Legal DealFolio - Asset-Backed Credit Facilities for Ally Financial Inc. and Ally Bank

Simpson Thacher recently represented the lenders in connection with the refinancing of $15.0 billion of asset backed credit facilities for Ally Financial Inc. and its subsidiary bank, Ally Bank. Ally Financial and one of its Canadian subsidiaries can finance up to $7.5 billion of auto loans, auto leases and dealer floorplan loans originated in the United States and Canada under one of the facilities, and Ally Bank can finance up to $7.5 billion of auto loans, auto leases and dealer floorplan loans originated in the United States under the other facility. Half of the commitments under each facility have a 364-day term and the other half a two-year term. Ally Financial is one of the world's largest automotive financial services companies. The Simpson Thacher team included Laura Palma, John Schueller, Ursula Mackey, Viktor Sapezhnikov, Kuang-Wei Chueh and Karen Wang (Corporate). Paralegals Nicole Annunziato and Alexandra McNicholas also provided valuable assistance.

Deal Date:	07-04-2011	Practice Area:	Debt Capital Markets
Deal Title:	Asset-Backed Credit Facilities for Ally Financial Inc. and Ally Bank	Industry:	Financial Services
Description:	Simpson Thacher recently represented the lenders in connection with the refinancing of $15.0 billion of asset backed credit facilities for Ally Financial Inc. and its subsidiary bank, Ally Bank. Ally Financial and one of its Canadian subsidiaries can finance up to $7.5 billion of auto loans, auto leases and dealer floorplan loans originated in the United States and Canada under one of the facilities, and Ally Bank can finance up to $7.5 billion of auto loans, auto leases and dealer floorplan loans originated in the United States under the other facility. Half of the commitments under each facility have a 364-day term and the other half a two-year term. Ally Financial is one of the world's largest automotive financial services companies. The Simpson Thacher team included Laura Palma, John Schueller, Ursula Mackey, Viktor Sapezhnikov, Kuang-Wei Chueh and Karen Wang (Corporate). Paralegals Nicole Annunziato and Alexandra McNicholas also provided valuable assistance.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Investor	Law Firm	Simpson Thacher
Assets Jurisdiction	United States	Issuer Jurisdiction	United States
Classification:	Securitisation and Structured Finance Auto Loans Securitisation and Structured Finance Dealer Floorplan	Lawyer	Laura Palma

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers