General Motors Company’s $4 Billion Senior Notes Offering

King & Spalding acted as counsel for General Motors Company, while Davis Polk advised the representative of the several underwriters on the offering.

General Motors Company completed the offering 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.

King & Spalding advised General Motors Company on the offering.

Davis Polk advised the representative of the several underwriters, Deutsche Bank Securities, with a corporate team including partner Joseph A. Hall (Picture) 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.

Involved fees earner: Michael Comstock – Davis Polk & Wardwell; Dan Gibbons – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; Elizabeth Kim – Davis Polk & Wardwell; Talya Presser – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Deutsche Bank Securities;

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Author: Ambrogio Visconti