Davis Polk advised Ford Motor Company in connection with the amendment to its existing revolving credit facility.
As a result of the amendment, the maturity of the revolving commitments under the revolving credit agreement was extended from April 30, 2021 and April 30, 2023 to April 30, 2022 and April 30, 2024. Davis Polk also advised Ford Motor Company in connection with a new $2 billion revolving credit facility and a new $1.5 billion term loan facility.
Ford Motor Company, a global company based in Dearborn, Michigan, designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles and provides financial services through Ford Motor Credit Company. Ford employs approximately 199,000 employees worldwide.
The Davis Polk credit team included partner Meyer C. Dworkin (Picture) and associates Phoebe Jin and Amarilice C. Young. Partner Po Sit and associate Daniel L. Jose provided tax advice. Counsel Jeanine P. McGuinness provided sanctions advice.
Involved fees earner: Meyer Dworkin – Davis Polk & Wardwell; Phoebe Jin – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Amarilice Young – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Ford Motor Co.;