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General Motors grosses $999.4 million from debt offering

General Motors Co. raised gross proceeds of $999.4 million from an offering of 5.15% senior unsecured notes April 1, 2038.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, and redemption or repayment of debt securities.

Barclays Capital Inc., BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Commerz Markets LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, RBS Securities Inc. and SG Americas Securities LLC were the lead underwriters.

Banco Bradesco BBI SA, BB Securities Ltd., BNY Mellon Capital Markets LLC, Credit Agricole Securities (USA) Inc., ICBC Standard Bank PLC, Lloyds Securities Inc., Mischler Financial Group Inc., PNC Capital Markets LLC, RBC Capital Markets LLC, Samuel A. Ramirez & Co. Inc., Santander Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., TD Securities (USA) LLC, Williams Capital Group LP, U.S. Bancorp Investments Inc. and UniCredit Capital Markets LLC also served as underwriters for the offering.