GM’s New Credit Line Compared to Others: Consumer Biz Wrap
For an automaker, General Motors Company’s (NYSE:GM) new $11 billion credit line is the third biggest on record along with being the third largest in 2012. So far as automobile companies go, this credit facility is only smaller than Ford’s $18.5 billion revolving line from 2006 and the $17 billion revolver which Daimler Chrysler (DDAIF.PK) obtained in 1999. Thus far this year, the only comparable credit lines were secured by Procter & Gamble Co. (NYSE:PG) with $11 billion, Kinder Morgan (NYSE:KMI) with $13.3 billion, and Phillips 66 (NYSE:PSX) with an $11.8 facility.
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