General Motors Will Raise $4 Billion With New Bond Issues
General Motors (NYSE: GM) raising $4 billion in bond offering designed further bolster its balance sheet amid the coronavirus pandemic.
In a filing with the Securities and Exchange Commission Thursday evening, GM explained that its bonds are "senior unsecured notes" — "senior" meaning that the bondholders have priority should GM be forced to liquidate and "unsecured" meaning that GM wasn't required to post collateral for the debt.
Image source: General Motors.
Source Fool.com
