General Motors Company $4 Billion Senior Notes Offering
5/12/2020

Davis Polk advised the representative of the several underwriters on an SEC-registered offering by General Motors Company of $4 billion in aggregate principal amount of senior notes, consisting of $1 billion in aggregate principal amount of 5.40% senior notes due 2023, $2 billion in aggregate principal amount of 6.125% senior notes due 2025 and $1 billion in aggregate principal amount of 6.80%senior notes due 2027. General Motors will use the net proceeds from this offering for general corporate purposes.

General Motors Company and its subsidiaries and joint venture entities produce and sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden and Wuling brands.

The Davis Polk corporate team included partner Joseph A. Hall and associates Dan Gibbons and S. Elizabeth Kim. Partner Po Sit and associate Talya Presser provided tax advice. Counsel Betty Moy Huber and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.