GM Executes $12.5 Bln Revolving Credit Facility

(RTTNews) - General Motors Co. (GM) said Friday that it has executed an unsecured $12.5 billion revolving credit facility consisting of a $5 billion three-year facility and a $7.5 billion five-year facility.

The facility amends and extends GM's existing $11 billion credit facility.

The facility offers improved pricing and terms and the ability to borrow in currencies other than U.S. dollars. GM Financial, GM's captive finance company, will also be able to borrow under the facility.

A total of 40 financial institutions from 14 countries participated in the broadly syndicated deal, GM said.