Obligation Ford Credit 12% ( US345397VH30 ) en USD

Ford Credit

100 % ⇌

Etas-Unis

US345397VH30 ( en USD )

12% par an ( paiement semestriel )

15/05/2015 - Obligation échue

Prospectus brochure de l'obligation Ford Motor Credit Company US345397VH30 en USD 12%, échue

100 000 USD

1 100 000 000 USD

345397VH3

NR

NR

Ford Motor Credit Company (FMC) est une filiale de Ford Motor Company qui fournit des services de financement automobile, notamment des prêts et des locations aux consommateurs et aux concessionnaires Ford.

L'obligation US345397VH30 émise par Ford Motor Credit Company aux États-Unis, d'un montant total de 1 100 000 000 USD, avec un prix actuel de marché de 100 %, un taux d'intérêt de 12 %, une taille minimale d'achat de 100 000 USD, une maturité le 15/05/2015 et une fréquence de paiement semestrielle, est arrivée à échéance et a été remboursée, sans notation S&P ni Moody's.

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424B2 1 k26106b2e424b2.htm PROSPECTUS SUPPLEMENT
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Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-132557
PROSPECTUS SUPPLEMENT
(To Prospectus dated May 1, 2007)
$1,100,000,000
Ford Motor Credit Company LLC
12.00% Notes due May 15, 2015
The Notes will bear interest from May 5, 2008 at the rate of 12.00% per annum. Ford Credit will pay interest on
the Notes semi-annually in arrears on May 15 and November 15 of each year, beginning November 15, 2008.
Investing in the Notes involves risks. See "Risk Factors" on page S-3 of this prospectus supplement and
"Risk Factors" beginning on page 1 of the accompanying prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or
disapproved of these securities or passed upon the adequacy or accuracy of this Prospectus Supplement and the
accompanying Prospectus. Any representation to the contrary is a criminal offense.

Per Note

Total

Initial public offering price

98.834%
$ 1,087,174,000
Underwriting discounts and commissions

0.800%
$
8,800,000
Proceeds, before expenses, to Ford Credit

98.034%
$ 1,078,374,000
Interest on the Notes will accrue from May 5, 2008 and must be paid by the purchasers if the Notes are delivered
to the purchasers after that date. Ford Credit expects that delivery of the Notes will be made to investors on or about
May 5, 2008.
JPMorgan
Prospectus Supplement dated April 28, 2008
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TABLE OF CONTENTS
Prospectus Supplement

