Shearman And Sterling

News January 24, 2017

Shearman & Sterling Advises Jaguar Land Rover on £300 Million High-Yield Bond Offering

Shearman & Sterling advised Jaguar Land Rover Automotive plc on its offering of £300 million 2.75% senior notes due 2021. This offering comes a week after Jaguar Land Rover’s first euro-denominated offering and was priced at the most competitive coupon rate Jaguar Land Rover has obtained to date for a sterling-denominated offering.

The high yield senior notes are unsecured and guaranteed by Jaguar Land Rover Limited and Jaguar Land Rover Holdings Limited. Jaguar Land Rover intends to use the proceeds for general corporate purposes, including to support its ongoing growth and capital-spending plans.

The Team