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Ford Motor Credit Co., 7 3/8% Notes due 10/15/2031
Ticker Symbol: FCZ* CUSIP: 345397202 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/23/2010
Security has been Called for: Thursday, December 23, 2010
Nov. 22, 2010 -- Ford Motor Credit Company today announced that on December 23, 2010 it intends to redeem all of its outstanding 7 3/8% Notes due October 15, 2031 (NYSE:FCZ) and all of its outstanding 7.60% Notes due March 1, 2032 (NYSE:FCJ). The redemption price for each of the Notes will be equal to 100% of the principal amount of such Notes outstanding, plus accrued and unpaid interest thereon to the Redemption Date. The Bank of New York Mellon is the trustee for each of the Notes and will act as the redemption agent for these transactions. The Bank of New York Mellon's address is P.O. Box 396, Attn: Debt Processing Unit (ACT), East Syracuse, NY 13057. The 2031 Notes and the 2032 Notes will each become due and payable, at the Redemption Price, upon presentation and surrender of the respective Notes, on or after the Redemption Date at the office of the Trustee. The 2031 Notes (FCZ) were originally issued on October 11, 2001 and October 24, 2001 in the aggregate principal amount of $750,000,000, all of which principal amount remains outstanding. The 2032 Notes (FCJ) were originally issued on February 27, 2002 and March 7, 2002 in the aggregate principal amount of $562,500,000, all of which principal amount remains outstanding.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Ford Motor Credit Company, 7 3/8% Notes due 10/15/2031, issued in $25 denominations, redeemable at the issuer's option on or after 10/11/2006 at $25 per share plus accrued and unpaid interest, maturing 10/15/2031, distributions of 7 3/8% per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record at the close of business on the 15th day preceding the payment date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured obligations and will rank on a parity with all existing and future unsecured indebtedness. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (F)
IPO - 10/9/2001 - 28.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $700.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One American Road, Dearborn, MI 48126 |
| Main Phone Number |
313-322-3000 |
| Fax Number |
313-845-6073 |
| Investor Relations
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800-555-5259
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| Toll Free Phone Number |
800-555-5259 |
| CEO - Alan Mulally |
CFO - L.W.K. Booth |
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