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The automaker is shoring up liquidity, an indicator that the company fears the strike at its U.S. plants may drag on.
A lower loan rate means pledging assets, irking bondholders.
GM says it will 'take all legal actions' to defend rights.
Carmaker will pay about $400 million annually for 15 years.
Nike, Ford are among the companies caught in the crossfire.
Morgan Stanley and Goldman Sachs are said to have gotten credit as advisers on an M&A deal they didn't work on, by lowering fees they were owed.