GM Financial Announces Offering of Senior Notes

gm (select to view enlarged photo)

FORT WORTH, Texas--May 6, 2013: GENERAL MOTORS FINANCIAL COMPANY, INC. ("GM Financial" or the "Company") announced today that, subject to market conditions, it intends to offer $2 billion aggregate principal amount of senior notes in various tranches. GM Financial plans to use the net proceeds from the offering of the notes to fund a portion of the acquisition of the international auto finance and financial services businesses of Ally Financial Inc. ("Ally"), to repay certain indebtedness to General Motors Company ("GM") pursuant to its inter-company loan from GM and for general working capital purposes.

The notes will be offered only to qualified institutional buyers in accordance with RuleĀ 144A and to non-U.S. persons under RegulationĀ S under the Securities Act of 1933, as amended (the "Securities Act"). The notes have not been registered under the Securities Act or any state securities laws, and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

General Motors Financial Company, Inc. is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas.

This press release contains forward-looking statements that involve risks and uncertainties. Such risks include - but are not limited to - the Company's ability to close the acquisition of the remaining portions of Ally's international operations that the Company has not already acquired and integrate the operations that the Company has acquired and will acquire into its business successfully, changes in general economic and business conditions, GM's ability to sell new vehicles that the Company finances, the Company's dependence on the financial condition of GM dealers, interest rate and exchange rate fluctuations, the Company's financial condition and liquidity, as well as future cash flows and earnings, competition, the effect, interpretation or application of new or existing laws, regulations, court decisions and accounting pronouncements, the availability of sources of financing, the level of net credit losses, delinquencies and prepayments on the loans and leases the Company originates, the prices at which used cars are sold in the wholesale auction markets, changes in business strategy, including acquisitions and expansion of product lines and credit risk appetite, the ability to integrate the business and operations of acquisitions, and significant litigation.

Home | Buyers Guides For Every Auto Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | 2016-1993 Car Reviews Truck Reviews
1996-2016 Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2016 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to

Submit Company releases or Product News stories to
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: