Orrick Advises on Ally Financial’s $750 Million Debt Offering

May.21.2019

Orrick represented the underwriters in the offering by Ally Financial Inc., a leading digital financial-services company, of $750 million aggregate principal amount of its 3.875% Senior Notes due 2024. The offering closed on May 21, 2019.

A Global Financial Institution (U.K.), Citigroup Global Markets Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering. Lloyds Securities Inc., Scotia Capital (USA) Inc., Academy Securities, Inc., Drexel Hamilton, LLC, Mischler Financial Group, Inc., R. Seelaus & Co., LLC and The Williams Capital Group, L.P. acted as co-managers.

The Orrick team consisted of Capital Markets partners Brett Cooper and Bill Hughes, counsel Lynne Hirata and associates Kenneth Marx and Ahalya Hildreth, among others.