C.L. King Co-Manages Ally Financial’s Perpetual Preferred Stock Offering

May 25, 2021 | News

C.L. King acted as Co-Manager for Ally Financial Inc. in its $1B 4.7% perpnc7 Fixed-Rate Reset Non-Cumulative Perpetual $1,000 par Preferred Stock, Series C offering. The company offered 1,000,000 preferred shares. The issue is rated BB-/B+.