General Motors Financial is seeking to sell $1 billion worth of senior subordinate asset-backed notes. The offering of automobile receivables-backed securities will be made via Barclays Capital, RBS and Wells Fargo Securities.

Deutsche Bank Securities, Morgan Stanley and UBS Investment Bank will serve as co-managers on the deal. The company intends to use the net proceeds from the deal for long-term financing of its receivables.

Click here for the release from Business Wire.