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Archive Home > 2009 > January > 01 > GMAC completes deal to help raise capital

GMAC completes deal to help raise capital


January 1, 2009

NEW YORK — The financing arm of General Motors Corp. completed a complicated debt deal that fell short of the goal it set for the amount of fresh capital needed to help the auto loan company ride out a historic collapse in auto sales.

The results of the debt exchange, announced....

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