TRLPC: GM ups pricing on $12.5B loan after dropping security/collateral
September 30, 2014 at 14:30 PM EDT
NEW YORK, Sept 30 (Reuters) - Bankers lending to General Motors, the world's largest automaker by unit sales, will receive higher pricing on the company's $12.5 billion refinancing loan after a Standard & Poor's upgrade to investment grade status allowed the company to remove security on the deal.