DETROIT, May 5, 2025 /PRNewswire/ --

General Motors (NYSE: GM) announced today it has launched an offering of senior unsecured fixed rate notes. GM intends to use the net proceeds from the sale of the notes for general corporate purposes, including to refinance a portion of the $1.25 billion outstanding of its 6.125% senior notes maturing on October 1, 2025, and fund a portion of the $1.8 billion five-year term loan it has agreed to make to Ultium Cells LLC, its joint venture with LG Energy Solution, to facilitate full voluntary prepayment of loans Ultium Cells LLC received under the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing program.

Additionally, GM has filed a registration statement, including a prospectus and preliminary prospectus supplement, with the Securities and Exchange Commission (SEC) for this offering. Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement, and other documents GM has filed with the SEC for more complete information about GM and this offering.

The documents are publicly available free of charge by visiting EDGAR on the SEC website at sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by contacting the joint book-running managers:

• Citigroup Global Markets Inc.
  c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717
  Telephone: 1-800-831-9146
  Email: [email protected]
• Goldman Sachs & Co. LLC
  Attention: Prospectus Department, 200 West Street, New York, New York 10282
  Telephone: 1-866-471-2526
  Facsimile: 212-902-9316
  Email: [email protected]
• Wells Fargo Securities, LLC
  608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402
  Attention: WFS Customer Service
  Telephone: +1-800-645-3751
  Email: [email protected]

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.

General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future.

Cautionary Note on Forward-Looking Statements:

This press release and related comments by management may include "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgment about possible future events and are often identified by words like "aim," "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions.

In making these statements, we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, many of which are beyond our control. These factors, which may be revised or supplemented in subsequent reports we file with the SEC, include, among others, the following:

1. Our ability to deliver new products, services, technologies and customer experiences in response to increased competition and changing consumer needs and preferences;
2. Our ability to attract and retain talented and highly skilled employees;
3. Our ability to timely fund and introduce new and improved vehicle models, including EVs, that are able to attract a sufficient number of consumers;
4. Our ability to profitably deliver a strategic portfolio of EVs;
5. Adoptions of EVs by consumers;
6. The success of our current line of ICE vehicles, particularly our full-size SUVs and full-size pickup trucks;
7. Our highly competitive industry, which has been historically characterized by excess manufacturing capacity and the use of incentives, and the introduction of new and improved vehicle models by our competitors;
8. The unique technological, operational, regulatory and competitive risks related to our refocused AV strategy on personal vehicles;
9. Risks associated with climate change, including increased regulation of GHG emissions, our transition to EVs and the potential increased impacts of severe weather events;
10. Global automobile market sales volume, which can be volatile;
11. Inflationary pressures and persistently high prices and uncertain availability of raw materials and commodities used by us and our suppliers, and instability in logistics and related costs;
12. Our business in China, which is subject to unique operational, competitive, regulatory and economic risks;
13. The success of our ongoing strategic business relationships, particularly with respect to facilitating access to raw materials necessary for the production of EVs, and of our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control;
14. The international scale and footprint of our operations, which expose us to a variety of unique political, economic, competitive and regulatory risks...
15. And other relevant factors affecting business operations.

For a further discussion of these and other risks and uncertainties, refer to our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as updated by our subsequent filings with the SEC. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except where we are expressly required to do so by law.

SOURCE General Motors