Ford Motor Credit Co. plans to issue an asset-backed securitization from its Ford credit floorplan master trust, according to a shelf registration filed with the U.S. Securities and Exchange Commission.
The deal, which has not been sized yet, will obe structured with two tranches of class A notes; one tranche of class B notes; class C notes and class D notes.
The primary asset of the trust is a revolving pool of receivables originated in connection with the purchase and financing of new and used car, truck and utility vehicle inventory by motor vehicle dealers.