debt
confidence high
sentiment neutral
materiality 0.65
GM issues $2.25B senior notes: $1.0B 5.400% due 2029, $1.25B 5.600% due 2032
General Motors Co
- Closed $2.25 billion senior notes offering on August 2, 2022.
- Notes consist of $1.0B of 5.400% Senior Notes due 2029 and $1.25B of 5.600% Senior Notes due 2032.
- Net proceeds allocated to finance or refinance new or existing green projects under Sustainable Finance Framework.
- Underwriters include Barclays, BNP Paribas, BofA Securities, Citigroup, Credit Agricole, Goldman Sachs, J.P. Morgan, and Morgan Stanley.
- Notes issued under shelf registration; covenants limit secured debt, sale-leasebacks, and mergers.