General Motors Financial Company, Inc. provides automobile financing solutions. The company operates through North America and International segment. It offers prime and sub-prime lending products, and leasing through franchised and independent dealers under the GM Financial and AmeriCredit brands. The company also provides commercial lending products, such as wholesale or floorplan financing to new and used vehicle inventory; and dealer loans to finance parts and accessories, as well as improvements to dealership facilities, to provide working capital, and to purchase and finance dealership real estate. In addition, it offers finance and/or vehicle-related insurance and other products. The ...
801 Cherry Street
Fort Worth, TX 76102
Founded in 1986
General Motors Financial Company, Inc., General Motors Company and Certain Subsidiaries Enter into Revolving Credit Agreement
Apr 20 18
On April 18, 2018, General Motors Financial Company, Inc., General Motors Company (GM) and certain wholly-owned subsidiaries of GM entered into a Third Amended and Restated 3-Year Revolving Credit Agreement, a Third Amended and Restated 5-Year Revolving Credit Agreement, and a 364-Day Revolving Credit Agreement, each with JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and the lenders named therein. The Facilities consist of a three-year, $4.0 billion facility (the Three-Year Facility), a five-year, $10.5 billion facility (the Five-Year Facility), and a 364-day, $2.0 billion facility (the 364-Day Facility). The Three-Year Facility and the Five-Year Facility amend and restate the $14.5 billion revolving credit facilities executed in May 2016. The Facilities are unsecured, provide additional liquidity, and mature on April 18, 2021, April 18, 2023 and April 17, 2019, respectively. The Facilities are available to GM, GM Financial and certain other wholly-owned subsidiaries. The Three-Year Facility allows for borrowing in U.S. Dollars and other currencies and includes a letter of credit sub-facility of $1.1 billion. The Five-Year Facility allows for borrowing in U.S. Dollars and other currencies. The 364-day Facility allows for borrowing in U.S. Dollars only. GM has allocated the 364-day Facility for exclusive use by GM Financial. Interest rates on obligations under the Facilities are based on prevailing annual interest rates for Eurodollar loans or an alternative base rate, both subject to an applicable margin. This applicable margin will be based upon the credit rating assigned to the Facilities or to senior, unsecured, long-term indebtedness of GM.
General Motors Financial Company, Inc. Announces Executive Changes, Effective April 2, 2018
Feb 14 18
General Motors Financial Company, Inc. has announced the retirement of Chris A. Choate as chief financial officer effective April 2, 2018. Susan B. Sheffield has been appointed to succeed Mr. Choate as Chief Financial Officer effective upon his retirement from that position, and Richard A. Gokenbach, Jr. has been appointed to succeed Ms. Sheffield as Treasurer effective April 2, 2018.
General Motors Financial Company, Inc Announces Auditor Changes
Feb 12 18
General Motors Financial Company, Inc. concerning the company's decision to engage Ernst & Young LLP as its independent registered public accounting firm following the completion of the audit services provided by Deloitte & Touche LLP for the year ending December 31, 2017.