# General Motors Co (GM) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_450490018035afa85c5d · retrieved 2026-08-14T01:42:43.234Z

## Overview
General Motors Company manufactures and sells motor vehicles and passenger cars globally.

General Motors Company and its subsidiary General Motors LLC entered into a Master IPU Agreement with Procura Auto Parts LLC on August 7, 2026, establishing an inventory financing program with a maximum facility limit of $4.5 billion. Under the program, Procura will advance funds to GM suppliers to acquire and hold critical inventory for vehicle production, with GM issuing irrevocable payment undertakings (IPUs) to reimburse Procura. The program is funded by a syndicate of banks including JPMorgan Chase Bank, N.A. and Banco Santander, S.A., supported by GM's IPUs. Interest accrues at SOFR plus 1.55% per annum, payable monthly, plus a ticking fee of 0.25% per annum on unutilized portions. The availability period for issuing IPUs runs for twelve months from August 7, 2026, and all payments must be made no later than August 6, 2029.

## Terms
- Counterparty: Procura Auto Parts LLC (Paying Agent); JPMorgan Chase Bank, N.A. and Banco Santander, S.A. (funding syndicate) · Deal value: $4.50B

## Key dates
- Announced 2026-08-11

## Timeline
- 2026-08-11 · 8-K (0001193125-26-344698): 8-K - General Motors Co — *General Motors Company manufactures and sells motor vehicles and passenger cars globally.* General Motors Company and its subsidiary General Motors LLC entered into a Master IPU Agreement with Procura Auto Parts LLC on August 7, 2026, establishing an inventory financing program with a maximum facility limit of $4.5 billion. Under the program, Procura will advance funds to GM suppliers to acquire and hold critical inventory for vehicle production, with GM issuing irrevocable payment undertakings (IPUs) to reimburse Procura. The program is funded by a syndicate of banks including JPMorgan Chase Bank, N.A. and Banco Santander, S.A., supported by GM's IPUs. Interest accrues at SOFR plus 1.55% per annum, payable monthly, plus a ticking fee of 0.25% per annum on unutilized portions. The availability period for issuing IPUs runs for twelve months from August 7, 2026, and all payments must be made no later than August 6, 2029.
  https://www.sec.gov/Archives/edgar/data/1467858/0001193125-26-344698.txt

## Citations
- 0001193125-26-344698 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526344698