Ally Financial to sell fixed-rate senior notes via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., June 6 – Ally Financial Inc. intends to price an offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

The notes have a make-whole call starting six months from issuance and then a par call a number of days before the maturity date.

Barclays, BofA Securities, Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are the bookrunners.

Legal counsel will be provided by Sullivan & Cromwell LLP for Ally. Orrick, Herrington & Sutcliffe LLP will advise the bookrunners.

Proceeds will be used for general corporate purposes. Pending the application of the proceeds, they may be used to invest in short-term securities.

Ally is a financial services company based in Detroit.

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