The three-year notes carry a 4.750% coupon and were underwritten by a six-bank syndicate led by Barclays and BofA Securities.

April 06, 2026

General Motors Financial Company closed a $1.4 billion public offering of senior notes on April 6, 2026, adding fresh capital to the automaker’s financing arm as it continues to fund operations in a shifting rate environment.

The notes carry a fixed interest rate of 4.750% per year, payable semi-annually beginning October 6, 2026, and are set to mature on April 6, 2029. After underwriting discounts and estimated offering expenses, GM Financial expects net proceeds of approximately $1.39 billion, which will be directed toward general corporate purposes.

Deal Structure and Underwriters

The offering was executed under an underwriting agreement dated April 1, 2026, with a six-bank syndicate serving as representatives. The group includes Barclays Capital, BofA Securities, Credit Agricole Securities, Deutsche Bank Securities, Santander US Capital Markets, and Scotia Capital. GM Financial has agreed to indemnify the underwriters against certain liabilities under the Securities Act of 1933.

The notes were issued pursuant to a shelf registration statement filed with the SEC in December 2025, supplemented by a prospectus dated April 1, 2026. Computershare Trust Company serves as trustee under a base indenture originally dated October 2015, now supplemented by a sixty-second supplemental indenture.

Ranking and Redemption Terms

The notes rank as unsecured senior obligations of GM Financial. They sit on equal footing with the company’s other senior unsecured debt but are effectively subordinated to any secured indebtedness to the extent of pledged assets, as well as to liabilities of GM Financial’s subsidiaries.

GM Financial retains the option to redeem the notes before maturity, in whole or in part, at a price equal to the greater of par or a treasury-rate-based present value calculation plus 15 basis points, in each case plus accrued interest.

Covenants and Default Provisions

The governing indenture includes standard covenants restricting the company’s ability to sell substantially all of its assets or merge with another entity. It also limits the company and certain subsidiaries from granting liens to other creditors unless the notes receive equal security treatment. Customary events of default apply, including nonpayment, covenant breaches, and specified bankruptcy events, any of which could trigger acceleration of the full principal amount.

The filing was signed by Richard A. Gokenbach, Jr., Executive Vice President and Chief Financial Officer of GM Financial. Latham & Watkins LLP provided the legal opinion for the offering.