Wednesday, May 23, 2007

GM to offer $1.1 bln in debt; gets $4.1 bln commitment

(Reuters) - The joint-book running managers for the offering are Citi,
Deutsche Bank Securities and Goldman, Sachs and Co.




Additionally, GM said it has received commitment for a
supplemental revolving credit facility for about $4.1 billion.
The automaker expects the facility would be secured by GM's
common equity ownership of its former finance arm GMAC, in
which it owns a 49-percent stake.


Read more at Reuters.com Bonds News

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