Ford to pay down term loan B borrowings in full on Thursday

By Sara Rosenberg

New York, Sept. 13 - Ford Motor Co. has notified lenders that it will be prepaying the balance of its term loan B debt on Thursday, according to an informed source.

This will result in automotive debt being reduced by $1.8 billion, the source said.

Funds for the repayment are coming from automotive cash.

Ford is a Dearborn, Mich.-based manufacturer and distributor of automobiles.

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