New Issue: Ford Motor Credit sells $1.1 billion 8% five-year notes at 82.036 to yield 13%

By Paul A. Harris

St. Louis, May 28 - Ford Motor Credit Co. LLC priced a $1.1 billion issue of 8% five-year notes (Caa1/CCC/B-) at 82.036 to yield 13% on Thursday, according to a prospectus filed by the company.

The discount came in line with the 82.00 area price talk.

J.P. Morgan Securities Inc., Banc of America Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., RBS Securities Inc., Calyon Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Morgan Stanley & Co. Inc. and UBS Securities LLC were the underwriters.

Proceeds will be used for general corporate purposes.

Ford Motor Credit is the automotive and mortgage lending subsidiary of Ford Motor Co. and is based in Dearborn, Mich.

Issuer:	Ford Motor Credit Co. LLC
Face amount:	$1.1 billion
Proceeds:	$887.732 million (approximate)
Maturity:	June 1, 2014
Security description:	Notes
Underwriters:	J.P. Morgan Securities Inc., Banc of America Securities LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., RBS Securities Inc., Calyon Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Morgan Stanley & Co. Inc., UBS Securities LLC
Coupon:	8%
Price:	82.036
Yield:	13%
Trade Date:	May 28
Settlement date:	June 2
Ratings:	Moody's: Caa1
	Standard & Poor's: CCC
	Fitch: B-
Distribution:	SEC registered
Price talk:	82.00 area

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