GM Boosts Revolving Credit Lines to Total $14.5 Billion – Wall Street Journal

Posted: Friday, May 27, 2016

General Motors Co. has increased the capacity of its revolving credit lines by $2 billion, padding its liquidity position as it shifts substantial excess cash to shareholders, expansion and investments in future technology.

The company on Thursday said it has replaced a $12.5 billion facility with a pair of credit lines totaling $14.5 billion that will gradually expire between 2019 and 2021. Chief Financial Officer Chuck Stevens said…


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