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General Motors Financial plans senior notes in two tranches due 2027
By Devika Patel
Knoxville, Tenn., June 6 – General Motors Financial Co. Inc. (Baa3/BBB/BBB-) plans to offer senior notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be sold in one fixed-rate tranche and one floating-rate tranche, with both tranches due in 2027.
The floaters are non-callable, and the fixed-rate notes feature a make-whole call followed by a par call.
BBVA Securities Inc., Credit Agricole CIB, Goldman Sachs & Co. LLC, Lloyds Securities Inc., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the bookrunners.
Computershare Trust Co., NA is the trustee.
Counsel to the issuer is provided by Latham & Watkins LLP and to the underwriters by Davis Polk & Wardwell LLP.
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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