Ford Takes Out $3B Loan Amid Tariff Uncertainty

Ford takes out $3B loan amid tariff uncertainty

The unsecured loan signals confidence from lenders, although the automaker’s current credit rating indicates its business is vulnerable to adverse economic conditions.

Ford renews UKEF support on £1bn loan

UK Export Finance (UKEF) is partially guaranteeing a £1bn loan to Ford, as the UK government seeks to bolster an automotive sector under pressure from low-cost competitors and US tariffs.   Citi is the sole co-ordinator and agent on the loan, which has been syndicated to other lenders. UKEF says it does not have permission to name the other banks on the deal.   UKEF is covering 80% of the facility through an export development guarantee, a produ…

Ford secures $3B line of credit amid fluctuating environment

(TNS) Ford Motor Co. has secured a $3 billion line of credit ahead of another tariff deadline on Friday and amid shifting policy around fuel economy regulations.