US:Ford to offer 30-year notes - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
ยป Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 12-05-2006, 06:00   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford to offer 30-year notes

Ford to offer 30-year notes

BLOOMBERG NEWS

Ford Motor Co., expecting to drain $17 billion in cash by 2009, will offer $3 billion in 30-year notes convertible to common shares, part of an $18-billion financing package to keep the company going.

Underwriters will have the option to purchase as much as $450 million of additional unsecured notes, the company said Monday in a statement. Managers of the sale include BNP Paribas, Citigroup Inc., Goldman, Sachs & Co. and JPMorgan Chase & Co.

Last week, Ford put up assets, ranging from factories to its "blue oval" trademark, as collateral for another $15 billion in loans. Ford is borrowing the money to pay for buyout packages for U.S. factory workers and to cover the expense of closing North American plants as its U.S. sales sink.

Chief Executive Officer Alan Mulally, who assumed the post at the second-largest U.S. automaker in September, is overseeing plans to cut 40,000 jobs in North America and close nine factories by 2008. Ford lost $6.99 billion in the first nine months of the year on falling sales of pickups and SUVs, which it relies on for profit.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 22:17.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.