General Motors Financial Company, Inc. $1 Billion Preferred Stock Offering

Davis Polk advised the joint book-running managers on a $1 billion SEC registered offering by General Motors Financial Company, Inc. of 1,000,000 shares of its fixed-to-floating rate cumulative perpetual preferred stock, Series A. The transaction is GM Financial’s inaugural preferred stock offering.

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 partners Richard A. Drucker and Sophia Hudson and associates Dan Gibbons, Andrew J. Terjesen and Leigh Katz. The tax team included partner Lucy W. Farr and associate Gil Savir. All members of the Davis Polk team are based in the New York office