General Motors Offers Senior Unsecured Notes
OREANDA-NEWS. General Motors Co. (NYSE: GM) announced today it has launched an offering of senior unsecured notes in 20- and 30-year tenors. GM intends to use the net proceeds from the sale of the notes to make a discretionary contribution to its U.S. hourly pension plan and, in the event GM does not use all of the net proceeds for this contribution, for general corporate uses.
GM has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the SEC for the offering to which this communication relates. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents GM has filed with the SEC for more complete information about GM and this offering.