General Motors (GM) Secures $4.5 Billion Supply Chain Financing
On Aug. 7, 2026, General Motors announced a Master IPU Agreement with Procura Auto Parts LLC creating a supply chain financing program to secure inventory for vehicle production. The facility allows up to $4.5 billion in outstanding irrevocable payment undertakings issued to a paying agent, which funds suppliers to acquire and hold inventory. The 12-month funding period begins Aug. 7, 2026; interest is SOFR +1.55% monthly, with a 0.25% ticking fee, and obligations are due no later than Aug. 6, 2029.