Thread: GM and its impact on FIRST
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Unread 01-06-2009, 16:50
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Re: GM and its impact on FIRST
Quote:
Originally Posted by Andrew Schreiber View Post
On March 31 they had $54.4 billion in consolidated debt and now they have $17 billion in consolidated debt. Now, I KNOW they didn't pay off all that debt so where did it go?
I believe it is accounted for by "a new Debtor-in-Possession (DIP) financing of approximately $33 billion" mentioned early in the article.
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