General Motors Financial Company, Inc.: debt financing — GM Financial enters $2.0B 364-day revolving credit facility maturing March 2025

General Motors Financial Company, Inc.

Sixth Amended and Restated 364-Day Revolving Credit Agreement, $2.0B unsecured facility, matures March 27, 2025.
Facility available to GM Financial, GM, and certain subsidiaries; GM allocated it for exclusive use by GM Financial.
Interest rates based on Term SOFR, Daily Simple SOFR, or alternative base rate plus applicable margin tied to GM credit rating.
Covenants require GM to maintain at least $4.0B global liquidity and $2.0B U.S. liquidity.
Replaces prior Fifth Amended and Restated 364-Day Credit Agreement dated March 31, 2023.

Key facts

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 Financial Company, Inc. incurred revolving credit of $2.0 billion with JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and the other lenders named therein 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, Citibank, N.A., as syndication agent, and the other lenders named therein
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

N.A., as administrative agent, Citibank, N.A., as syndication agent, and the other lenders named therein (the “Facility”). The Facility is unsecured and consists of a 364-day, $2.0 billion facility and matures on March 27, 2025. The Facility is available to GM Financial, GM and certain of GM’s wholly owned subsidiaries. However, GM has allocated the Facility for

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Source: SEC EDGAR

accession 0001193125-24-080657

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