GM and GM Canada Close Loan Arrangements with Citigroup and JPMorgan

On July 20, 2006, General Motors and General Motors Canada closed a loan transaction with a syndicate of lenders led by Citicorp USA, Inc. and JPMorgan Chase Bank, N.A. whereby the lenders have agreed to provide General Motors and General Motors Canada with new US$4.63 billion secured credit facilities. The credit facilities are secured by inventory and receivables and, in Canada, by real estate and equipment. The new credit facilities are a restatement of existing unsecured credit facilities.
In Canada, General Motors was represented by in-house counsel Christina Cuthbert, Julie Muirhead (tax counsel) and by Osler, Hoskin & Harcourt LLP with a team that included Heather McKean, Greg Wylie, Constantine Troulis, Joyce Bernasek and Janet Lee. US counsel to General Motors was Weil Gotshal & Manges LLP led by Soo-Jin Shim and Ram Burshtine.
Bennett Jones LLP acted as Canadian counsel to Citigroup, JPMorgan and the lenders with a team that included S. Richard Orzy, Paul Mantini, Kevin Zych, Peter Birkness, Simon Crawford, Stephen Bowman and Deron Waldock. US counsel to Citigroup, JPMorgan and the lenders was Simpson Thacher & Bartlett LLP led by Marissa Wesely, Peter Pantaleo, Gary Mandel, Christine Symons, Nancy Mehlman and Jennifer Steen. Kugler Kandestin, LLP acted as local counsel for the lenders in the Province of Quebec.


Stephen W. Bowman Janet Lee Kevin J. Zych S. Paul Mantini Jennifer Steen Deron P. Waldock Gregory R. Wylie S. Richard Orzy Heather McKean Allan Early Simon P. Crawford Constantine Troulis Joyce Bernasek


Osler, Hoskin & Harcourt LLP Weil, Gotshal & Manges LLP Bennett Jones LLP Simpson Thacher & Bartlett LLP Kugler Kandestin, L.L.P.