8-KOther EventsExhibits & Filings

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

Filed May 28, 2019For Securities:FF-PCF-PDF-PB

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.

Frequently Asked Questions

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.

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.

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.

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.