---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080620"
form_type: "8-K"
ticker: "GM"
cik: "0001467858"
company_name: "General Motors Co"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:01:55.936149+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# GM replaces $3B undrawn term loan with $2B 364-day revolver for GM Financial

## Summary
- Terminated $3.0B 364-Day Delayed Draw Term Loan (Nov. 29, 2023) with no borrowings outstanding, no early termination penalties.
- Entered $2.0B Sixth Amended and Restated 364-Day Revolving Credit Facility, matures March 27, 2025.
- Unsecured facility allocated exclusively for GM Financial; GM guarantees subsidiary borrowings.
- Interest rates based on Term SOFR, Daily Simple SOFR, or ABR plus margin based on credit rating.
- Covenants: GM must maintain at least $4.0B global liquidity and $2.0B U.S. liquidity.

## SEC filing metadata
- accession: 0001193125-24-080620
- form_type: 8-K
- ticker: GM
- cik: 0001467858
- company_name: General Motors Co
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/0001193125-24-080620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/d810213d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080620
- JSON: https://secwatch.observer/filing/0001193125-24-080620.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080620.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/0001193125-24-080620-index.htm
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/0001193125-24-080620-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.