Ally Financial completed an underwritten public offering of $750 million of 5.737% Fixed-to-Floating Rate Senior Notes due 2029. The proceeds from the issuance will be used for general corporate purposes.
Ally is a digital financial services company with $193 billion in assets. One of the largest full-service automotive-finance operations in the United States, Ally offers a wide range of financial services and insurance products to automotive dealerships and consumers. Additionally, Ally offers securities-brokerage, investment-advisory services and corporate financing.
The S&C team advising Ally included Cathy Clarkin, Cameron Teschuk and Selina Keller. Eric Wang advised on tax matters. Saul Brander and Ted Danielson advised on ERISA matters. Ruby Avison and Siddhant Iyer advised on UK/EEA matters.