GMAC files $15 bln shelf offering for notes

Newswire

WASHINGTON, Sept 30 (Reuters) - General Motors' financing arm General Motors Acceptance Corp. filed with U.S. regulators on Tuesday to sell over time up to $15 billion worth of notes. GMAC said it would use proceeds for general corporate purposes including adding to its general funds and to be available for the purchase of receivables, making loans or debt repayment, according to the Securities and Exchange Commission filing. The "Smartnotes" will be due from nine months to 30 years from ...

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