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Reuters: GM draws on $4.5 billion revolving credit facility

Started by chris, September 20, 2008, 07:00:26 PM

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chris

GM draws on $4.5 billion revolving credit facility
      


LOS ANGELES (Reuters) - General Motors Corp  said on Friday it plans to draw down the remaining $3.9 billion of its $4.5 billion secured revolving credit facility to maintain a high level of financial flexibility for its ongoing restructuring in the face of uncertain capital markets.
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