secwatch.observer — SEC 8-K summary
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Issuer:     General Motors Co (GM)
CIK:        0001467858
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001193125-25-062882
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GM enters into $16.1B new revolving credit facilities with 5-year, 3-year, and 364-day tranches
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- 5-year facility of $10B matures March 25, 2030; 3-year facility of $4.1B matures March 25, 2028; 364-day facility of $2.0B matures March 24, 2026.
- Facilities are unsecured; 364-day facility allocated exclusively for General Motors Financial Company, Inc.
- Covenants require GM to maintain at least $4.0B global liquidity and $2.0B U.S. liquidity.
- Interest rates based on Term SOFR, Daily Simple SOFR, or alternative base rate with applicable margin tied to credit rating.
- Facilities replace existing credit agreements; JPMorgan Chase Bank acts as administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467858/000119312525062882/0001193125-25-062882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467858/000119312525062882/d943807d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-062882

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