General Motors launches offering of senior unsecured fixed-rate notes
General Motors Co. said Thursday it has launched an offering of senior unsecured fixed-rate notes as it moves to bolster liquidity during the coronavirus pandemic. Proceeds will be used for general corporate purposes. The car maker did not specify how much it seeks to raise. Shares were up 1.9% premarket, but have fallen 40% in the year to date, while the S&P 500 has fallen 12%.
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