General Motors (GM) has provided an announcement.
General Motors Company has recently replaced a $3.0 billion credit agreement with a new $2.0 billion unsecured revolving credit facility, maturing in March 2025. This Renewed Facility, backed by GM’s guarantee and available only in U.S. dollars, is earmarked for use by General Motors Financial Company, Inc. It features interest rates based on credit ratings and SOFR loans, and includes typical covenants, such as limits on mergers and asset sales, as well as a requirement for GM to maintain substantial global and U.S. liquidity.
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