Ford Credit Announces Redemption of Its NYSE Listed 7 3/8% Notes Due October 15, 2031, and Its 7.60% Notes Due March 1, 2032

DEARBORN, Mich., Nov. 22, 2010 /PRNewswire-FirstCall/ -- Ford Motor Credit Company today announced that on December 23, 2010 (the "Redemption Date") it intends to redeem all of its outstanding 7 3/8% Notes due October 15, 2031 (NYSE: FCZ) (the "2031 Notes") and all of its outstanding 7.60% Notes due March 1, 2032 (NYSE: FCJ) (the "2032 Notes" and, together with the 2031 Notes, the "Notes").

The redemption price for each of the Notes will be equal to 100% of the principal amount of such Notes outstanding, plus accrued and unpaid interest thereon to the Redemption Date (the "Redemption Price").

The Bank of New York Mellon is the trustee for each of the Notes and will act as the redemption agent for these transactions. The Bank of New York Mellon's address is P.O. Box 396, Attn: Debt Processing Unit (ACT), East Syracuse, NY 13057.

The 2031 Notes and the 2032 Notes will each become due and payable, at the Redemption Price, upon presentation and surrender of the respective Notes, on or after the Redemption Date at the office of the Trustee.  

The 2031 Notes (FCZ) were originally issued on October 11, 2001 and October 24, 2001 in the aggregate principal amount of $750,000,000, all of which principal amount remains outstanding. The 2032 Notes (FCJ) were originally issued on February 27, 2002 and March 7, 2002 in the aggregate principal amount of $562,500,000, all of which principal amount remains outstanding.

Holders of Notes with questions regarding the details of the redemption may call The Bank of New York Mellon Bondholder Relations Department at 1.800.254.2826.

Ford Motor Credit Company LLC is one of the world's largest automotive finance companies and has provided dealer and customer financing to support the sale of Ford Motor Company products since 1959. Ford Credit is an indirect, wholly owned subsidiary of Ford. For more information, visit www.fordcredit.com.

SOURCE Ford Motor Credit Company

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