By Marisa Wong
Los Angeles, May 8 – General Motors Financial Co. Inc. priced $400 million more of its 5.4% senior notes due April 6, 2026 on Monday, according to an FWP filed with the Securities and Exchange Commission.
The notes constitute a further issuance of the $1.25 billion of 5.4% notes due 2026 issued on April 6.
The tap issue priced at 99.742 to yield 5.495%, or with a spread of 178 basis points over Treasuries.
The notes feature a make-whole call.
Barclays and SMBC Nikko Securities America, Inc. acted as joint bookrunners.
General Motors Financial is the Fort Worth-based finance subsidiary of General Motors Co.
| Issuer: | General Motors Financial Co. Inc.
|
| Amount: | $400 million
|
| Issue: | Senior notes, add-on
|
| Maturity: | April 6, 2026
|
| Bookrunners: | Barclays and SMBC Nikko Securities America, Inc.
|
| Coupon: | 5.4%
|
| Price: | 99.742
|
| Yield: | 5.495%
|
| Spread: | Treasuries plus 178 bps
|
| Call: | Make-whole call at Treasuries plus 30 bps
|
| Pricing date: | May 8
|
| Settlement date: | May 10
|
| Distribution: | SEC registered
|
| Cusip: | 37045XEF9
|
| Total issuance: | $1.65 billion, including $1.25 billion issued on April 6
|
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