DEARBORN, Mich., Nov. 22, 2010 /PRNewswire-FirstCall/ -- Ford
Motor Credit Company today announced that on December 23, 2010 (the "Redemption Date") it
intends to redeem all of its outstanding 7 3/8% Notes due
October 15, 2031 (NYSE: FCZ) (the
"2031 Notes") and all of its outstanding 7.60% Notes due
March 1, 2032 (NYSE: FCJ) (the "2032
Notes" and, together with the 2031 Notes, the "Notes").
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 "Redemption
Price").
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.
Holders of Notes with questions regarding the details of the
redemption may call The Bank of New York Mellon Bondholder
Relations Department at 1.800.254.2826.
Ford Motor Credit Company LLC is one of the world's largest
automotive finance companies and has provided dealer and customer
financing to support the sale of Ford Motor Company products since
1959. Ford Credit is an indirect, wholly owned subsidiary of Ford.
For more information, visit
www.fordcredit.com.
SOURCE Ford Motor Credit Company