GM sells $2.0 billion of senior notes due 2028, 2030 and 2035
General Motors closed a $2.0 billion senior notes offering on May 7, 2025, under an underwriting agreement dated May 5, 2025. The company plans to use the net proceeds for general corporate purposes, including refinancing part of $1.25 billion of 6.125% notes maturing October 1, 2025, and funding part of a $1.8 billion term loan to Ultium Cells LLC. The filing adds new debt to GM's balance sheet, and the notes carry covenants limiting certain secured debt, sale-leaseback transactions and some mergers.
Key points
- Offering totals $2.0 billion: $750.0 million of 5.350% notes due 2028, $750.0 million of 5.625% notes due 2030, and $500.0 million of 6.250% notes due 2035
- Offering closed May 7, 2025; notes issued under an indenture with The Bank of New York Mellon as trustee
- Proceeds earmarked to refinance part of $1.25 billion of 6.125% notes maturing October 1, 2025, and fund part of a $1.8 billion loan to Ultium Cells LLC
- Notes sold under an effective Form S-3 shelf registration (File No. 333-284557)
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.