GMAC Financial Services announced that it received a $3.79 billion capital infusion from the U.S. Department of the Treasury. The transaction was structured with $2.54 billion in trust preferred securities and $1.25 of mandatorily convertible preferred securities. A $15 billion government package was announced by GMAC in May, while the company obtained $5.0 billion in capital investments under Troubled Asset Relief Program a year ago.
GMAC Gets $4 Billion More from Government
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