Ally Financial Inc. Files Preliminary Prospectus Supplement for Fixed-to-Floating Rate Senior Notes

Overview of Offering

Ally Financial Inc. filed a preliminary prospectus supplement (Form 424B5) to offer Fixed-to-Floating Rate Senior Notes under registration statement No. 333-290659.

Key Terms and Structure

• Issuer: Ally Financial Inc.
• Security: Fixed-to-Floating Rate Senior Notes
• Interest Mechanism:
  • Initial Fixed Rate Period: Interest payable semi-annually in arrears on a 30/360 day count basis.
  • Floating Rate Period: Converts to a floating coupon based on Compounded SOFR plus an agreed spread, payable quarterly in arrears.
• Ranking: Unsubordinated unsecured obligations of Ally Financial Inc., ranking equally with existing and future senior unsecured debt, and structurally subordinated to subsidiary obligations and deposits at Ally Bank.
• Optional Redemption: Callable at Ally's option subject to make-whole provisions prior to the par call window.

Underwriters & Syndicate

• Joint Book-Running Managers: BofA Securities, J.P. Morgan, TD Securities, Wells Fargo Securities.

Use of Proceeds

Proceeds from the offering are intended for general corporate purposes.