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Ford Motor pays down $2 billion of revolver debt in third quarter
By Sara Rosenberg
New York, Oct. 26 - Ford Motor Co. repaid $2 billion of borrowings under its revolving credit facility on Sept. 9, according to a news release.
Also, on Friday, the company plans to use cash to fully prepay the remaining $3.6 billion of debt owed to the VEBA retiree health care trust.
Ford is a Dearborn, Mich.-based manufacturer and distributor of automobiles.
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