GM reduces loan refinancing target, may pay up for new debt

GM reduces loan refinancing target, may pay up for new debt

NEW YORK (LPC) – General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, […]