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 5.800% Senior Notes due 2025. The offering closed on April 8, 2020.

Citigroup Global Markets Inc., Deutsche Bank Securities 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., U.S. Bancorp Investments, Inc., C.L. King & Associates, Inc., Great Pacific Securities, MFR Securities, Inc., Penserra Securities LLC and Samuel A. Ramirez & Company, Inc. acted as co-managers.

The Orrick team consisted of Capital Markets partner Brett Cooper, associates Kenneth Marx and Kelly Mink and paralegal Valerie Guillard.