Ford Auto Securitization Trust completes C$634M private placement of notes
June 26, 2018
634.00 Million CAD
On June 26, 2018, Ford Auto Securitization Trust issued C$634 million of notes in several classes, entitled the Series 2018-B Asset Backed Notes by way of private placement.
Ford Auto Securitization Trust was established to finance the acquisition of pools of receivables from Ford Credit Canada Company consisting of retail conditional sales contracts that are entered into between retail customers and motor vehicle dealers in Canada for the financing of purchased vehicles and purchased by Ford Credit Canada Company from the dealers.
McCarthy Tétrault LLP advised Ford Auto Securitization Trust, as issuer, and Ford Credit Canada Company, as seller and servicer, with a team led by Dirk Rueter that included Neha Chawla.