NYSE:GMAuto
General Motors’ New US$2b Credit Line And What It Means For Investors
General Motors has entered a new $2 billion, 364-day revolving credit facility.
The credit line is dedicated to General Motors Financial Company Inc. and comes with updated financial covenants.
The agreement is intended to support liquidity for consumer and dealer financing activities.
For investors watching NYSE:GM, the new facility arrives with the stock at $72.98 and a 1-year return of 57.9%. Over longer horizons, GM shows a 105.3% return over 3 years and 31.2% over 5 years, alongside a...