Shearman & Sterling advised Jaguar Land Rover on its $500 million senior notes offering. The notes pay interest at a rate of 4.500% per annum due 2027.

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.

This is the 11th such offering for the company. Shearman & Sterling has advised Jaguar Land Rover on all of its previous high yield bonds, including its £1 billion equivalent fixed-rate high yield bond offering in May 2011; $700 million fixed-rate high yield bond offering in December 2013 and its €650 million fixed-rate high yield bond offering in January 2017.

The Team