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Author: JustMee01 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18154  
Subject: Re: Ford Refi Date: 1/3/2013 4:15 PM
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Proceeds are for buying back costlier debts and to make voluntary payments to its pension plan.

I wonder if that statement has something to do with the $0.50 drop in F-A shares, even as common rallies.

They have higher coupon issues than F-A, so it could be ignored, even if Ford were to call some debt. I've been expecting more calls for a while now, but few have materialized. A substantial portion of Ford's automotive debt is uncallable, but there are some notably high coupon exceptions that would be worth taking out. I guess the combo of high pension obligations and capex needs in EasternEurope and Asia put them on hold.

This line may be a signal that they're thinking about taking more out. It would be wise to refi it while rates are low. I hope they do more.

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