secwatch.observer — SEC 8-K summary
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Issuer:     General Motors Co (GM)
CIK:        0001467858
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080620
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/0001193125-24-080620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467858/000119312524080620/d810213d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080620

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