GM Enters New Agreements, Terminates Others
Ticker: GM · Form: 8-K · Filed: Mar 28, 2024 · CIK: 1467858
| Field | Detail |
|---|---|
| Company | General Motors Co (GM) |
| Form Type | 8-K |
| Filed Date | Mar 28, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $3.0 billion, $2.0 billion, $4.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, obligation, financial
Related Tickers: GM
TL;DR
GM just signed some deals and ditched others, creating new financial obligations. Details TBD.
AI Summary
On March 28, 2024, General Motors Co. entered into a material definitive agreement and terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements, terminations, and financial obligations were not provided in this filing.
Why It Matters
This filing indicates significant changes in General Motors' contractual and financial obligations, which could impact its future operations and financial health.
Risk Assessment
Risk Level: medium — The filing indicates changes in material definitive agreements and financial obligations, which could introduce new risks or alter existing ones for the company.
Key Players & Entities
- General Motors Co. (company) — Registrant
- March 28, 2024 (date) — Date of report
FAQ
What specific material definitive agreement did General Motors Co. enter into?
The filing does not specify the details of the material definitive agreement entered into by General Motors Co.
What material definitive agreement was terminated by General Motors Co.?
The filing does not specify which material definitive agreement was terminated by General Motors Co.
What is the nature of the direct financial obligation or off-balance sheet arrangement created by General Motors Co.?
The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but does not provide specific details.
What is the principal executive office address for General Motors Co.?
The principal executive offices of General Motors Co. are located at 300 Renaissance Center, Detroit, Michigan 48265-3000.
What is the telephone number for General Motors Co.?
The telephone number for General Motors Co. is (313) 667-1500.
Filing Stats: 969 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-03-28 16:12:12
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value GM New York Stock Exchang
- $3.0 billion — ch 28, 2024, the Company terminated its $3.0 billion 364-Day Delayed Draw Term Loan Credit A
- $2.0 billion — is unsecured and consists of a 364-day, $2.0 billion facility and matures on March 27, 2025.
- $4.0 billion — also requires that GM maintain at least $4.0 billion in global liquidity and at least $2.0 b
Filing Documents
- d810213d8k.htm (8-K) — 30KB
- d810213dex101.htm (EX-10.1) — 855KB
- 0001193125-24-080620.txt ( ) — 1164KB
- gm-20240328.xsd (EX-101.SCH) — 3KB
- gm-20240328_lab.xml (EX-101.LAB) — 17KB
- gm-20240328_pre.xml (EX-101.PRE) — 11KB
- d810213d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit Description 10.1 Sixth Amended and Restated 364-Day Revolving Credit Agreement among General Motors Company, General Motors Financial Company, Inc., the subsidiary borrowers from time to time parties thereto, the several lenders from time to time parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and Bank of America, N.A., as co-syndication agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Portions of this exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K. The omitted information is not material and would likely cause competitive harm to the registrant if publicly disclosed.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GENERAL MOTORS COMPANY (Registrant) Date: March 28, 2024 By: /s/ John S. Kim Name: John S. Kim Title: Assistant Corporate Secretary