Tata Motors Passenger Vehicles Ltd.

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Large Cap | Automobiles - Passenger Cars
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Tata Motors’ arm launches $400 million Senior Notes offering

Date: 23-01-2013

Tata Motors’ subsidiary - Jaguar Land Rover Automotive plc, the parent company of the Jaguar Land Rover group of companies has offered $400 million Senior Notes due 2023. The notes will be guaranteed on a senior unsecured basis by Jaguar Land Rover, Land Rover, Jaguar Land Rover North America, LLC, Land Rover Exports and Jaguar Land Rover Exports.

The net proceeds from the issuance and sale of the Notes will be used for general corporation purposes including supporting Jaguar Land Rover's on-going growth and capital spending plans.