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.”











