Ally Financial Inc. has priced two series of its senior unsecured notes.
The company's offering of 3.850% series A term notes due Sept. 15, 2021, had a principal amount of about $3.0 million, and its offering of 4.150% series A term notes due Sept. 15, 2023, had a principal amount of $629,000.
The notes will be sold at 100% of the aggregate principal amount of the notes. Interest on the notes will be paid monthly.
The specialty finance company will issue the notes in minimum denominations of $1,000 and increments of $1,000.
The trade date for the offerings is Sept. 10 and the settlement date is Sept. 13.
Incapital LLC, Citigroup, RBC Capital Markets, Morgan Stanley and J.P. Morgan are acting as agents for the offerings.