New Issue: GM Finance prices $500 million seven-year notes at par to yield 6¾%

By Paul A. Harris

Portland, Ore., May 26 - General Motors Financial Co., Inc. priced a $500 million issue of non-callable seven-year senior notes (B1/B/BB-) at par to yield 6¾% on Thursday, according to market sources.

The yield printed at the wide end of the 6½% to 6¾% price talk.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. were the joint physical bookrunners.

The Detroit-based automotive company plans to use the proceeds for general corporate purposes and to redeem its 8½% senior notes due 2015.

Issuer:	General Motors Financial Co., Inc.
Amount:	$500 million
Maturity:	June 1, 2018
Securities:	Senior notes
Bookrunners:	J.P. Morgan Securities LLC, Deutsche Bank Securities Inc.
Co-managers:	C.L. King & Associates, Inc., Kaufman Bros., LP, Toussaint Capital Partners, LLC
Coupon:	6¾%
Price:	Par
Yield:	6¾%
Spread:	435 bps
Call protection:	Non-callable (Make-whole provision at Treasuries plus 50 bps)
Trade date:	May 26
Settlement date:	June 1
Ratings:	Moody's: B1
	Standard & Poor's: B
	Fitch: BB-
Distribution:	Rule 144A with registration rights and Regulation S
Price talk:	6½% to 6¾%
Marketing:	Roadshow

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