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Article: Ford Motor Company Announces Pricing Results of Convertible Notes Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Ford Motor Company (NYSE:F) announced the pricing of its offering of senior convertible notes due Nov. 15, 2016. Notes in the aggregate principal amount of $2.5 billion will be offered, an increase from the $2 billion previously announced. The notes will be senior unsecured obligations of Ford and will bear interest at a fixed rate of 4.25 percent per year. Ford has granted the underwriters an option to purchase an additional $375 million in aggregate principal amount of notes.
"This was a successful transaction and the results exceeded our expectations," said Lewis Booth, Ford executive vice president and chief financial officer. "This transaction directly ...