General Motors, 4.50% Series A Convertible Senior Debentures due 3/6/2032 (GXM)
NYSE · · CUSIP 370442741
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
4.50%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
3/6/2007
Maturity Date
3/6/2032
Distribution Period
S
Rate Type
Fixed
Annual Distribution
1.125
Distribution Dates
3/1 & 9/1
Credit Ratings
Moody's C · S&P C (2/12/2009)
Conversion
0.3561 @ $70.20
Tax-Advantaged Dividends
No

Security Profile

Security's distribution is suspended.
Security Type
Exchange-Traded Debt Security »
CUSIP
370442741
Market Cap
Large Cap
IPO
3/4/2002 · $25.00/share
Parent Company
General Motors Co. (GM)
Business: General Motors Corp., 4.50% Series A Convertible Senior Debentures due 2032, issued in $25 denominations, redeemable at the issuer's option on or after 3/06/2007 at $25 per share plus accrued and unpaid interest, maturing 3/06/2032, distributions of 4.50% ($1.125) 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 debentures are convertible any time at the holder's option into 0.3561 common shares of General Motors Corp. (NYSE: GM), an initial conversion price of $70.20 per common share. The holder may require the company to repurchase the debentures on March 6th of 2007, 2012, 2017, 2022 and 2027. 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 obligations 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 debentures 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
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