Ford plans redemption of 8.5% notes due 2023 after tender offer

Chicago, Nov. 19 – Ford Motor Co. expects to deliver to the trustee on Monday a notice of redemption for any remaining 8.5% securities due April 2023 (Cusip: 345370CV0) with the early deadline of its tender offer for 10 series of notes having passed, according to a press release.

At the start of the tender offer, there were $3.5 billion of the notes outstanding.

Noteholders tendered $2,646,607,000, or 75.62%, of the notes in the tender offer.

The company plans to redeem the notes at par plus a make-whole premium and interest to the redemption date, Dec. 7.

Payment will be made through the Depository Trust Co.

The automobile manufacturer is based in Dearborn, Mich.

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