General Motors has entered into an agreement to sell $2.0 billion in senior notes, comprising $750 million due 2028 at 5.350%, $750 million due 2030 at 5.625%, and $500 million due 2035 at 6.250%. The company intends to use the proceeds for general corporate purposes, including refinancing $1.25 billion in maturing debt and funding a portion of a $1.8 billion term loan to its joint venture, Ultium Cells LLC.
