GM to offer $1.1 bln in debt; gets $4.1 bln commitment


DETROIT, May 23 (Reuters) - General Motors Corp said on Wednesday it plans to offer about $1.1 billion in convertible debt securities to replace an earlier provision and to bolster liquidity. GM said the notes will be unsecured and will mature on June 1, 2009. The company said it will grant the underwriters a 13-day option to buy up to an additional $165 million in securities. The joint-book running managers for the offering are Citi, Deutsche Bank Securities and Goldman, Sachs and Co. ...

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