General Motors Financial plans to price senior notes in two tranches

By Devika Patel

Knoxville, Tenn., April 3 – 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 2022.

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

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Commerzbank, Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and TD Securities (USA) LLC are the 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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