-6.05 (-1.76%) Jaguar Land Rover Automotive plc (JLR) (the Issuer), the parent company of the Jaguar Land Rover group of companies and a subsidiary of Tata Motors, has fixed the pricing of $500 million Senior Notes due 2023 at a coupon of 5.625% per annum (the Notes).
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 Guarantors).
The net proceeds from the issuance and sale of the Notes will be used for general corporate purposes, including supporting Jaguar Land Rover’s on-going growth and capital spending plans.