Davis Polk Advises Ally Financial Inc. on Its $750 Million Senior Notes Offering
9/18/2020

Davis Polk advised Ally Financial in connection with an SEC-registered issuance of $750 million aggregate principal amount of its 1.450% senior notes due 2023.

Ally Financial Inc. is a leading digital financial-services company with $184.1 billion in assets as of June 30, 2020. Ally is one of the largest full-service automotive-finance operations in the country and offers a wide range of financial services and insurance products to automotive dealerships and consumers. Ally’s award-winning online bank, Ally Bank, offers mortgage-lending, personal lending and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit and individual retirement accounts. Additionally, Ally offers securities-brokerage and investment-advisory services through Ally Invest. Ally’s robust corporate finance business offers capital for equity sponsors and middle-market companies.

The Davis Polk capital markets team included partner John B. Meade and associates Rahul K. Patel and Ernesto Talamás Velázquez. Counsel Ethan R. Goldman and Kiara L. Rankin and associate Sunny Kim provided tax advice. The financial institutions team included partner Luigi L. De Ghenghi and associate Andrew Rohrkemper. All members of the Davis Polk team are based in the New York office.