Deal Comments
Reoffer: Long 3yr: MS+100bp / 99.998 / 3.309% 7yr: MS+148bp / 100 / 4.087%
Benchmark: Long 3yr: OBL #189 2.10% Apr-29 @ 99.785 / B+113.9bp 7yr: DBR Feb-33 @ 98.437 / B+154bp
Tranche 1 (Long 3yr): Peak book in excess of €2.6bn
Tranche 2 (7yr): Peak book in excess of €2.4bn
Launched: Long 3yr: €750m @ MS+100bp - Books in excess of €2.6bn 7yr: €750m @ MS+148bp - Books in excess of €2.4bn
Guidance: Long 3yr: MS+100bp 7yr: MS+150a
IPTs: Long 3yr: MS+130/135bp 7yr: MS+180/185bp
Issuer: Ford Motor Credit Company LLC
Ticker: F
Country: US
Expected Ratings (M/S/F): Ba1/BBB-/BBB- (Moody's/S&P/Fitch)
Format: SEC Registered EMTN / NYSE Listing / NY Law
Ranking: Senior Unsecured
Size:
Long 3yr: €750m
7yr: €750m
Maturity Date:
Long 3yr: 17-May-29 (short first coupon)
7yr: 17-Feb-33
Coupon:
Long 3yr: 3.305% Fixed; Annual; ACT/ACT (ICMA)
7yr: 4.087% Fixed; Annual; ACT/ACT (ICMA)
Optional Redemption:
Long 3yr: MWC = B + 20bps
7yr: MWC = B + 25bps
Settlement: 17-Feb-26 (T+3)
Denominations: €100k x €1k
Use of Proceeds: General Corporate Purposes
Active Bookrunners: Barclays (B&D), Citigroup, Crédit Agricole CIB, Lloyds, NatWest, UniCredit
Selling Restrictions: See the Prospectus dated 07-Feb-24, as supplemented by the Prospectus Supplement dated 07-Feb-24
Clearing: Euroclear / Clearstream
Target Market: Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK
Sales into Canada: No
Stabilization: Relevant stabilization regulations including FCA/ICMA apply
LEI: UDSQCVRUX5BONN0VY111
ISIN:
Long 3yr: XS3299544711
7yr: XS3299544802
Timing:
Long 3yr: PRICED: TOE 15:53 UKT/ FTT Subj. to TS
7yr: PRICED: TOE 15:49 UKT/ FTT Subj. to TS