secwatch.observer — SEC 8-K summary
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Issuer:     General Motors Co (GM)
CIK:        0001467858
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193125-23-086956
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GM signs new $10B 5-year, $4.1B 3-year, $2B 364-day credit facilities
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- 3 unsecured revolving facilities: $10B due 2028, $4.1B due 2026, $2B due 2024.
- Subsidiaries no longer required to guarantee if GM maintains investment grade rating from 2 agencies.
- Covenants require GM to maintain at least $4.0B global liquidity and $2.0B U.S. liquidity.
- Interest rates based on SOFR plus margin determined by credit rating.
- 364-day facility allocated for exclusive use by GM Financial.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467858/000119312523086956/0001193125-23-086956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467858/000119312523086956/d826843d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-086956

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