04:53 AM EDT, 05/06/2025 (MT Newswires) -- General Motors ( GM ) said late Monday it priced $2 billion in senior unsecured fixed-rate notes across three tranches: $750 million due 2028 at 5.35%; $750 million due 2030 at 5.625%; and $500 million due 2035 at 6.25%.

The company said it plans to use the proceeds for general corporate purposes, including refinancing part of $1.25 billion of notes maturing in October and partially funding a $1.8 billion loan to Ultium Cells, its joint venture with LG Energy Solution.

It added that the funding will help Ultium Cells prepay loans received from the US Department of Energy's vehicle manufacturing program.

The offering is set to close on Wednesday.