Page

Risk Factors

S-3
Description of Notes

S-3
Recent Developments

S-3
United States Taxation of Non-United States Persons

S-4
Underwriting

S-6
Legal Opinions

S-8
Independent Registered Public Accounting Firm

S-8

Prospectus
Risk Factors

1
Where You Can Find More Information

1
Information Concerning Ford Credit

2
Ford Credit Capital Trusts

3
Ratio of Earnings to Fixed Charges

4
Use of Proceeds

4
Prospectus

4
Prospectus Supplement or Term Sheet

5
Description of Debt Securities

5
Description of Warrants

21
Description of Trust Preferred Securities

22
Description of Preferred Securities Guarantees

25
Plan of Distribution

28
Legal Opinions

28
Independent Registered Public Accounting Firm

28
You should rely only on the information contained or incorporated by reference in this Prospectus
Supplement or the accompanying Prospectus. No one is authorized to provide you with different information.
The Notes are not being offered in any jurisdiction where the offer is not permitted.
You should not assume that the information in this Prospectus Supplement or the accompanying
Prospectus is accurate as of any date other than the date on the front of the documents.
S-2
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RISK FACTORS
Before purchasing any Notes, you should read carefully this prospectus supplement, the accompanying
prospectus, the documents incorporated by reference herein, including the risk factors discussions in Ford Credit's
2007 Annual Report on Form 10-K for risk factors regarding Ford and Ford Credit.
DESCRIPTION OF NOTES
This description of the terms of the Notes adds information to the description of the general terms and provisions
of debt securities in the Prospectus. If this summary differs in any way from the summary in the Prospectus, you
should rely on this summary. The Notes are part of the debt securities registered by Ford Credit in May 2007 to be
issued on terms to be determined at the time of sale.
The Notes will initially be limited to $1,100,000,000 aggregate principal amount, will be unsecured obligations
of Ford Credit and will mature on May 15, 2015. The Notes are not subject to redemption prior to maturity. The
Notes will be issued in minimum denominations of $100,000 and will be issued in integral multiples of $1,000 for
higher amounts.
Ford Credit may, from time to time, without the consent of the holders of the Notes, issue additional notes having
the same ranking and the same interest rate, maturity and other terms as the Notes. Any such additional notes will,
together with the Notes, constitute a single series of notes under the Indenture. No additional Notes may be issued if
an Event of Default has occurred with respect to the Notes.
The Notes will bear interest from May 5, 2008 at the rate of 12.00% per annum. Interest on the Notes will be
payable on May 15 and November 15, of each year (each such day an "Interest Payment Date"), commencing
November 15, 2008, to the persons in whose names the Notes were registered at the close of business on the 15th day
preceding the Interest Payment Date, subject to certain exceptions.
Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Book-Entry, Delivery and Form
The Notes will be issued in the form of one or more fully registered Global Notes (the "Global Notes") which
will be deposited with, or on behalf of, The Depository Trust Company, New York, New York (the "Depository")
and registered in the name of Cede & Co., the Depository's nominee. Notes in definitive form will not be issued,
unless the Depository notifies Ford Credit that it is unwilling or unable to continue as depository for the Global Notes
and Ford Credit fails to appoint a successor depository within 90 days or unless otherwise determined, at Ford
Credit's option. Beneficial interests in the Global Notes will be represented through book-entry accounts of financial
institutions acting on behalf of beneficial owners as direct and indirect participants in the Depository.
Initial settlement for the Notes will be made in immediately available funds. Secondary market trading between
participants of the Depository will occur in the ordinary way in accordance with Depository rules and will be settled
in immediately available funds using the Depository's Same-Day Funds Settlement System.
RECENT DEVELOPMENTS
Ford Credit reported net income of $24 million in the first quarter of 2008, down $169 million from earnings of
$193 million a year earlier. On a pre-tax basis, Ford Credit earned $36 million in
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S-3
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the first quarter, compared with $293 million a year ago. The decrease in earnings primarily reflected higher
provision for credit losses, higher depreciation expense for leased vehicles, and higher net losses related to market
valuation adjustments from derivatives. These were offset partially by lower expenses primarily related to the non-
recurrence of costs associated with Ford Credit's North American business restructuring initiative and higher
financing margin.
Based on Ford Credit's first quarter 2008 profit forecast, Ford Credit received a payment of $109 million under
the terms of the profit maintenance agreement between Ford and Ford Credit. The payment was received in the first
quarter, and Ford Credit expects to repay Ford in 2008. Ford Credit's first quarter 2008 income before income taxes
was not impacted because of the expected repayment.
UNITED STATES TAXATION OF NON-UNITED STATES PERSONS
Income and Withholding Tax
In the opinion of Shearman & Sterling LLP, special tax counsel to Ford Credit, and counsel for the Underwriters,
under United States federal tax law as of the date of this Prospectus Supplement, and subject to the discussion of
backup withholding below:

(i) payments of principal and interest on a Note that is beneficially owned by a non-United States person will
not be subject to United States federal withholding tax; provided, that in the case of interest, (x) (a) the beneficial
owner does not actually or constructively own 10% or more of the total combined voting power of all classes of
stock of Ford Credit entitled to vote, (b) the beneficial owner is not a controlled foreign corporation that is
related, directly or indirectly, to Ford Credit through stock ownership, and (c) either (A) the beneficial owner of
the Note certifies to the person otherwise required to withhold United States federal income tax from such
interest, under penalties of perjury, that it is not a United States person and provides its name and address or (B) a
securities clearing organization, bank or other financial institution that holds customers' securities in the ordinary
course of its trade or business (a "financial institution") and holds the Note certifies to the person otherwise
required to withhold United States federal income tax from such interest, under penalties of perjury, that such
statement has been received from the beneficial owner by it or by a financial institution between it and the
beneficial owner and furnishes the payor with a copy thereof; (y) the beneficial owner is entitled to the benefits of
an income tax treaty under which the interest is exempt from United States federal withholding tax and the
beneficial owner of the Note or such owner's agent provides an IRS Form W-8BEN claiming the exemption; or
(z) the beneficial owner conducts a trade or business in the United States to which the interest is effectively
connected and the beneficial owner of the Note or such owner's agent provides an IRS Form W-8ECI; provided
that in each such case, the relevant certification or IRS Form is delivered pursuant to applicable procedures and is
properly transmitted to the person otherwise required to withhold United States federal income tax, and none of
the persons receiving the relevant certification or IRS Form has actual knowledge that the certification or any
statement on the IRS Form is false;

(ii) a non-United States person will not be subject to United States federal income or withholding tax on any
gain realized on the sale, exchange or redemption of a Note unless the gain is effectively connected with the
beneficial owner's trade or business in the United States or, in the case of an individual, the holder is present in
the United States for 183 days or more in the taxable year in which the sale, exchange or redemption occurs and
certain other conditions are met; and

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(iii) a Note owned by an individual who at the time of death is not a citizen or resident of the United States
will not be subject to United States federal estate tax as a result of such individual's death if the individual does
not actually or constructively own 10% or more of the
S-4
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total combined voting power of all classes of stock of Ford Credit entitled to vote and the income on the Note
would not have been effectively connected with a U.S. trade or business of the individual.
If a beneficial owner or holder of a Note is a non-United States partnership, the non-United States partnership
will be required to provide an IRS Form W-8IMY, and unless it has entered into a withholding agreement with the
IRS, to attach an appropriate certification obtained from each of its partners.
Interest on a Note that is effectively connected with the conduct of a trade or business in the United States by a
holder of a Note who is a non-United States person, although exempt from United States withholding tax, may be
subject to United States income tax as if such interest was earned by a United States person. In addition, if such
holder is a non-United States corporation, it may be subject to a branch profits tax at a rate of 30% (or such lower
rate provided by an applicable income tax treaty) of its annual earnings and profits that are so effectively connected,
subject to specific adjustments.
Backup Withholding and Information Reporting
In general, information reporting requirements will apply to certain payments of principal and interest made on a
Note and the proceeds of the sale of a Note within the United States to non-corporate holders of the Notes, and
"backup withholding" (currently at a rate of 28%) will apply to such payments if the holder fails to provide an
accurate taxpayer identification number in the manner required or to report all interest and dividends required to be
shown on its federal income tax returns.
Information reporting on IRS Form 1099 and backup withholding will not apply to payments made by Ford
Credit or a paying agent to a non-United States person on a Note if, in the case of interest, the IRS Form described in
clause (y) or (z) in Paragraph (i) under "Income and Withholding Tax" has been provided under applicable
procedures, or, in the case of interest or principal, the certification described in clause (x)(c) in Paragraph (i) under
"Income and Withholding Tax" and a certification that the beneficial owner satisfies certain other conditions have
been supplied under applicable procedures, provided that the payor does not have actual knowledge that the
certifications are incorrect.
Payments of the proceeds from the sale of a Note made to or through a foreign office of a broker will not be
subject to information reporting or backup withholding, except that if the broker is a United States person, a
controlled foreign corporation for United States tax purposes, a foreign person 50% or more of whose gross income
is effectively connected with a United States trade or business for a specified three-year period, a foreign partnership
with specific connections to the United States, or, a United States branch of a foreign bank or foreign insurance
company, information reporting may apply to such payments. Payments of the proceeds from the sale of a Note to or
through the United States office of a broker are subject to information reporting and backup withholding unless the
holder or beneficial owner certifies that it is a non-United States person and that it satisfies certain other conditions or
otherwise establishes an exemption from information reporting and backup withholding.
Backup withholding is not a separate tax, but is allowed as a refund or credit against the holder's United States
federal income tax, provided the necessary information is furnished to the Internal Revenue Service.
Interest on a Note that is beneficially owned by a non-United States person will be reported annually on IRS
Form 1042S, which must be filed with the Internal Revenue Service and furnished to such beneficial owner.
S-5
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UNDERWRITING
Ford Credit is selling the Notes to the Underwriter named below under an Underwriting Agreement dated April 3,
2006 and related Pricing Agreement dated April 28, 2008. The Underwriter and the amount of Notes it has agreed to
purchase from Ford Credit is as follows:

Principal Amount
Underwriter

of Notes

J.P. Morgan Securities Inc.

$
1,100,000,000

Total

$
1,100,000,000

Under the terms and conditions of the Underwriting Agreement and the related Pricing Agreement, if the
Underwriter takes any of the Notes, then it is obligated to take and pay for all of the Notes.
The Underwriter has advised Ford Credit that it proposes initially to offer all or part of the Notes directly to
purchasers at the initial public offering price set forth on the cover page of this Prospectus Supplement. After the
Notes are released for sale to the public, the offering price and other selling terms with respect to the Notes may from
time to time be varied by the Underwriter.
The Notes are a new issue of securities with no established trading market. Ford Credit has been advised by the
Underwriter that it intends to make a market in the Notes, but it is not obligated to do so and may discontinue such
market-making at any time without notice. No assurance can be given as to the liquidity of the trading market for the
Notes.
In connection with the offering, the Underwriter may engage in transactions that stabilize, maintain or otherwise
affect the price of the Notes. Specifically, the Underwriter may over-allot in connection with the offering, creating a
short position with respect to the Notes. In addition, the Underwriter may bid for, and purchase, Notes in the open
market to cover any short position or to stabilize the price of the Notes. Any of these activities may stabilize or
maintain the market price of the Notes above independent market levels. The Underwriter is not required to engage
in these activities, and may end any of these activities at any time.
No Public Offering Outside the United States
No action has been or will be taken in any jurisdiction outside of the United States of America that would permit
a public offering of the Notes, or the possession, circulation or distribution of this prospectus supplement or any
material relating to Ford Credit, in any jurisdiction where action for that purpose is required. Accordingly, the Notes
included in this offering may not be offered, sold or exchanged, directly or indirectly, and neither this prospectus
supplement or any other offering material or advertisements in connection with this offering may be distributed or
published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations
of any such country or jurisdiction.
European Economic Area
In relation to each Member State of the European Economic Area (EEA) which has implemented the EU
prospectus directive, as defined below (each, a relevant member state), with effect from and including the date on
which the prospectus directive is implemented in that relevant member state (the relevant implementation date) the
Notes will not be offered to the public in that relevant member state prior to the publication of a prospectus in
relation to the Notes which has been approved by the competent authority in that relevant member state or, where
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