GE’s $23 Billion Cash Tender Offers

November 11, 2021

Cleary Gottlieb is representing the dealer managers, led by BofA Securities Inc.; Merrill Lynch International; J.P. Morgan Securities LLC; Deutsche Bank Securities Inc.; Deutsche Bank AG, London Branch; and Morgan Stanley & Co. LLC, in cash tender offers by GE to purchase up to $23 billion aggregate principal amount of the outstanding notes of 53 series issued by GE or an affiliate.

The tender offers launched on November 10, 2021, and are expected to settle on December 1, 2021, and December 14, 2021.

GE is a leading global high-tech industrial company with products and services ranging from aircraft engines, power generation, oil and gas production equipment to medical imaging, financing, and industrial products.

Cleary was also counsel to the dealer managers in AIG’s $1 billion debt tender offers, which launched on November 8, 2021. Cleary’s capital markets practice regularly advises clients on company-critical offerings and liability management transactions.