Shearman & Sterling represented Jaguar Land Rover Automotive plc (“Jaguar Land Rover”) on its offering of $500 million fixed rate high yield bonds due 2020. Jaguar Land Rover Automotive plc, an indirectly-owned subsidiary of Indian-owned Tata Motors Limited (India), bought luxury carmakers Jaguar Land Rover Limited and Land Rover in 2008.

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 to repurchase certain of its existing notes. Any remaining proceeds will be used for general corporate purposes.

This is the eighth such offering for the company. The firm also advised the company on its:

• £1 billion equivalent fixed rate high yield bond offering in May 2011
• £500 million fixed rate high yield bond offering in March 2012
• $500 million fixed rate high yield bond offering in January 2013
• $700 million fixed rate high yield bond offering in December 2013
• £400 million fixed rate high yield bond offering in January 2014
• $500 million fixed rate high yield bond offering in October 2014
• £400 million fixed rate high yield bond offering in February 2015.