Ally Financial Closes $1 Billion Series D Preferred Stock Offering

summarizeSummary

Ally Financial Inc. announced the closing of its public offering of $1 billion in 7.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D, strengthening its capital position.

check_boxKey Events · Financing and Capital Events · ALLY

• Public Offering Closed

  Ally Financial Inc. closed its public offering of 1,000,000 shares of 7.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D, on May 1, 2026.

• Significant Capital Raised

  The offering generated $990 million in net proceeds for the company, after underwriting discounts.

• Preferred Stock Terms Established

  The Series D Preferred Stock has a liquidation preference of $1,000 per share and will pay non-cumulative cash dividends at a fixed rate of 7.100% per annum until August 15, 2031, after which the rate will reset.

• Security Ranking

  The Series D Preferred Stock ranks senior to common stock and on parity with existing Series B and C preferred stock regarding dividends and liquidation.

auto_awesomeAnalysis · ALLY · Finance

Ally Financial Inc. has successfully closed its public offering of $1 billion in Series D Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. This follows the proposed offering announced on April 27, 2026, and the finalization of terms on the same day. The capital raise significantly strengthens the company's balance sheet and provides substantial funding for general corporate purposes. While preferred stock introduces a fixed dividend obligation and ranks senior to common equity in liquidation, the successful execution of such a large offering is a positive signal for the company's financial stability and access to capital markets.