Ford Credit Canada Limited completes retail securitization transaction
Date Closed
January 22, 2010
Lead Office
Toronto
Value
510.00 Million CAD
On January 22, 2010, Ford Credit Canada Limited (“FCCL”) completed a retail loan securitization transaction, receiving proceeds of approximately C$510 million. In order to carry out the transaction, Ford Auto Securitization Trust (the “Trust”), a master trust for which FCCL acts as the promoter, purchased a pool of retail conditional sale contracts from FCCL.
McCarthy Tétrault LLP represented FCCL, with a team led by Dirk Rueter.