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Issuer: | | General Motors Financial Company, Inc. (the “Issuer”). |
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Trade Date: | | September 9, 2020. |
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Settlement Date: | | September 16, 2020 (T+5)*. |
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Form of Offering: | | SEC Registered (Registration No. 333-235468). |
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Security: | | Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series C, par value $0.01 (the “Series C Preferred Stock”). |
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Size: | | $500,000,000 (500,000 shares of Series C Preferred Stock). |
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Liquidation Preference: | | $1,000 per share, plus accumulated and unpaid dividends. |
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Term: | | Perpetual, unless redeemed by the Issuer on or after September 30, 2030. |
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Dividend Rate (Cumulative): | | Dividends on the Series C Preferred Stock will accrue and be payable at a rate per annum equal to (i) 5.700% from the date of issuance to, but excluding, September 30, 2030 (the “First Reset Date”) and (ii) the Five-year U.S. Treasury Rate as of the most recent Reset Dividend Determination Date, plus 4.997%, for each Reset Period from, and including, the First Reset Date. |
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Dividend Payment Dates: | | Semi-annually in arrears on March 30 and September 30 of each year, commencing on March 30, 2021. |
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Day Count: | | 30/360. |
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Optional Redemption: | | The Issuer may, at its option, redeem the Series C Preferred Stock, in whole or in part, on any dividend payment date on or after the First Reset Date, at a price of $1,000 per share of Series C Preferred Stock, plus all dividends accumulated and unpaid to, but excluding, the redemption date. |
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Public Offering Price: | | $1,000 per share. |
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Listing: | | The Series C Preferred Stock will not be listed for trading on any stock exchange. |
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CUSIP/ISIN: | | 37045X DB9 / US37045XDB91 |
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Joint Book-Running Managers: | | Citigroup Global Markets Inc. J.P. Morgan Securities LLC Mizuho Securities USA LLC Morgan Stanley & Co. LLC RBC Capital Markets, LLC Wells Fargo Securities, LLC |