Description
This is a special purpose vehicle created by GM to disburse loan money. The government originally committed $3.5 billion to GM suppliers, but reduced that amount to $2.5 billion on 7/1/09.
Eye on the Bailout
GM Supplier Receivables, LLC
| Committed: | $2,500,000,000 | ||||
| Disbursed: | $290,000,000 | Returned: | $290,000,000 | Revenue to Gov't: | $8,025,479 |
| Net Outstanding: | $8,025,479 | ||||
Jump to listing of transactions
| 0.4% | of all bailout funds committed. |
| 3.7% | of the Auto Company industry bailout. |
Events
-
$2.5B
Apr. 9, 2009 Debt Obligation w/ Additional Note
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
$290M has actually been disbursed.
- Apr. 9, 2009: $290M
-
$114.5Th
Jun. 4, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$908.6Th
Jul. 6, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$1.2M
Aug. 5, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$1.4M
Sep. 4, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$1.3M
Oct. 6, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$1.7M
Nov. 4, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$140M
Nov. 20, 2009 Partial Repayment
Part of the Auto Supplier Support Program
More info from financialstability.gov
-
$678.1Th
Dec. 4, 2009 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$700.7Th
Jan. 6, 2010 Interest Payment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$100M
Feb. 11, 2010 Partial Repayment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
-
$50M
Mar. 4, 2010 Partial Repayment
Part of the Auto Supplier Support Program
More info from www.financialstability.gov
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 03/04/2010 | Refund | $50,000,000 | ASSP | Partial Repayment |
| 02/11/2010 | Refund | $100,000,000 | ASSP | Partial Repayment |
| 01/06/2010 | Interest | $700,685 | ASSP | Interest Payment |
| 12/04/2009 | Interest | $678,082 | ASSP | Interest Payment |
| 11/20/2009 | Refund | $140,000,000 | ASSP | Partial Repayment |
| 11/04/2009 | Interest | $1,734,384 | ASSP | Interest Payment |
| 10/06/2009 | Interest | $1,310,959 | ASSP | Interest Payment |
| 09/04/2009 | Interest | $1,354,658 | ASSP | Interest Payment |
| 08/05/2009 | Interest | $1,223,562 | ASSP | Interest Payment |
| 07/06/2009 | Interest | $908,630 | ASSP | Interest Payment |
| 06/04/2009 | Interest | $114,521 | ASSP | Interest Payment |
| 04/09/2009 | Loan | $2,500,000,000 | ASSP | Debt Obligation w/ Additional Note |
For our blog, resources and more, see our main bailout page.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. We strive to foster change through exposing exploitation of the weak by the strong and the failures of those with power to vindicate the trust placed in them.
© Copyright 2010 Pro Publica Inc.
FREE REPRINTS
Unless otherwise noted, you can republish our articles and graphics (but not our photographs) for free. You just have to credit us and link to us, and you can’t edit our material or sell it separately. (We're licensed under Creative Commons, which provides the legal details.)