SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported) February 25, 2002
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GENERAL MOTORS CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 1-143 38-0572515
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
300 Renaissance Center, Detroit, Michigan 48265-3000
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (313)-556-5000
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ITEM 5. OTHER EVENTS
On February 25, 2002, a news release was issued by General Motors
Corporation (GM) announcing plans to offer $2.5 billion in convertible debt
securities. The release is as follows:
GM Files for Convertible Securities Offering
NEW YORK, Feb. 25 -- General Motors Corporation (NYSE: GM) today announced
plans to offer $2.5 billion in convertible debt securities as part of a
comprehensive effort to improve the company's financial flexibility.
The proceeds of the offering, combined with other cash-generation
initiatives, will be used to rebuild GM's liquidity position, reduce its
underfunded pension liability and fund its post-retirement health care
obligations.
The securities mature in 30 years and are convertible into GM $1-2/3
common stock. Pricing of the securities is expected to occur later this week.
A supplemental prospectus relating to the offering is also available at
the SEC and on GM's investor web site.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities
in any state in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of any such
state.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL MOTORS CORPORATION
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(Registrant)
Date February 25, 2002
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By
s/Peter R. Bible
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(Peter R. Bible,
Chief Accounting Officer)
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