General Motors signed a master agreement on August 7, 2026, among GM LLC and Procura Auto Parts as paying agent, setting up a supply-chain financing program where banks including JPMorgan and Santander advance money to suppliers so they can buy and hold critical parts for GM's production. The goal is to keep key inventory available if extreme weather, cyberattacks, or demand spikes disrupt the supply chain. GM can have up to $4.5 billion of payment undertakings outstanding, pays SOFR plus 1.55% on used amounts, and owes a 0.25% ticking fee on the unused portion during the 12-month funding window starting August 7, 2026; repayment is due no later than August 6, 2029. This excerpt covers Item 1.01 only; the other 8-K items aren't detailed here.
View Full Filing (SEC EDGAR)