DETROIT, May 31 (Reuters) - Investors representing about 54 percent of General Motors Corp's $27.2 billion of bonds indicated support for a U.S. Treasury-brokered swap that could help speed the automaker's way through bankruptcy. Elliot Sloane, a spokesman for an ad hoc committee that represents about a dozen big GM bondholders, also said investors representing 19 percent of GM bonds indicated new support for the swap proposal before Saturday's deadline. A total of 975 institutions ...
Premium Content (PAID Subscription Required)
"GM debt swap plan gets 54 pct bondholder support" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.