Item 8.01 Other Events.
On November 16, 2020, Ally Financial Inc. ("Ally") provided notice to The
Northern Trust Company, in its capacity as processing agent for Ally's Variable
Denomination Adjustable Rate Demand Notes (the "Demand Notes") program, that
Ally intends to terminate the Demand Notes program and redeem in full all
outstanding Demand Notes as of February 26, 2021. In connection with the
termination and redemption, Ally will terminate its processing agent agreement
with The Northern Trust Company.
The current aggregate principal amount of outstanding Demand Notes held by
investors that are not wholly-owned subsidiaries of Ally Financial Inc. is
approximately $2.5 billion and the interest rate is determined on a weekly basis
and may vary based on outstanding account balance. Holders of Demand Notes may
continue to demand repayment of Demand Notes at any time in advance of the
redemption by Ally, as permitted under the terms of the Demand Notes.

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