General Motors to offer floaters, fixed-rate notes in three parts

By Marisa Wong

Los Angeles, Jan. 6 – General Motors Financial Co. Inc. plans to price senior notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold in two fixed-rate tranches and one floating-rate tranche.

One of the fixed-rate tranches and the floating-rate tranche will mature in 2027, and the remaining fixed-rate tranche will be due in 2032.

The floaters are non-callable, but the fixed-rate notes feature a make-whole call and then a par call.

BofA Securities, Inc., Commerz Markets LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes.

General Motors Financial is the Fort Worth-based finance subsidiary of General Motors Co.

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