GBM - General Motors, 5.25% Series B…

General Motors, 5.25% Series B Convertible Senior Debentures due 3/5/2032 (GBM)

NYSE · · CUSIP 370442733

This security has been delisted at the request of the issuer and is no longer trading, but to our knowledge is still paying distributions to holders. It may start trading on the OTC market, but to our knowledge it has not done so to date.

The reference information below — security type, terms, ratings and company profile — is retained for research. Current pricing is not available.

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Security Details

Coupon Rate: 5.25%
Liquidation Preference: $25.00
Call Price: $25.00
Call / Redemption Date: 3/6/2009
Maturity Date: 3/6/2032
Distribution Period: S
Rate Type: Fixed
Annual Distribution: 1.3125
Distribution Dates: 3/1 & 9/1
Credit Ratings: Moody's C · S&P C (2/12/2009)
Conversion: 0.3852 @ $64.90
Tax-Advantaged Dividends: No

Security Profile

Security's distribution is suspended.

Security Type: Exchange-Traded Debt Security »
CUSIP: 370442733
Market Cap: Large Cap
IPO: 3/4/2002 · $25.00/share
Parent Company: General Motors Co. (GM)

Links: Home Page Investor Relations News

Business: General Motors Corp., 5.25% Series B Convertible Senior Debentures due 2032, issued in $25 denominations, redeemable at the issuer's option on or after 3/06/2009 at $25 per share plus accrued and unpaid interest, maturing 3/06/2032, distributions of 5.25% ($1.3125) per annum are paid semiannually on 3/1 & 9/1 to holders of record on the 15th day of the month preceding the payment date. The preferred shares are convertible any time at the holder's option into 0.3852 common shares of General Motors Corp. (NYSE: GM), an initial conversion price of $64.90 per common share. The holder may require the company to repurchase the debentures on March 6th of 2014, 2019, 2024 and 2029 at the company's option of cash or stock. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The debentures are senior debt of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Company Contact

CEO: Mary T. Barra
CFO: Paul A. Jacobson
Headquarters: 300 Renaissance Center, Detroit, MI 48265
Phone: 313-667-1500
Fax: 313-556-5108
Investor Relations: Randy Arickx · 313-667-1669 · InvestorRelations@gm.com
Email Form: Contact Form »
SEC EDGAR Filings: View filings »