Date Closed

June 29, 2009

Lead Office

Toronto

Value

600.00 Million CAD

On June 29, 2009, Ford Credit Canada Limited ("FCCL") completed a retail loan securitization transaction, receiving proceeds of C$600 million.  In order to carry out the transaction, Ford Auto Securitization Trust (the "Trust"), a newly-established  master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL. The Trust financed the purchase by completing an initial public offering of three classes of Series 2009-R1 Asset-Backed Notes to third party investors. The offering was made by a syndicate of underwriters consisting of HSBC Securities (Canada) Inc., Scotia Capital Inc. and RBC Capital Markets. 

McCarthy Tétrault advised Ford with a team that was led by Drik Rueter.