General Motors Raises $2.25B Via Debt Offering

by Shivani Kumaresan, Benzinga Staff Writer
July 29, 2022 6:09 AM | 1 min read |
  • General Motors Co (NYSE: GM) has set forth the pricing of two series of senior unsecured fixed rate notes for a total of $2.25 billion. 
  • The notes include $1.0 billion of 5.40% notes due in 2029 and $1.25 billion of 5.60% notes due in 2032.
  • GM intends to use the net proceeds from the sale of the notes to finance or refinance eligible projects in its Sustainable Finance Framework.
  • The offering is expected to close on August 2, 2022.
  • Price Action: GM shares are trading higher by 0.78% at $36.02 in premarket on the last check Friday.
  • Photo Via Wikimedia Commons
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