C.L. King Co-Manages $1 Billion Ally’s Preferred Stock Offering

C.L. King acted as Co-Manager for Ally Financial Inc in its $1,000 par PerpNC5 $1B 7.1% Fixed Rate Reset Non-Cumulative Preferred Stock, Series D. The company offered 1,000,000 depositary preferred shares (NYSE: ALLY). This issue was rated Ba2/BB-/B+.