The Largest Secured Loan in History?
Perhaps Antonio and Shylock from the Merchant of Venice have something to say on the matter, but maybe the Ford refinancing package announced today makes Ford the biggest secured loan customer in history.
Of a total amount borrowed of $18 billion, Ford have secured $15 billion of it on assets. They’ve secured it on manufacturing plants, various other real estate, some intellectual property, some or all of the stock in its subsidiaries and on some intercompany payables.
Ford are said to have around 100 manufacturing plants worldwide and employ 300,000 people to make Aston Martins, Fords, Jaguars, Land
Rovers, Lincolns, Mazdas, Mercurys and Volvos.
I wonder who got the commission?
