Davis Polk advised Ford Motor Company in connection with the April 30, 2015, amendment and restatement of its existing revolving credit facility. As a result of the amendment and restatement, the maturity of the existing revolving commitments was extended from April 30, 2017 and April 30, 2019, to April 30, 2018 and April 30, 2020, respectively, and additional commitments, maturing either April 30, 2018 or April 30, 2020, were provided, for an aggregate total of such revolving commitments of approximately $13.4 billion. Other amendments to the existing revolving credit facility provide for two new sub-facilities, one denominated in Brazilian real and one in Chinese renminbi.
Ford Motor Company, a global automotive industry leader based in Dearborn, Michigan, manufactures or distributes automobiles across six continents. With about 194,000 employees and about 66 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company.
The Davis Polk credit team included partner Lawrence E. Wieman and associate Rustin M. Brown. Partner Kathleen L. Ferrell and associate Kay Ng provided tax advice. Counsel Jeannine P. McGuinness provided sanctions advice. The members of the Davis Polk team are based in the New York and Washington DC offices.
Source: www.davispolk.com
