Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > The Pub
Reload this Page Ford to buy back 2.7B Debt
Register FAQ Calendar

The Pub For General Automotive Related Talk

Reply
 
Thread Tools Display Modes
Old 05-03-2009, 11:50 AM   #1
ltd
Force Fed Fords
 
ltd's Avatar
 
Join Date: Aug 2005
Location: Enroute
Posts: 4,050
Default Ford to buy back 2.7B Debt
This story, taken from news.com.au

Quote:
Ford to buy back $2.7 billion in debt amid restructuring
From correspondents in Chicago
Agence France-Presse
March 05, 2009 09:22am

FORD announced it would buy back $US1.8 billion ($2.7 billion) in debt amid a restructuring of its obligations aimed at reducing interest expenses.
The car maker also offered to pay a cash premium to induce bond holders to convert $US4.88 billion in debt for shares of Ford's common stock.

"The debt restructuring plan we are announcing today is a critical step in Ford's overall transformation,'' Ford President and CEO Alan Mulally said.

"We are continuing to work with all of our stakeholders - including employees, dealers and suppliers - to secure Ford's future in this difficult economic environment.''
Said it before and I'll say it again, Ford is in good hands with Alan Mulally the Boeing guru.

__________________
If brains were gasoline, you wouldn't have enough to power an ants go-cart a half a lap around a Cheerio - Ron Shirley


Quote:
Powered by GE
ltd is offline   Reply With Quote Multi-Quote with this Post
Old 05-03-2009, 12:01 PM   #2
mrbaxr6t
FF.Com.Au Hardcore
 
mrbaxr6t's Avatar
 
Join Date: Jun 2008
Posts: 1,505
Default
wow, if they gonna buy debt this implies they have the cash to do so - good show :

looks like they are "going better"
__________________
Phantom, T56, leather and sunroof BAmk1 :yeees:

Holden special vehicles - for special people
mrbaxr6t is offline   Reply With Quote Multi-Quote with this Post
Old 05-03-2009, 12:32 PM   #3
dom_105
FF.Com.Au Hardcore
 
Join Date: Aug 2006
Location: St Kilda
Posts: 522
Default
Good to have a safe set of hands at the wheel in rough times.
dom_105 is offline   Reply With Quote Multi-Quote with this Post
Old 05-03-2009, 12:36 PM   #4
JPFS1
FF.Com.Au Hardcore
 
JPFS1's Avatar
 
Join Date: Dec 2004
Posts: 2,504
Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: Thoughtful contributions to our community. 
Default
Quote:
Originally Posted by mrbaxr6t
wow, if they gonna buy debt this implies they have the cash to do so - good show :

looks like they are "going better"
doesn't necessarily mean that they have spare cash laying about to buy back this debt. It could just be that he's negotiated a better finance package enabling them to buy this debt, rolling it into a better deal.

All in all, Ford are in good shape (relatively) and will live through the storm.
JPFS1 is offline   Reply With Quote Multi-Quote with this Post
Reply

« Previous Thread | Next Thread »

Forum Jump


All times are GMT +11. The time now is 08:22 AM.

Australian Ford Forums - Privacy Statement - Terms of Service - Top

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL