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Ford Motor Credit to Sell Debt Securities Over Time

April 24, 2002

Ford Motor Co.'s financing unit filed on April 24 with the Securities and Exchange Commission to sell over time an undisclosed amount of debt securities, warrants and preferred securities.

Ford Motor Credit Co., which provides wholesale financing and capital loans to Ford retail dealerships and makes loans to vehicle leasing companies, plans to use the net proceeds to buy receivables, make loans and retire debt, it said in a shelf registration filing.

Under such a filing, a company may sell securities from time to time in one or more separate offerings in amounts, at prices and on terms to be determined at the time of sale.

Ford did not disclose a dollar amount in the filing but could do so later in an amended one.

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