Ford Motors Restructuring – Davis Polk Advises Ford Motor Company on Its Debt Restructuring – US Legal Newswire

LAWFUEL.COM – Legal Announcements – March 4, 2009

Davis Polk & Wardwell is advising Ford Motor Company on its debt restructuring plans announced earlier today, including a conversion offer for any and all of its outstanding convertible debt and tender offers by Ford Motor Credit Company for Ford’s outstanding unsecured bonds and senior secured term loans. Ford is offering to exchange common stock and cash for any and all of its $4.88 billion of convertible notes. Ford Credit is launching a $1.3 billion cash tender offer for Ford unsecured bonds and a $500 million cash tender offer for Ford secured term loans.

The Davis Polk corporate team includes partners Donald S. Bernstein, Michael Kaplan and Lawrence E. Wieman and associates Amber D. Derryberry, Molly C. Breyfogle, Kenneth Charles Piercy, Eilleen J. Park and E. Ashley Harris. The tax team includes partner Kathleen L. Ferrell and associates Joshua Ruland and Matthew Kohley (not yet admitted). The legal assistant is Eliot M. Beck. All members of the Davis Polk team are based in the New York office.

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