Last year Ford Motor Company posted its biggest loss ever — $12.7 billion — and watched its market share and credit ratings plummet. But the nation’s fifth-largest company still expects deferential treatment from Wall Street. For more than three months last fall, Weil, Gotshal & Manges’ Daniel Dokos had the unenviable job of reminding the car maker that its days of dictating terms are over.
- Dealmakers: Corporate Debt
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Dokos, 49, represented the three lead banks that arranged an $18.485 billion syndicated loan for Ford — the largest leveraged loan ever. It gives Ford time to execute a turnaround plan that the automaker says will get it back into the black by 2009. And for the banks — longtime Ford financial advisers J.P. Morgan Securities Inc., Citigroup Global Markets Holdings Inc. and Goldman Sachs Credit Partners L.P. — the loan was a chance to secure credit lines they had already extended to Ford.
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