GE’s Cash Tender Offers
May 24, 2021
Cleary Gottlieb is representing the dealer managers, led by BofA Securities Inc. and J.P. Morgan Securities LLC, in cash tender offers by GE to purchase any and all of the outstanding notes of four series issued by GE or GE Capital, up to $1 billion aggregate purchase price of the outstanding notes of three series issued by GE Capital, and up to $1 billion aggregate purchase price of the outstanding notes of four series issued by GE.
The tender offers launched on May 24, 2021, and are expected to settle on June 9, 2021, and June 23, 2021.
GE is a leading global high-tech industrial company that operates worldwide through its four industrial segments, power, renewable energy, aviation, and healthcare, and its financial services segment. It serves customers in over 180 countries and carries out manufacturing and service operations at 82 manufacturing plants located in 28 states in the United States and Puerto Rico, and at 149 manufacturing plants located in 34 other countries.