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


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.

Barclays Capital Inc., 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.