GM Daewoo Subsidiary To Pay Back A Billion

  • December 1, 2010
General Motors says its GM Daewoo subsidiary will fully repay its Korean revolving credit facility this month.  

The facility had a drawn balance of $1 billion as of Sept. 30 this year. General Motors CFO Chris Liddell said, "Following our successful IPO, we will continue to take opportunities to strengthen our balance sheet. Our objective remains to have minimal debt and a fully funded pension plan."

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