GM Enters New Agreements, Terminates Others

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

From the Filing

0001193125-24-080620.txt : 20240328 0001193125-24-080620.hdr.sgml : 20240328 20240328161212 ACCESSION NUMBER: 0001193125-24-080620 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240328 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240328 DATE AS OF CHANGE: 20240328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: General Motors Co CENTRAL INDEX KEY: 0001467858 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 270756180 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34960 FILM NUMBER: 24799035 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 313.667.1500 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 8-K 1 d810213d8k.htm 8-K 8-K General Motors Co false 0001467858 0001467858 2024-03-28 2024-03-28     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 28, 2024     GENERAL MOTORS COMPANY (Exact name of registrant as specified in its charter)       Delaware   001-34960   27-0756180 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   300 Renaissance Center , Detroit ,  Michigan   48265-3000 (Address of principal executive offices)   (Zip Code) (313) 667-1500 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered or to be registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   GM   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry Into a Material Definitive Agreement. See Item 2.03 below.   Item 1.02 Termination of a Material Definitive Agreement On March 28, 2024, the Company terminated its $3.0 billion 364-Day Delayed Draw Term Loan Credit Agreement, dated as of November 29, 2023, with Bank of America, N.A., as administrative agent, and the other lenders named therein (the “November Facility”). A description of the terms of the November Facil