GM Considers Return To the Loan Market

Kantin, Kerry
April 2006
Investment Dealers' Digest;4/3/2006, Vol. 72 Issue 13, p12
Trade Publication
The article reports that the $5.6 billion unsecured revolver loan of car maker General Motors (GM) gained more than ten points in the secondary market amid rumors of loan refinancing or amendment plans. GM said that it can not access the loan because of its restatement of its financial reports for 2002, 2003 and 2004. GM would have to provide collateral to its lenders if it decides to amend the loan facility.


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