GM in talks on $5B credit line — source

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, Jul 2, 2010.

  1. ChevyFan

    ChevyFan The Sheriff Staff Member 5+ Years 1000 Posts

    General Motors Co is in talks with banks to secure a $5 billion credit revolver as it prepares to file for an initial public offering of its stock this year, a source familiar with the plan said Friday.

  2. Pats1pab1

    Pats1pab1 Rockstar 4 Years 500 Posts

    Wow, must be nice. Pay execs. millions while supposedly losing money, file bankruptcy, borrow millions, screw people who hold stocks, screw retiree pensions and benefits, pay borrowed money back in a year, we are making a profit, now lets sell stock. Every Company in American, take notice. Wow, must be nice.

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