UPDATE 1-GM announces repayment of additional $1 bln debt

Newswire

* Korean subsidiary repaying revolving credit facility * Facility had drawn balance of $1 bln on Sept 30 NEW YORK, Nov 30 (Reuters) - General Motors Co said on Tuesday that its GM Daewoo Auto & Technology, Inc. subsidiary will fully repay its Korean revolving credit facility this month. The facility had a drawn balance of $1 billion as of Sept 30, the company said. "Following our successful IPO, we will continue to take opportunities to strengthen our balance sheet," Chief ...

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