General Motors plans to sell green senior notes in two tranches

By Mary-Katherine Stinson

Lexington, Ky., July 28 – General Motors Co. plans to offer green senior notes (Baa3/BBB/BBB-) in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call some months before the maturity date followed by a par call plus interest in both cases.

Barclays, BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC. and Morgan Stanley & Co. LLC are the bookrunners.

Bank of New York Mellon is the trustee.

Counsel to the issuer is provided by King & Spalding LLP and to the underwriters by Davis Polk & Wardwell LLP.

Proceeds will be used to finance or refinance new or existing green projects, assets, or activities that meet the company’s criteria under its Sustainability Financing Framework.

General Motors is a Detroit-based automobile company.

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