8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 8.01 · Other EventsItem 9.01 · Financial Statements
GM Launches $4.5 Billion Inventory Funding Program to Secure Critical Supplies
Filed with the SEC on · Summarized by InvestorsBot
General Motors and its subsidiary General Motors LLC entered into an agreement with Procura Auto Parts LLC to fund suppliers that will acquire and hold critical vehicle-production inventory for GM. The program allows up to $4.5 billion in outstanding irrevocable payment undertakings, with a 12-month availability period beginning August 7, 2026; GM will pay interest at SOFR plus 1.55% and a 0.25% annual fee on unused capacity, with payments due by August 6, 2029.