UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 1.02 Termination of a Material Definitive Agreement
On December 13, 2021, General Motors Company (the “Company”) delivered to JPMorgan Chase Bank, N.A. (“JPMorgan”), a notice of termination of the Company’s $2.0 billion 3-Year Revolving Credit Agreement, dated January 14, 2019, with JPMorgan, as administrative agent, Citibank, N.A., as syndication agent, and the other lenders named therein (the “Facility”), effective as of December 16, 2021.
A description of the terms of the Facility is set forth under Item 2.03 of the Company’s Form 8-K filed January 14, 2019, and is incorporated by reference into this Item 1.02. Under its terms, the Facility was due to expire on January 14, 2022. The Company did not have any borrowings outstanding under the Facility, and the Company did not incur any early termination penalties in connection with the termination of the Facility. Some of the lenders under the Facility, and their affiliates, have various relationships with GM and its subsidiaries involving the provision of financial services, including lending, cash management, investment banking, trust services, and foreign exchange and other derivative arrangements.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GENERAL MOTORS COMPANY (Registrant) | ||||||
| By: | /s/ John S. Kim | |||||
| Date: December 17, 2021 | John S. Kim Assistant Corporate Secretary | |||||