Ford Motor Co. (F) announced that it has priced offering of senior convertible notes due November 15, 2016. The company said that the notes of $2.5 billion will be offered, an increase from the previously announced amount of $2 billion. The company expects to settle the sale of notes to underwriters on November 9.
Ford has granted the underwriters an option to buy an additional $375 million of notes. The company intends to use offering net proceeds for general corporate purposes.
The company stated that the notes will be convertible into common shares, cash or a combination thereof, at Ford's election. The company noted that the initial conversion rate is 107.5269 shares of Ford common stock per $1,000 of notes, which is equivalent to about $9.30 per share.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.