0001104659-18-028652.txt : 20180430 0001104659-18-028652.hdr.sgml : 20180430 20180430171617 ACCESSION NUMBER: 0001104659-18-028652 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180430 DATE AS OF CHANGE: 20180430 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CREDIT CO LLC CENTRAL INDEX KEY: 0000038009 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 381612444 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-223639 FILM NUMBER: 18791308 BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 313-322-3000 MAIL ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FORMER COMPANY: FORMER CONFORMED NAME: FORD MOTOR CREDIT CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FORD MOTOR CREDIT CO LLC CENTRAL INDEX KEY: 0000038009 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 381612444 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 313-322-3000 MAIL ADDRESS: STREET 1: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FORMER COMPANY: FORMER CONFORMED NAME: FORD MOTOR CREDIT CO DATE OF NAME CHANGE: 19920703 FWP 1 a18-12238_2fwp.htm FWP

 

Free Writing Prospectus
Filed Pursuant to Rule 433

Registration Number 333-223639

 

Ford Motor Credit Company LLC

 

Final Term Sheet

 

4.140% Notes due 2023
Floating Rate Notes due 2023

 

4.140% Notes due 2023

 

Issuer:

 

Ford Motor Credit Company LLC

 

 

 

Trade Date:

 

April 30, 2018

 

 

 

Settlement Date:

 

May 3, 2018 (T+3)

 

 

 

Stated Maturity:

 

February 15, 2023

 

 

 

Principal Amount:

 

$900,000,000

 

 

 

Interest Rate:

 

4.140%

 

 

 

Benchmark Treasury:

 

2.750% due April 30, 2023

 

 

 

Benchmark Treasury Yield and Price:

 

2.790%; 99-26

 

 

 

Spread to Benchmark Treasury:

 

+135 basis points

 

 

 

Yield to Maturity:

 

4.140%

 

 

 

Price to Public:

 

100.000% of principal amount plus accrued interest from the Settlement Date

 

 

 

Underwriting Discount:

 

0.350%

 

 

 

Net Proceeds (Before Expenses) to Issuer:

 

$896,850,000 (99.650%)

 

 

 

Interest Payment Dates:

 

Semi-annually on each February 15 and August 15, beginning August 15, 2018 (short first coupon)

 

Redemption Provision:

 

The 2023 Notes may be redeemed, in whole or in part, on or after January 15, 2023, the date that is one month prior to the maturity date at a redemption price equal to 100% of the principal amount of the 2023 Notes to be redeemed, plus accrued and unpaid interest to the redemption date.

 

Joint Book-Running Managers:

 

 

 

 

 

 

 

Commerz Markets LLC

Goldman Sachs & Co. LLC

Lloyds Securities Inc.

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Barclays Capital Inc.

Mizuho Securities USA LLC

NatWest Markets Securities Inc.

 

 

 

Co-Managers:

 

BB Securities Limited

BNY Mellon Capital Markets, LLC

 


 

CUSIP/ISIN:

 

345397ZB2 / US345397ZB24

 


 

Floating Rate Notes due 2023

 

Issuer:

 

Ford Motor Credit Company LLC

 

 

 

Trade Date:

 

April 30, 2018

 

 

 

Settlement Date:

 

May 3, 2018 (T+3)

 

 

 

Stated Maturity:

 

February 15, 2023

 

 

 

Principal Amount:

 

$600,000,000

 

 

 

Price to Public:

 

100.000% plus accrued interest from the Settlement Date

 

 

 

Underwriting Discount:

 

0.350%

 

 

 

Net Proceeds (Before Expenses) to Issuer:

 

$597,900,000 (99.650%)

 

 

 

Interest Rate Basis:

 

Three-Month USD LIBOR

 

 

 

LIBOR Currency:

 

US dollars

 

 

 

Spread:

 

+123.5 basis points

 

 

 

Index Maturity:

 

Three months

 

 

 

Interest Rate Calculation:

 

Three-month USD LIBOR determined on the Interest Determination Date plus the Spread

 

 

 

Initial Interest Rate:

 

An interpolated rate between Three-month USD LIBOR and Six-month USD LIBOR as of two London Business Days prior to the Settlement Date plus the Spread

 

 

 

Interest Reset Dates:

 

Quarterly on February 15, May 15, August 15 and November 15 of each year, commencing August 15, 2018

 

 

 

Interest Determination Dates:

 

Quarterly, two London Business Days prior to each Interest Reset Date

 

 

 

Interest Payment Dates:

 

Interest will be paid quarterly on February 15, May 15, August 15 and November 15 of each year, commencing August 15, 2018 and ending on the Maturity Date (long first coupon)

 

 

 

Interest Payment Date Convention:

 

Modified Following, Adjusted

 

 

 

Day Count Convention:

 

Actual/360

 

 

 

Denominations:

 

Minimum denominations of $200,000 with increments of $1,000 thereafter

 

 

 

Joint Book-Running Managers:

 

 

 

 

Commerz Markets LLC

Goldman Sachs & Co. LLC

Lloyds Securities Inc.

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Barclays Capital Inc.

Mizuho Securities USA LLC

NatWest Markets Securities Inc.

 


 

Co-Managers:

 

BB Securities Limited

BNY Mellon Capital Markets, LLC

 

 

 

CUSIP/ISIN:

 

345397ZC0 / US345397ZC07

 

 

The issuer has filed a registration statement, including a prospectus and a preliminary prospectus supplement, with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus and the preliminary prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement (or, if available, the prospectus supplement) if you request it by calling Commerz Markets LLC at 1-212-266-7200, Goldman Sachs & Co. LLC at 1-866-471-2526 or at prospectus-ny@ny.email.gs.com, Lloyds Securities Inc. at 1-212-930-5000, or Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or at dg.prospectus_requests@baml.com.