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Ally Financial offers single tranche of fixed-rate notes
Chicago, Nov. 7 – Ally Financial Inc. is offering a single tranche of notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday morning.
The notes will be callable with a make-whole premium starting six months after the notes are issued. Starting a number of days before the maturity date, the notes will be callable at par.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC are joint bookrunners.
Bank of New York Mellon will be the trustee.
Sullivan & Cromwell LLP is working as counsel for Ally. Orrick, Herrington & Sutcliffe LLP has been hired as counsel by the bookrunners.
Proceeds will be used for general corporate purposes.
Ally is a financial services company based in Detroit.
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