Orrick Advises on Ally Financial’s $800 Million Debt Offering


Orrick represented the underwriters in the offering by Ally Financial Inc., a leading digital financial services company, of $800 million aggregate principal amount of its 3.050% Senior Notes due 2023. The offering closed on June 3, 2020.

A Global Financial Institution (U.K.), Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering. Lloyds Securities Inc., Raymond James & Associates, Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., Academy Securities, Inc., AmeriVet Securities, Inc., Blaylock Van, LLC, Multi-Bank Securities, Inc. and R. Seelaus & Co., LLC acted as co-managers.

The Orrick team consisted of capital markets partner Brett Cooper, associates Kenneth Marx and Kelly Mink and paralegal Valerie Guillard Hein.