GM lines up $6B in financing from JPMorgan Chase, Citi and other lenders

General Motors Co.
GM,
-3.36%
said Wednesday it agreed to a $6 billion, 364-day revolving credit agreement with 21 banks led by JPMorgan Chase & Co.
JPM,
-0.74%
as administrative agent and Citigroup Inc.’s
C,
-1.58%
Citibank N.A. unit as syndication agent. The facility requires that GM maintain at least $4 billion in global liquidity and at least $2 billion in U.S. liquidity. GM’s stock was up 0.5% in premarket trading on Wednesday.