GM Unit Inks Multi-Billion Loan Deal

Deere sells managed health care business; Sears posts better-than-expected earnings amid a sales drop; plus more stocks in the news Tuesday

General Motors (GM ) says GMAC and Scotia Capital inked a deal which calls for committed purchases by Scotia under a $6 billion revolving facility. The revolving facility represents a committed source of funding for $20 billion of GMAC US retail automotive contracts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.