What is the purpose of this 8-K filing?

This 8-K filing serves to report a material event for Ford Motor Company: the issuance and sale of $750 million in 6.200% Notes due June 1, 2059. It formally discloses this debt financing to investors and the public.

What are the terms of the newly issued notes?

The newly issued notes have an aggregate principal amount of $750 million, a coupon rate of 6.200%, and a maturity date of June 1, 2059.

How does this debt issuance impact Ford's financial position?

This issuance increases Ford's total debt by $750 million. Investors should consider this additional leverage and the associated interest expense when evaluating the company's financial health and risk profile. The long-term maturity suggests it's intended for long-term financing needs.

Why is a registration statement on Form S-3 mentioned?

Ford utilized an effective registration statement on Form S-3, which allows established public companies to "shelf" securities and register them for future sale. This indicates that the process for registering these notes was already in place, facilitating a quicker issuance.

FORD MOTOR CO 8-K SEC Disclosure

Summary

Ford Motor Company (F) announced on May 28, 2019, the issuance and sale of $750 million in aggregate principal amount of 6.200% Notes due June 1, 2059. This offering was conducted under the company's previously filed effective registration statement on Form S-3. The filing primarily serves to report this debt issuance, providing investors with transparency regarding the company's capital-raising activities. This debt issuance represents an expansion of Ford's outstanding debt obligations, with a significant maturity date of 2059. Investors should note the coupon rate of 6.200% on these notes. The filing also includes the legal opinion regarding the Notes, which is a standard procedural exhibit for such offerings, confirming the legality of the issued securities.

Key Highlights

1Ford Motor Company issued $750 million in aggregate principal amount of debt.
2The debt consists of 6.200% Notes due June 1, 2059.
3The issuance was made pursuant to Ford's effective registration statement on Form S-3.
4This filing is an 8-K Current Report, indicating a material event for the company.
5The company provided a legal opinion from Corey M. MacGillivray, Counsel to the Company, regarding the legality of the Notes.
6The filing includes a consent from Corey M. MacGillivray.

FORD MOTOR CO 8-K Report, Corporate Update (May 28, 2019)

Summary

Key Highlights

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