Ford to sell $25-par 40-year notes

Chicago, Aug. 8 – Ford Motor Co. is planning to sell fixed-rate $25-par notes due Aug. 15, 2062, according to a 424B3 filing with the Securities and Exchange Commission on Monday morning.

Interest will be payable quarterly.

There will be five years of call protection. After Aug. 15, 2027, the notes can be redeemed in whole or in part at par plus any accrued interest.

BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are the joint bookrunners.

Citigroup Global Markets Inc. is the joint lead manager.

Bank of New York Mellon is the trustee.

For legal matters, Ford is using in-house counsel, and the underwriters are using Shearman & Sterling LLP.

The underwriters will have a greenshoe to cover over-allotments.

Proceeds will be used for general corporate purposes.

Settlement will take place on Aug. 15.

Listing will be on the New York Stock Exchange.

Ford is a Dearborn, Mich.-based automotive manufacturer.

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