Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
General Motors Co incurred revolving credit of $2.0 billion with JPMorgan Chase Bank, N.A., as administrative agent at prevailing annual interest rates for Term SOFR loans, Daily Simple SOFR loans or maturing March 27, 2025.
- Instrument
- revolving credit
- Principal
- $2.0 billion
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- prevailing annual interest rates for Term SOFR loans, Daily Simple SOFR loans or
- Maturity
- March 27, 2025
- Event
- incurrence
Exact text from the filing
agent, Bank of America, N.A., as co-syndication agent, and the lenders named therein (the “Renewed Facility”). The Renewed Facility is unsecured and consists of a 364-day, $2.0 billion facility and matures on March 27, 2025. The Renewed Facility is available to GM as well as certain of its wholly owned subsidiaries. However, GM has allocated the Renewed
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
General Motors Co terminated November Facility with Bank of America, N.A., as administrative agent, and the other lenders named therein valued at $3.0 billion (effective 2024-03-28).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, and the other lenders named therein
- Value
- $3.0 billion
- Effective
- 2024-03-28
Exact text from the filing
On March 28, 2024, the Company terminated its $3.0 billion 364-Day Delayed Draw Term Loan Credit Agreement, dated as of November 29, 2023, with Bank of America, N.A., as administrative agent, and the other lenders named therein (the "November Facility").
View on SEC.gov