General Motors reports tenders for exchange of €100,000 of notes in Italian offer

By Jennifer Chiou

New York, May 15 - General Motors Corp. announced the preliminary results of its public exchange offer in Italy.

The withdrawal deadline and expiration date for the exchange offer and consent solicitations is 11:59 p.m. ET on May 26. It began on May 6.

During the May 11 week, GM said it did not receive any tenders for the following dollar-denominated notes: 7.2% notes due Jan. 15, 2011, 7 1/8% senior notes due July 15, 2013, 8¼% senior debentures due July 15, 2023, 8 3/8% senior debentures due July 15, 2033 and 7 3/8% senior notes due May 23, 2048.

In the same period, the company said it received tenders for €100,000 of each of its 7½% notes due July 3, 2013 and its 8 3/8% notes due July 5, 2033.

The exchange agent and solicitation and information agent are D.F. King (Europe) Ltd. (44 20 7920 9700 or 00 800 5464 5464; gm@dfking.com) and D.F. King & Co., Inc. (212 269-5550 or 800 769-7666; gm@dfking.com).

The Luxembourg exchange agent is Deutsche Bank Luxembourg, SA (xchange.offer@db.com).

General Motors is a Detroit-based automotive company.

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