General Motors Financial to price benchmark notes in fixed-, floating-rate tranches due 2019

By Aleesia Forni

Virginia Beach, Oct. 7 – General Motors Financial Co., Inc. plans to price a benchmark offering of senior notes (Ba1/BBB-/BBB-) on Wednesday in fixed- and floating-rate tranches due 2019, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

BofA Merrill Lynch, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Lloyds Securities and Societe Generale CIB are the joint bookrunners.

The notes will be guaranteed by the company’s operating subsidiary, AmeriCredit Financial Services, Inc.

General Motors Financial, the Fort Worth-based finance subsidiary of General Motors Co., plans to use the proceeds for general corporate purposes.

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