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Ally Financial to sell benchmark five-year notes offering Wednesday
By Aleesia Forni
Virginia Beach, Jan. 22 - Ally Financial Inc. (B1/BB/BB) is planning to price a benchmark five-year offering of senior guaranteed notes on Wednesday, according to market sources and a 424B5 filed with the Securities and Exchange Commission.
Morgan Stanley & Co. LLC will bill and deliver, with Barclays, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. as the joint bookrunners.
The Detroit-based automotive lender plans to use the proceeds for general corporate purposes and the redemption of outstanding debt securities.
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