General motors offers senior unsecured notes

Detroit , may 5, 2025 /prnewswire/ -- general motors (nyse: gm) announced today it has launched an offering of senior unsecured fixed rate notes. gm intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on october 1, 2025, and fund a portion of the $1.8 billion five-year term loan it has agreed to make to ultium cells llc, its joint venture with lg energy solution, to facilitate full voluntary prepayment of loans ultium cells llc received under the u.s. department of energy's advanced technology vehicles manufacturing program.
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