General Motors Co (GM) Form 8-K — Aug 11, 2026
General Motors entered into a Master IPU Agreement on August 7, 2026 with Procura Auto Parts LLC, under which GM will issue irrevocable payment undertakings so a paying agent can advance funds to suppliers who acquire and hold critical inventory on GM's behalf. The program is designed to secure supply of key production inputs against disruptions such as extreme weather, cyberattacks, and demand spikes. The program caps outstanding IPUs at $4.5 billion at any time, with a 12-month funding window that began August 7, 2026 and all payments due no later than August 6, 2029.
Key figures
- Debt Amount
- 4500000000
- Interest Rate
- SOFR + 1.55% per annum
- Maturity Date
- 2029-08-06
- Ticking Fee
- 0.25% per annum on daily average unutilized portion of the Facility Limit
- Default Rate
- Interest Rate plus 2%
- Due Date Terms
- earlier of average 47 days following Inventory Consumption Notice, Acceleration Date, or Final Payment Date
- Facility Limit
- $4.5 billion maximum aggregate outstanding face amount of IPUs
- Final Payment Date
- August 6, 2029
- Availability Period
- 12-month funding period commencing August 7, 2026
- Cross Default Threshold
- $1 billion (Material Debt trigger)
Price after filing
Close on the filing date to close N calendar days later (from $89.35). Historical, not a forecast.
AI analysis
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