By Cristal Cody
Tupelo, Miss., May 4 – General Motors Financial Co. Inc. (Baa3/BBB/BBB-) sold $750 million in a reopening of its three-year floating-rate notes on Thursday with a coupon of Libor plus 93 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at 100.286, plus accrued interest from April 13, to yield Libor plus 83.5 bps.
TD Securities (USA) was the bookrunner.
General Motors Financial first sold $750 million of the notes in an offering on April 10 at par to yield Libor plus 93 bps. The total outstanding now is $1.5 billion.
The issue is guaranteed by operating subsidiary AmeriCredit Financial Services, Inc.
General Motors Financial is the Fort Worth-based finance subsidiary of General Motors Co.
| Issuer: | General Motors Financial Co. Inc.
|
| Guarantor: | AmeriCredit Financial Services, Inc.
|
| Amount: | $750 million reopening
|
| Description: | Floating-rate notes
|
| Maturity: | April 13, 2020
|
| Bookrunner: | TD Securities (USA) LLC
|
| Coupon: | Libor plus 93 bps
|
| Price: | 100.286, plus accrued interest from April 13
|
| Yield: | Libor plus 83.5 bps
|
| Call feature: | None
|
| Trade date: | May 4
|
| Settlement date: | May 9
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB
|
| Fitch: BBB-
|
| Distribution: | SEC registered
|
| Total outstanding: | $1.5 billion, including $750 million priced on April 10 at par
|
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