Davis Polk, Shearman sort out Ford debt

Davis Polk & Wardwell and Shearman & Sterling are advising on Ford Motor Company’s debt restructuring.

Davis Polk partners Donald Bernstein, Michael Kaplan and Larry Wieman are advising Ford. Ford Credit will offer $1.3bn (£920m) for unsecured Ford bonds and $500m (£352.95m) for secured loan debt. Shearman partners Lisa Jacobs, Michael Benjamin and Peter Blessing are advising the banks.