DETROIT — General Motors Co. announced a new $11 billion revolving credit facility consisting of a $5.5 billion, three-year facility and a $5.5 billion, five-year facility, according to its Nov. 5 filing with the Securities Exchange Commission (SEC). The new facility will replace GM’s existing $5 billion credit facility maturing in 2015.

“The new revolver provides a significant source of backup liquidity and financial flexibility, further bolstering our fortress balance sheet,” said Dan Ammann, GM senior vice president and CFO, in a press release. “This level of commitment from the global banking community represents a strong vote of confidence in the financial strength of our company.”

According to the SEC filing, GM’s borrowing capacity under the revolving credit facility is $5.5 billion, with JPMorgan Chase Bank serving as the administrative agent and Citibank as the syndication agent. Thirty-five financial institutions from 14 countries also participated in the broadly syndicated transaction.

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 with a sublimit of $4 billion.

The new facility is expected to be rated ‘investment grade’ by each of the major credit rating agencies.