General Motors Financial $2.5 billion senior notes offering
Davis Polk advised the joint book-running managers on an SEC-registered offering by General Motors Financial Company, Inc. of its $1.25 billion aggregate principal amount of 1.700% senior notes due 2023, $900 million aggregate principal amount of 2.700% senior notes due 2027 and $350 million aggregate principal amount of 3.600% senior notes due 2030. The 2030 notes are a reopening of the $750 million aggregate principal amount of 3.600% senior notes due 2030 issued on June 22, 2020.
GM Financial is a global provider of automobile financing solutions and is the wholly owned captive finance subsidiary of General Motors Company.
The Davis Polk capital markets team included partner John G. Crowley and associates Johnathan M. Nixon and Prudence Ng. The tax team included partner Mario J. Verdolini and associate Ben Levenback. All members of the Davis Polk team are based in the New York office.