General Motors Financial Company, Inc. 8-K

What Happened

• On January 8, 2026, General Motors Financial Company, Inc. announced it closed a public offering of $900 million aggregate principal of 4.600% senior notes due January 8, 2031 and $600 million aggregate principal of 5.450% senior notes due January 8, 2036. The offering was sold under a Form S-3 shelf registration (filed Dec. 5, 2025) and an underwriting agreement dated Jan. 5, 2026. The company estimates net proceeds of approximately $1.49 billion, which will be added to its general funds for general corporate purposes.

Key Details

• Offering amounts and rates: $900M at 4.600% (due 1/8/2031) and $600M at 5.450% (due 1/8/2036); interest payable semi‑annually beginning July 8, 2026. Interest accrues from Jan. 8, 2026.
• Security and ranking: Notes are unsecured senior obligations — pari passu with other senior debt, senior to any subordinated debt, and effectively junior to secured debt and liabilities of subsidiaries.
• Redemption terms: Company may redeem prior to Par Call Dates (Dec. 8, 2030 for 2031 Notes; Oct. 8, 2035 for 2036 Notes) at a make‑whole style price; on/after those Par Call Dates redemption at 100% of principal plus accrued interest.
• Documentation and parties: Underwriters included BBVA Securities, CIBC, Citigroup, J.P. Morgan, RBC and Wells Fargo; indenture with Computershare Trust Company, N.A.; supplemental indenture and legal opinion of Latham & Watkins are filed as exhibits.

Why It Matters

• The transaction raises about $1.49B of liquidity for General Motors Financial, which can be used for general corporate needs (e.g., refinancing, operations, or other capital needs).
• Because the notes are senior unsecured, they rank equally with the company’s other senior debt but are behind any secured borrowings, so investors should consider how this affects the company’s overall debt mix and interest expense over time.
• Redemption provisions and stated maturities give the company flexibility to refinance or repay the debt before maturity under specified conditions; the new fixed rates lock in interest costs for the stated terms.