25 04 2016

Ally Financial's Two Notes Offerings for an aggregated value of $900 Million

Cahill represented Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offerings of $600,000,000 aggregate principal amount of 4.250% Senior Notes due 2021, and $300,000,000 aggregate principal amount of 5.750% Subordinated Notes due 2025 by Ally Financial Inc.


Proceeds from both offerings were used for general corporate purposes. Ally Financial Inc., a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States. The company, led by Jeffrey J. Brown, Christopher A. Halmy, Diane E. Morais, Timothy M. Russi and William B. Solomon Jr., is based in Detroit. Cahill represented the underwriters with a team including James J. Clark (Picture), Noah B. Newitz, Paul Kang, Jr., Ross Sturman, Sarah E. Turney and C. Anthony Wolfe IV   Involved fees earner: James Clark - Cahill Gordon & Reindel; Noah Newitz - Cahill Gordon & Reindel; Paul Kang - Cahill Gordon & Reindel; Ross Sturman - Cahill Gordon & Reindel; Sarah Turney - Cahill Gordon & Reindel; Anthony Wolfe - Cahill Gordon & Reindel;

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