(March 15, 2012, Weil News)
Ford Motor Company announced today that it has reached agreement with its lenders to amend and extend a $9 billion revolving credit facility. Weil, Gotshal & Manges represented J.P. Morgan Securities, as lead arranger and bookrunner, and JPMorgan Chase Bank, as administrative agent, in the transaction.
Prior to the amendment, revolving lenders had commitments under the revolving credit facility totaling $8.9 billion that were scheduled to mature on November 30, 2013. Under the amended and extended terms, lenders have a total of $9 billion of commitments that are scheduled to mature on November 30, 2015, and approximately $300 million of commitments that are scheduled to mature on November 20, 2013.
The Weil team was led by Corporate partner Andrew Yoon and included Corporate associates Brian Drozda, Timothy Soldani, and Marc Balmazi, and paralegals Christine Guthrie and Michael Tily.