Tag Archives: gm revolving credit

General Motors Company has doubled it revolving credit agreements to $11 billion, up from an existing deal that provided $5 billion dollars, which was negotiated post bankruptcy in October of 2010. The new credit pact contains a $5.5 billion three-year line and a $5.5 billion five-year line that the U.S.’s largest automaker can draw from.

U.S. taxpayers still hold 32% of GM and its common stock pays no dividend, but the agreement helps strengthen the balance sheet ultimately leading the way for a stock sale. Continue reading →