Ford 2013 Annual Report Download - page 118

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116 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 15. DEBT AND COMMITMENTS (Continued)
Automotive Sector
Public Unsecured Debt Securities
Our public, nonconvertible unsecured debt securities outstanding were as follows (in millions):
Aggregate Principal Amount
Outstanding
Title of Security
December 31,
2013
December 31,
2012
4 7/8% Debentures due March 26, 2015 $165 $160
6 1/2% Debentures due August 1, 2018 361 361
8 7/8% Debentures due January 15, 2022 86 86
6.55% Debentures due October 3, 2022 (a) (e) — 15
7 1/8% Debentures due November 15, 2025 209 209
7 1/2% Debentures due August 1, 2026 193 193
6 5/8% Debentures due February 15, 2028 104 104
6 5/8% Debentures due October 1, 2028 (b) 638 638
6 3/8% Debentures due February 1, 2029 (b) 260 260
5.95% Debentures due September 3, 2029 (a) (e) — 8
6.15% Debentures due June 3, 2030 (a) (e) — 10
7.45% GLOBLS due July 16, 2031 (b) 1,794 1,794
8.900% Debentures due January 15, 2032 151 151
9.95% Debentures due February 15, 2032 4 4
5.75% Debentures due April 2, 2035 (a) 40 40
7.50% Notes due June 10, 2043 (c) — 593
7.75% Debentures due June 15, 2043 73 73
7.40% Debentures due November 1, 2046 398 398
9.980% Debentures due February 15, 2047 181 181
7.70% Debentures due May 15, 2097 142 142
4.75% Notes due January 15, 2043 2,000 —
Total public unsecured debt securities (d) $ 6,799 $ 5,420
__________
(a) Unregistered industrial revenue bonds.
(b) Listed on the Luxembourg Exchange and on the Singapore Exchange.
(c) Listed on the New York Stock Exchange; this debt was redeemed as of February 4, 2013.
(d) Excludes 9.215% Debentures due September 15, 2021 with an outstanding balance at December 31, 2013 of $180 million. The proceeds from
these securities were on-lent by Ford to Ford Holdings to fund Financial Services activity and are reported as Financial Services debt.
(e) Redeemed as of November 25, 2013.
Convertible Notes
At December 31, 2013, we had outstanding $883 million and $25 million principal amount of 4.25% Senior Convertible
Notes due November 15, 2016 (“2016 Convertible Notes”) and December 15, 2036 (“2036 Convertible Notes”),
respectively.
Subject to certain limitations relating to the price of Ford Common Stock, the 2016 Convertible Notes are convertible
into shares of Ford Common Stock, based on a conversion rate (subject to adjustment) of 112.8203 shares per
$1,000 principal amount of 2016 Convertible Notes (which is equal to a conversion price of $8.86 per share). Upon
conversion of the 2016 Convertible Notes, we have the right to deliver, in lieu of shares of Ford Common Stock, either
cash or a combination of cash and Ford Common Stock. We may terminate the conversion rights of holders under the
2016 Convertible Notes at any time on or after November 20, 2014 if the closing price of Ford Common Stock exceeds
130% of the then-applicable conversion price for 20 trading days during the consecutive 30-trading-day period prior to
notice of termination.