OREANDA-NEWS. General Motors Co. (NYSE: GM) announced the pricing of three series of senior unsecured notes for a total of USD 2.5 billion. These notes include

USD 500 million of 4.00 percent notes due in 2025, USD 750 million of 5.00 percent notes due in 2035 and USD 1.25 billion of 5.20 percent notes due in 2045. The offering is expected to settle on Nov. 12, 2014.

GM intends to use the net proceeds from the sale of the notes toward the expected redemption of the Series A Preferred Shares on or after December 31, 2014 and, to the extent not used for the expected redemption, for general corporate uses.

“Favorable market conditions made now the appropriate time to add liquidity to further strengthen our fortress balance sheet and improve our financial flexibility,” said Chuck Stevens, GM executive vice president and chief financial officer.