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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| General Motors Company | NYSE:GM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.23 | 0.52% | 44.70 | 45.15 | 44.57 | 44.90 | 13,214,852 | 00:55:35 |
From May 2019 to May 2024
General Motors Co. has agreed on a $14.5 billion revolving credit facility and reaffirmed its so-called capital allocation framework.
The new revolving credit line, along with the company's cash, "will provide appropriate liquidity to enable consistent investment in a downturn to generate strong results," the auto maker said on Thursday.
The company said the new facility replaces an existing $12.5 billion revolver.
In March 2015, GM detailed a plan that called for it to maintain an investment-grade balance sheet and a target cash balance of $20 billion. The company also said it planned to return all available free cash flow to shareholders.
GM said 44 financial institutions participated in the credit accord.
Shares of GM were unchanged after hours and closed Thursday down 1.1% to $31.29.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 26, 2016 17:35 ET (21:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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