GM Announces $3.75 billion Convertible Debt Offering
Approved by the Securities and Exchange Commission, General Motors, the world's largest car maker, offered $3.75 billion in convertible securities. This offering will create liquidity for the corporation to help strengthen GM's balance sheet by approximately $10 billion this year.
Corporate: Keith S. Crow, Chuan Li
Tax: Thomas Evans, Michael Hauswirth
Underwriters for the offering were Merrill Lynch & Co. and Morgan Stanley.
Details of the offering can be found in the March 1, 2002 editions of The Wall Street Journal and Financial Times.
