General Motors to repay all $1 billion of Korean revolver borrowings

By Sara Rosenberg

New York, Dec. 1 - General Motors Co. is repaying the $1 billion drawn under its Korean revolving credit facility, according to a news release.

"Following our successful IPO, we will continue to take opportunities to strengthen our balance sheet. Our objective remains to have minimal debt and a fully funded pension plan," said Chris Liddell, chief financial officer, in the release.

General Motors is a Detroit-based automaker.

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