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GE Capital offers $1 bln credit line to Hyundai unit

  GE Capital, General Electric Co’s finance arm, will provide a credit line worth $1 billion to Hyundai Capital Services Inc, a unit of Hyundai Motor Co.


Hyundai Motor said in a filing with the Korea Exchange on Thursday that GE Capital could swap the debt into equities in Hyundai Capital if Hyundai Capital fails to repay within a year. (Reuters)