10 Mar JLR Proposed Offering of Senior Notes
(Oilandgaspress) – Jaguar Land Rover Automotive plc (the “Issuer” or “JLR”), the parent company of the JLR group of companies and a subsidiary of Tata Motors Passenger Vehicles Limited (“TMPVL”), has mandated a syndicate of banks to arrange on its behalf a series of virtual fixed income investor meetings commencing 10 March 2026. An offering of USD‑denominated senior notes in up to two series, with a 3‑year and/or 5‑year tenor, respectively (together, the “Notes”), may follow, subject to market conditions.
The Issuer intends to use the net proceeds from the issue and sale of the Notes for general corporate purposes, including refinancing, refunding or replacing certain existing or future indebtedness. The Notes are expected to be guaranteed (the “Guarantees”) on a senior unsecured basis by Jaguar Land Rover Limited and Jaguar Land Rover Holdings Limited (collectively, the “Guarantors”). The tenor and other terms of the Notes may change and there can be no assurance that the offering of the Notes will be completed.
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