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Issuer: | | General Motors Financial Company, Inc. (the “Issuer”). |
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Trade Date: | | September 17, 2018. |
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Settlement Date: | | September 24, 2018 (T + 5)*. |
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Form of Offering: | | SEC Registered (RegistrationNo. 333-219323). |
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Security: | | Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B, par value $0.01 (the “Series B Preferred Stock”). |
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Size: | | $500,000,000 (500,000 shares of Series B Preferred Stock). |
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Liquidation Preference: | | $1,000.00 per share, plus accumulated and unpaid dividends. |
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Term: | | Perpetual, unless redeemed by the Issuer on or after September 30, 2028. |
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Dividend Rate (Cumulative): | | At a rate per annum equal to 6.500% from the date of issuance to, but excluding, September 30, 2028, and thereafter at a floating rate per annum equal to three month U.S. dollar LIBOR on the related dividend determination date plus 3.436%. |
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Dividend Payment Dates: | | Semi-annually in arrears on March 30 and September 30 of each year, commencing on March 30, 2019 and ending on September 30, 2028, and thereafter quarterly in arrears on the March 30, June 30, September 30 and December 30 of each year. |
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Day Count: | | From the date of issuance to, but excluding, September 30, 2028, 30/360, and from, and including September 30, 2028, Actual/360. |
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Optional Redemption: | | The Issuer may redeem the Series B Preferred Stock at its option, in whole or in part, from time to time, on or after September 30, 2028, at a redemption price equal to $1,000 per share, plus any accumulated and unpaid dividends to, but excluding, the date fixed for redemption. |
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Public Offering Price: | | $1,000.00 per share. |
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Underwriting Discounts and Commissions: | | $15.00 per share. |
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Listing: | | The Series B Preferred Stock will not be listed for trading on any stock exchange. |
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CUSIP/ISIN: | | 37045X CM6 / US37045XCM65 |
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Joint Book-Running Managers: | | Goldman Sachs & Co. LLC J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC RBC Capital Markets, LLC Wells Fargo Securities, LLC |