New Issue: Ally Financial prices $750 million 4 1/8% five-year notes at 98.888 to yield 4 3/8%

By Paul A. Harris

Portland, Ore., March 25 – Ally Financial Inc. priced a $750 million issue of non-callable 4 1/8% five-year senior notes at 98.888 to yield 4 3/8% on Wednesday, according to a prospectus filed with the Securities and Exchange Commission.

Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC were the bookrunners.

Ally is a Detroit-based automotive lender and online banking company.

Issuer:	Ally Financial Inc.
Face amount:	$750 million
Proceeds:	$742 million
Maturity:	March 30, 2020
Securities:	Senior notes
Bookrunners:	Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC
Co-managers:	BMO Capital Markets Corp., CIBC World Markets Corp., Lloyds Securities Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments Inc., Blaylock Beal Van LLC, CastleOak Securities LP, Drexel Hamilton LLC, Lebenthal & Co. LLC, Mischler Financial Group Inc.
Coupon:	4 1/8%
Price:	98.888
Yield:	4 3/8%
Spread:	296.1 bps
Call protection:	Non-callable
Trade date:	March 25
Settlement date:	March 30
Ratings:	Standard & Poor's: BB+
	Fitch: BB+
Distribution:	SEC registered
Marketing:	Quick to market

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