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Stock impact report

Why Ford Sold Junk Bonds to Raise $8 Billion [The Motley Fool]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: The Motley Fool
Ford Motor Company(NYSE:FThis was the company's first debt offering since it lost its investment-grade credit status on March 6. It may have been helped by aFederal Reserve Bank programHere's a look at what Ford did, and how it'll help Ford bolster its cash to weather the pandemic and restart its factories when the time comes.About Ford's debt offeringIn afilingThe first series, totaling $. billion in principal, will pay 8.% interest and mature in April of 0.The second series, also totaling $. billion in principal, pays 9% interest and matures in April of 0.The third series, with $ billion in total principal, pays 9.6% interest and matures in April of 00.Interest payments on all three series are due twice a year, in April and October, starting on October , 00.In 006, Ford pledged almost everything it had -- including its headquarters -- as collateral in return for emergency funding. It didn't have to do that this time around. Image source: Ford Motor Company.Was Ford's bond issue a su Show less Read more
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