Simpson Thacher Represents Lead Arrangers in $7.0 Billion Asset Backed Notes Facility for Ally Bank
05.04.10
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Simpson Thacher recently represented joint lead arrangers in connection with Ally Bank’s $7.0 billion asset backed variable funding facility. The facility is structured in three separate tranches, secured by auto loans, auto leases and dealer floorplan loans, respectively.
The Simpson Thacher team included Laura Palma, John Schueller, Tony McMahon, Vanessa Clark and Andrew Veit (Corporate). Paralegal Christopher Stone also provided valuable assistance.