General Motors Co. (NYSE: GM) announced today the pricing of three series of senior unsecured notes for a total of $2.1 billion. These notes include $450 million of floating rate notes due in 2021, $750 million of 5.0 percent notes due in 2028 and $900 million of 5.95 percent notes due in 2049. The offering is expected to settle on Sept. 10, 2018.
GM intends to use the net proceeds from the sale of the notes to refinance maturing debt, pre-fund certain mandatory contributions for its United Kingdom and Canada pension plans due in 2019 through 2021, and for other general corporate purposes.
GM has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the SEC for this offering. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents GM has filed with the SEC for more complete information about GM and this offering. The documents are available for free by visiting EDGAR on the SEC website at sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by contacting the joint book-running managers:
Barclays Capital Inc.
Attention: Prospectus Department, c/o Broadridge Financial Solutions
1155 Long Island Avenue, Edgewood, NY 11717
888-603-5847
barclaysprospectus@broadridge.com
Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street, New York, NY 10005
800-503-4611
prospectus.CPDG@db.com
SG Americas Securities, LLC
Attention: Prospectus Management
480 Washington Blvd, 20th Floor, Jersey City, NJ 07310
800-861-9789
US-SGSS-MARGIN@Sgcib.com
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.
SOURCE: GENERAL MOTORS
