General Motors' Top Trade Creditors
General Motors filed for Chapter 11 bankruptcy protection in New York Monday.
The following is the list of the largest trade creditors:
Name of creditor Type Amount
Wilmington Trust bond debt $22.76 billion
Deutsche Bank bond debt $4.44 billion
Bank of New York bond debt $176 million
Starcom Mediavest trade debt $121.5 million
Delphi Corp trade debt $110.9 million
Robert Bosch GmbH trade debt $66.2 million
Lear Corp trade debt $44.8 million
Renco Group Inc trade debt $37.3 million
Enterprise Rent A Car trade debt $33.1 million
Johnson Controls trade debt $32.8 million
Denso Corp trade debt $29.2 million
TRW Automotive trade debt $27.5 million
Magna International trade debt $26.7 million
American Axle & Mfg trade debt $26.7 million
Maritz Inc. trade debt $25.6 million
Publicis Groupe trade debt $25.3 million
Hewlett-Packard trade debt $17 million
Interpublic Group trade debt $16 million
And GM says it does not have any new parties lining up to bid on the company's assets, an attorney for the company said Monday.
"There will be a hearing scheduled by the court to consider the proposed sale under section 363 of the bankruptcy code," said Stephen Karotkin, of Weil, Gotshal & Manges LLP. "I'm not aware of any other parties who are interested to purchase substantially all of the assets of the company."
A 363 sale is the sale of an asset clear of any claims by creditors.