GENERAL MOTORS CORPORATION BONDHOLDERS
(Wilmington Trust Company as Indenture Trustee)
Motors Liquidation Company (f/k/a General Motors Corporation) and its affiliated debtors, as debtors in possession (the “Debtors”) have examined the proofs of claim (the “Duplicate Debt Claims”) filed by certain individuals (“Individual Bondholders”) holding General Motors Corporation bonds (“GM Bonds”) for which the Wilmington Trust Company (“WTC”) is the indenture trustee. The Debtors have determined that the Duplicate Debt Claims are duplicative of either (1) the global Proof of Claim No. 65793 (“Claim 65793") filed by WTC, in its capacity as successor indenture trustee of the Senior Indenture, dated as of November 15, 1990 (the “1990 Indenture”) or (2) the global Proof of Claim No. 65729 (“Claim 65729”) filed by WTC, in its capacity as successor indenture trustee of the Senior Indenture, dated as of December 7, 1995, as amended (the “1995 Indenture”).
The amounts asserted by WTC in Claim 65793 and Claim 65729 have been reconciled and allowed under a stipulation, approved and entered by the Bankruptcy Court on August 9, 2010 (the “WTC Stipulation”). A link to the WTC Stipulation is below.
Therefore, the Debtors have filed objections (the “Omnibus Objections”) to the Duplicate Debt Claims, seeking to disallow and expunge the Duplicate Debt Claims as duplicative of Claim 65793 or Claim 65729. Links to the Omnibus Objections and to an index of the Omnibus Objections are provided below. Individual Bondholders received a personalized notice of the Omnibus Objection, rather than the entire Omnibus Objection.
The rights of an Individual Bondholder holding valid bonds under the 1990 Indenture or the 1995 Indenture to receive distributions on account of their GM Bonds are protected by the two WTC global proofs of claim (Claim 65793 and Claim 65729). The Omnibus Objections do not affect the ability of an Individual Bondholder to participate in accordance with the WTC Stipulation and, thus, receive distributions on account of their GM Bonds.
Please refer to the following website maintained by WTC for further information: www.wilmingtontrust.com/gmbondholders. Please note that the foregoing website is maintained by WTC and not by the Debtors, and the Debtors are not responsible for its content.
If you have questions, please contact the Debtors at 1-866-521-0079 or visit their website at: www.mlcguctrust.com.
Frequently Asked Questions:
Q: What is the Omnibus Objection Index?
A: The Omnibus Objection Index lists the various Omnibus Objections. The index can be used to find which Omnibus Objection applies to which claimant by examining Exhibit “A” to the Omnibus Objections (claimants are listed alphabetically). Please note, depending on how you completed your proof of claim, your name may be sorted alphabetically by your first name or by your last name. Therefore, if you do not find your name on an Omnibus Objection after searching for your last name in the Omnibus Objection Index, please also search the Omnibus Objection Index based on your first name.
Q: I see my name listed on an exhibit to an Omnibus Objection. What does this mean?
A: The Debtors believe that your proof of claim is duplicative of one or both of the two global proofs of claim filed by WTC on your behalf (Claim 65793 and Claim 65729). Therefore, upon the hearing date indicated in the applicable Omnibus Objection, your proof of claim will be disallowed and expunged by the Bankruptcy Court as duplicative of one or both of the two WTC global proofs of claim (Claim 65793 and Claim 65729), unless you file a response. However, since WTC has filed two global proofs of claim on your behalf (Claim 65793 and Claim 65729), which have been allowed by stipulation and order of the Court in the amounts set forth in the stipulation, your rights as an Individual Bondholder to receive distributions from the Debtors on account of your GM Bonds will not be affected by the disallowance and expungement of your proof of claim.
Q: What are the securities, including rate, maturity, and CUSIP numbers, which are affected by the Omnibus Objections?
A:
1990 Indenture
| Description |
CUSSIP
|
| 9.40% Debentures due July 15, 2021 |
370442AN5
|
| 8.80% Notes due March 1, 2021 |
370442AJ4
|
| 7.40% Debentures due September 1, 2025 |
370442AR6
|
| 9.4% Medium-Term Notes due July 15, 2021 |
37045EAG3
|
| 9.45% Medium-Term Notes due November 1, 2011 |
37045EAS7
|
1995 Indenture
| Description |
CUSSIP
|
| 7.75% Discount Debentures due March 15, 2036 |
370442AT2
|
| 7.70% Debentures due April 15, 2016 |
370442AU9
|
| 8.10% Debentures due June 15, 2024 |
370442AV7
|
| 63/4% Debentures due May 1, 2028 |
370442AZ8
|
| 7.20% Notes due January 15, 2011 |
370442BB0
|
| 7.25% Quarterly Interest Bonds due April 15, 2041 |
370442816
|
| 7.25% Senior Notes due July 15, 2041 |
370442774
|
| 7.375% Senior Notes due October 1, 2051 |
370442766
|
| 7.25% Senior Notes due February 15, 2052 |
370442758
|
| 4.50% Series A Convertible Senior Debentures due March 6, 2032 |
370442741
|
| 5.25% Series B Convertible Senior Debentures due March 6, 2032 |
370442733
|
| 7.375% Senior Notes due May 15, 2048 |
370442725
|
| 7.375% Senior Notes due May 23, 2048 |
370442BQ7
|
| 8.375% Senior Debentures due July 15, 2033 |
370442BT1
|
| 6.25% Series C Convertible Senior Debentures due July 15, 2033 |
370442717
|
| 8.25% Senior Debentures due July 15, 2023 |
370442BW4
|
| 7.125% Senior Notes due July 15, 2013 |
370442BS3
|
| 7.5% Senior Notes due July 1, 2044 |
370442121
|
| 1.50% Series D Convertible Senior Debentures due June 1, 2009 |
370442691
|
| 7.75% Discount Debentures due March 15, 2036 |
370442AT2
|
| 7.70% Debentures due April 15, 2016 |
370442AU9
|
| 8.10% Debentures due June 15, 2024 |
370442AV7
|
| 63/4% Debentures due May 1, 2028 |
370442AZ8
|
| 7.20% Notes due January 15, 2011 |
370442BB0
|
| 7.25% Quarterly Interest Bonds due April 15, 2041 |
370442816
|
| 7.25% Senior Notes due July 15, 2041 |
370442774
|
| 7.375% Senior Notes due October 1, 2051 |
370442766
|
| 7.25% Senior Notes due February 15, 2052 |
370442758
|
| 4.50% Series A Convertible Senior Debentures due March 6, 2032 |
370442741
|
| 5.25% Series B Convertible Senior Debentures due March 6, 2032 |
370442733
|
| 7.375% Senior Notes due May 15, 2048 |
370442725
|
| 7.375% Senior Notes due May 23, 2048 |
370442BQ7
|
| 8.375% Senior Debentures due July 15, 2033 |
370442BT1
|
| 6.25% Series C Convertible Senior Debentures due July 15, 2033 |
370442717
|
| 8.25% Senior Debentures due July 15, 2023 |
370442BW4
|
| 7.125% Senior Notes due July 15, 2013 |
370442BS3
|
| 7.5% Senior Notes due July 1, 2044 |
370442121
|
| 1.50% Series D Convertible Senior Debentures due June 1, 2009 |
370442691
|
Q: Who can I call if I have questions?
Q: How do I file a response to the Omnibus Objection affecting me?
A: If you are listed in an Omnibus Objection, you should have received a personalized notice providing you with instructions on how to file a response. In the alternative, you may click on the appropriate link below to access your appropriate Omnibus Objection which contains a separate notice at the beginning of the document, providing instructions on how to file a response.