trending Market Intelligence /marketintelligence/en/news-insights/trending/qFI9vgRMgitgRI6WD-6-sw2 content esgSubNav
In This List

Ally Financial to sell additional notes to underwriters

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Ally Financial to sell additional notes to underwriters

Ally FinancialInc. entered into underwriting agreements with Barclays CapitalInc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., MerrillLynch Pierce Fenner & Smith Inc. and RBC Capital Markets LLC, as the namedunderwriters' representatives.

Pursuant to the agreements, the company agreed to sell tothe underwriters an additional $300 million aggregate principal amount of its5.750% subordinated notes due2025 and $600 million aggregate principal amount of 4.250% seniornotes due 2021, the company said in two separate Form 8-Ks filed April 11.

The agreements contain customary representations, warrantiesand covenants of Ally Financial, conditions to closing, indemnificationobligations of the company and the underwriters, and termination and othercustomary provisions.