About a month after General Motors and General Motors Financial worked out a credit accessibility deal to help the finance company expand its portfolio, the parent automaker executed a revolving credit facility that could help the finance company, too.

Late last week, GM announced the execution of an unsecured $12.5 billion revolving credit facility consisting of a $5 billion three-year facility and a $7.5 billion five-year facility.  The facility amends and extends GM’s existing $11 billion credit facility.

GM executive vice president and chief financial officer Chuck Stevens explained the facility offers improved pricing and terms and the ability to borrow in currencies other than U.S. dollars.  Stevens added GM Financial will also be able to borrow under the facility.

In early September, GM and GM Financial entered into a support agreement as the OEM extended an intercompany revolving credit facility to GM Financial to provide up to $1 billion of liquidity, if needed.

Now GM has even more borrowing capacity at its disposal.

“This credit facility further strengthens our fortress balance sheet with an appropriate level of liquidity to support the needs of the business,” Stevens said. “The broad support from our global banking partners is important as we continue to target a capital structure that is consistent with strong investment grade ratings.”

Stevens added a total of 40 financial institutions from 14 countries participated in the broadly syndicated transaction, underscoring the global scope of GM’s operations.