Summary
This Form 8-K filing from General Electric Company (GE) reports on the closing of a significant debt offering on May 28, 2015. The company successfully issued €650 million in Floating Rate Notes due 2020, €1.25 billion in 1.250% Notes due 2023, and €1.25 billion in 1.875% Notes due 2027, totaling approximately €3.15 billion in new debt. This offering provides GE with substantial capital and diversifies its debt maturity profile. Investors should note the specific interest rates and maturity dates for each tranche of notes, which were registered under the Securities Act of 1933 and have been incorporated by reference into the company's existing registration statement. The filing also details the engagement of The Bank of New York Mellon as the paying and calculation agent and trustee.
Key Highlights
- 1General Electric (GE) closed a public offering of new debt on May 28, 2015.
- 2The offering included €650 million of Floating Rate Notes due 2020.
- 3GE also issued €1.25 billion of 1.250% Notes due 2023.
- 4An additional €1.25 billion of 1.875% Notes due 2027 were issued.
- 5The total principal amount raised from this debt offering is €3.15 billion.
- 6The Bank of New York Mellon was appointed as the paying and calculation agent.
- 7The debt issuance was registered under the Securities Act of 1933.