General Motors said it entered into an Underwriting Agreement on May 5, 2025 with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, each acting as representative of the underwriters, for the sale of $2.0 billion in senior notes.

1. 01

   General Motors said it entered into an Underwriting Agreement on May 5, 2025 with Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC, each acting as representative of the underwriters, for the sale of $2.0 billion in senior notes.

2. 02

   The company said the notes consist of three series: 5.350% notes due 2028 totaling $750.0 million, 5.625% notes due 2030 totaling $750.0 million, and 6.250% notes due 2035 totaling $500.0 million.

3. 03

   General Motors said it closed the offering of the notes on May 7, 2025. It said the indenture contains restrictions on secured debt backed by certain principal domestic manufacturing properties, sale and leaseback transactions, and mergers or conveyances of all or substantially all of its assets.

4. 04

   The company said it plans to allocate an amount equal to the net proceeds for general corporate purposes, including refinancing part of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and funding part of the $1.8 billion 5-year term loan it agreed to make to Ultium Cells LLC.

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