The Firm recently represented Volvo Car Financial Services U.S., LLC, a newly created U.S. captive auto finance subsidiary of Volvo Car Corporation, in connection with the structuring of a program with Bank of America, N.A. for the origination and financing of automobile retail installment contracts and leases.
Volvo Car Corporation, founded in 1927, sold approximately 450,000 cars in over 100 countries around the world in 2011.
The Simpson Thacher team for the transaction included Laura Palma, Michael Nathan, John Schueller and Corina Gugler (Corporate); John Creed, Moshe Schwerd and Jason Vollbracht (Tax); and Elisha Graff (Restructuring and Bankruptcy).
