Date Closed

November 17, 2006

Lead Office

Toronto

Value

1.10 Billion CAD

On November 17, 2006, Ford Floorplan Auto Securitization Trust™, an Ontario trust sponsored by Ford Credit Canada Limited, completed its initial public offering of asset-backed notes in Canada.  The offering generated proceeds of approximately C$1.1 billion through the issue of three series of notes: C$200 million Class A and C$8 million Class B Series 2006-1 Floating Rate Asset-Backed Notes, C$600 million Class A and C$24 million Class B Series 2006-2 Fixed Rate Asset-Backed Notes and C$250 million Class A and C$10 million Class B Series 2006-3 Fixed Rate Asset-Backed Notes. The offering was made by a syndicate of underwriters co-led by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.

McCarthy Tétrautl LLP advised Ford Floorplan Auto Securitization Trust with a team led by Dirk Rueter.