Ally Financial Inc. is offering an undisclosed amount of its 2.650% senior notes due Aug. 15, 2022, and its 2.800% senior notes due Aug. 15, 2024.
The fixed notes will trade Aug. 26 and will settle Aug. 29. These will be callable at 100% on Aug. 15, 2020, and monthly thereafter with 30 calendar days notice. Interest on the notes will be paid monthly starting Sept. 15.
The company also priced its offering of 2.750% and 2.900% senior unsecured notes, expecting net proceeds of about $1.3 million for the 2.750% notes and $209,379 for the 2.900% notes.
Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley and J.P. Morgan are the agents for the offering.
