secwatch.observer — SEC 8-K summary
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Issuer:     General Motors Co (GM)
CIK:        0001467858
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001193125-23-250325
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GM enters into $6B 364-day revolving credit facility with JPMorgan as administrative agent
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- Facility provides $6.0 billion unsecured borrowing capacity, matures October 1, 2024.
- Interest rates based on Term SOFR, Daily Simple SOFR, or base rate plus margin tied to GM's credit rating.
- Covenants require GM to maintain at least $4.0B global liquidity and $2.0B U.S. liquidity.
- Includes typical restrictions on mergers, asset sales, and indebtedness; lenders include major banks.
- Proceeds for general corporate purposes; replaces or supplements existing credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467858/000119312523250325/0001193125-23-250325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467858/000119312523250325/d468612d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-250325

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