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Ally Financial files automatic shelf

Ally Financial Inc. filed an automatic shelf registration statement for the sale of an unspecified amount of term notes due from nine months to 30 years from the date of issue.

The company plans to add the proceeds from the sale of the notes to its general funds. Such funds are expected to be used for general corporate purposes, including the purchase of receivables, the making of loans, debt repayment or repurchase, the reduction of short-term borrowings or for investment in short-term securities.

Incapital LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets LLC are acting as agents for the offerings.