C.L. King Co-Manages $1.58 Billion Ford Motor Credit ABS

C.L. King acted as Co-Manager for Ford Motor Credit Company LLC in its $1.58B Ford Prime Auto Loan 2022-C ABS transaction.

The transaction included $304.7M 3.633% Class A-1 notes due 10/15/23, $319M 4.567% Class A-2a notes due 4/15/25, $200M Floating Rate Class A-2b notes due 4/15/25.

Additionally, $519M 4.525% Class A-3 notes due 12/15/26, $157.2M 4.642% Class A-4 notes due 12/15/27, $47.4M 5.084% Class B notes due 2/15/28, and $31.8M 5.284% Class C notes due 3/15/26.

The Class A-1 notes were rated P-1/A-1+, the Class A-2 and A-3 notes were rated Aaa/AAA, the Class B notes were rated Aa1/AA, and the Class C notes were rated A1/A.