GM establishes $4.5B supply-chain inventory financing program via IPU agreement

General Motors Co

Master IPU Agreement with Procura Auto Parts LLC signed Aug 7, 2026; $4.5B max outstanding IPUs at any time.
12-month availability from Aug 7, 2026; interest at Daily Simple SOFR + 1.55%, paid monthly; 0.25% ticking fee on unutilized portion.
Purpose: secure critical inventory for retail/fleet vehicle production against supply disruptions (weather, cyberattacks, excess demand).
Final payment date Aug 6, 2029; IPUs accounted as unsecured debt, excluded from Adjusted Automotive Free Cash Flow until inventory purchased.
Funding syndicate includes JPMorgan Chase Bank, N.A. and Banco Santander, S.A.

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