Date Closed

September 28, 2010

Lead Office

Toronto

Value

700.00 Million CAD

On September 28, 2010, Ford Credit Canada Limited completed a retail loan securitization transaction, receiving proceeds of CAD$700 million.  In order to carry out the transaction, Ford Auto Securitization Trust, a master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL.  The Trust financed the purchase by completing a public offering of six classes of Series 2010-R3 Asset-Backed Notes to third party investors.  The offering was made by a syndicate of underwriters consisting of Merrill Lynch Canada Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., and Scotia Capital Inc. and their respective U.S. registered broker-dealer affiliates.

McCarthy Tétrault LLP represented Ford Credit Canada Limited, with a team led by Dirk Rueter.