Summary
Ford Motor Company filed an 8-K report on October 24, 2001, primarily to disclose details regarding the issuance of new debt securities. The company announced the creation of a series of "Global Landmark Securities" due July 16, 2031, with a 7.45% annual interest rate. These notes, totaling $1.5 billion in aggregate principal amount, were registered under previously filed registration statements on Form S-3, allowing for delayed or continuous offerings. This filing is significant as it outlines Ford's strategy to raise substantial capital through debt financing. Investors should note the maturity date and coupon rate of these new securities, which reflect the company's financing needs and market conditions at the time. The inclusion of legal opinions and consents as exhibits provides further assurance regarding the validity and terms of this debt issuance.
Key Highlights
- 1Ford Motor Company issued $1.5 billion in new debt securities.
- 2The new securities are designated as "7.45% Global Landmark Securities" due July 16, 2031.
- 3The debt was registered under existing Form S-3 registration statements (No. 333-86035 and 333-49164).
- 4The issuance utilizes an Indenture dated February 15, 1992, as supplemented by a First Supplemental Indenture dated December 5, 1996.
- 5The Bank of New York is designated as the trustee for these debt securities.
- 6Exhibits include a tax opinion and consent from Shearman & Sterling related to the issuance.