Shearman & Sterling represented Jaguar Land Rover Automotive plc (“Jaguar Land Rover”) on its offering of $500 million fixed rate high yield bonds due 2019. 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. The proceeds of the bond sale will be used for general corporate purposes, including to support Jaguar Land Rover’s ongoing growth and capital spending plan.
The Shearman & Sterling team of lawyers in the firm’s London and Washington, DC offices included capital markets partner Apostolos Gkoutzinis and associates Randy Nahlé, Gordon Houseman, Rainer Adlhart, and Saif Alaqili; tax partner Kristen Garry, counsel Simon Letherman, associates Judy Fisher and Jack Prytherch, and trainee Sarah Moir-Porteous; and counsel Mehran Massih, who advised on environmental aspects.
Source: www.shearman.com
