General Motors (GM) said Monday that it has launched an offering of senior unsecured, fixed-rate notes and filed a registration statement with the US Securities and Exchange Commission for the offering.
The automaker said proceeds from the offering will be used to refinance a portion of 6.125% senior notes maturing in October, to fund a portion of a $1.8 billion term loan it made to its Ultium Cells joint venture and for general corporate purposes.
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